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...project for Finland's main utility, Teollisuuden Voima Oyj, is designed to showcase Areva's 3G earthquake- and missile-proof design, known as a European Pressurized Reactor. Areva spokesman Jacques-Emmanuel Saulnier said winning the contract over Westinghouse and GE-Hitachi was crucial to establishing the firm as the leader in advanced nuclear tech. "You only see how it works once you've built it and proved it's what you'd said it would be," he said. "That's why winning the Finnish contract and building the world's first third-generation reactor is so important...

Author: /time Magazine | Title: Nuclear Wares | 9/14/2009 | See Source »

...construction troubles with its Finland reactor. The Finnish project was supposed to showcase Areva's third-generation earthquake- and missile-proof design, known as a European Pressurized Reactor (EPR). Areva beat out Westinghouse and General Electric-Hitachi in 2003 to win a contract with Finland's main utility Teollisuuden Voima Oyj (TVO) to build the plant. GE-Hitachi, Mitsubishi and Westinghouse all sell their own third-generation reactors, which are more efficient and safer than previous designs. But Areva's EPR boasts innovations that led the U.S.-based Union of Concerned Scientists to call its design the only one with...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

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