Word: lauvergeon
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...Anne Lauvergeon had been given the choice, the French nuclear-energy company she heads would have been the next state-owned firm slated for partial privatization. Earlier this year, she and her colleagues at Paris-based Areva jumped the gun by preparing all the official paperwork for a public offering, and lobbied the government hard to be next in line. Her insistence ruffled some feathers, especially in the Finance Ministry, according to people familiar with the behind-the-scenes maneuvering. And late last month, she officially lost her battle when Prime Minister Dominique de Villepin and Finance Minister Thierry Breton...
...Unlike its key competitors, Westinghouse and General Electric, Areva spans all aspects of the business. It mines and enriches uranium ore to make nuclear fuel; it designs and constructs reactors and helps operate them; and it recycles the spent fuel and packages the remaining waste. An engineer by training, Lauvergeon worked as an aide to the late French President François Mitterrand before joining the Lazard investment bank. In the late 1990s, the government asked her to take over Cogema, a state-owned nuclear reprocessing company. Convinced that nuclear had a big future, she orchestrated a merger with...
...utility's application because of worries about climate change and uncertainties about securing future energy supplies. The party was held in a glass tent on the spot where the core of the new pressurized water reactor is to be installed, and none of the partygoers was happier than Anne Lauvergeon, a former French civil servant who is chief executive of Areva, the French company that won the contract to build the $3.6 billion plant. Hailing a "nuclear renaissance," she said the laying of the foundation stone sent a clear signal to the world that "nuclear energy is part...
...company does play a central role in a new nuclear age, it will be due in part to Lauvergeon, an engineer by training who has pushed hard to improve the image of nuclear energy, and in part to French attitudes towards the technology. France pushed through an aggressive nuclear energy program in the 1970s after the first oil shock. While the share of nuclear energy worldwide is just 16% of the total, it is five times higher in France, which has 59 of the world's 440 reactors on its soil. More are on the way: last year, the government...