 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
EU clears French loan guarantees for Finnish nuclear plant
Brussels (AFP) Sept 26, 2007 EU competition regulators gave their approval Wednesday to French state-guaranteed loans to Finnish power company TVO to pay for the construction of a nuclear power plant by French company Areva. After an in-depth competition probe, the European Commission ruled that the loan guarantees did not break EU state-aid rules because they were deemed to give no advantage to TVO over its competitors. Europe's top competition watchdog found that the cost of the guaranteed loans were not below the cost for loans on the market. Areva, along with German engineering conglomerate Siemens, have been building a new reactor for TVO, the first in the world to use third-generation technology. It was initially due to be operational in mid-2009 but has been plagued by delays and is now more than 18 months behind schedule. Third-generation technology provides greater energy, improved security and reduced waste compared to earlier versions of nuclear reactors, but the project has faced protests by environmentalists. As the guardian of fair competition in Europe, the European Commission is responsible for policing state aid to make sure that it does not give companies unfair advantages. Community Email This Article Comment On This Article Related Links Civil Nuclear Energy Science, Technology and News Powering The World in the 21st Century at Energy-Daily.com
Bangladesh plans nuclear power plant
Dhaka (AFP) Sept 24, 2007Bangladesh plans to set up its first nuclear power plant at a cost of over one billion dollars to ease economically damaging electricity shortages which have sparked riots, an official said Monday. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
