Hitachi- from the country that brought the world Fukushima

Hitachi- from the country that brought the world Fukushima
We feel very sad for the people of Japan who want to end nuclear energy whilst a potential new government and big business are desperate for it

No Fukushima at Oldbury

No to Fukushima at Shepperdine!

No to Fukushima at Shepperdine!

Tuesday, 12 October 2010

Have you seen a French man speechless....?Mon Dieu, Sacre Bleu?

EDF executives were virtually speechless with anger this weekend over
 what they described as a unilateral withdrawal by US partner
 Constellation Energy from their project to build a French-designed EPR
 reactor on its Calvert Cliffs site in Maryland. The Baltimore-based
 utility's decision threatens to set back the French groups progress in
 the US by two or three years if a solution cannot be found. EDF had
 ambitions to build at least four EPRs with Constellation in what it once
 sold to its shareholders as the worlds biggest and most attractive
 nuclear generation market. But in private, many investors and analysts
 are delighted, at least in the short term. Assuming that the EPR project
 falls victim to the increasingly acrimonious relationship between the
 two companies, EDF would find itself with more time and money to focus
 on more pressing issues. In th! e past two years EDF has seen its net
 debt shoot up from 25bn to an estimated 45bn ($63bn) after acquiring
 British Energy in the UK at peak prices and then fighting off
 billionaire Warren Buffett to secure its partnership with Constellation
 in a costly rescue deal. EDF will struggle to find a new partner for its
 costly and complex EPR reactor, the first new generation nuclear plant
 to have been launched on the market, but which has been fraught with
 delays and cost overruns.

 FT 12th Oct 2010,s01=1.html

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