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The Associated Press: EU probes Siemens, Areva nuclear deal - 0 views

    "European Union regulators said Wednesday that they are investigating nuclear power non-compete deals between France's Areva SA and Germany's Siemens AG after Areva took over their joint venture.

    This adds another twist to a row between the two companies after Siemens pulled out of the Areva NP unit, the world's largest builder of atomic power plants, and struck a deal with Russia's Rosatom to develop nuclear reactors.

    Areva complained last year that Siemens' new deal broke the terms of a 2001 non-competition clause."
Energy Net

Areva warns Siemens of contract breach in nuclear JV | Industries | Industrials, Materi... - 0 views

    Areva said on Wednesday former partner Siemens would breach a non-competition clause if the German company went ahead with plans to tie up with the French nuclear reactor maker's Russian rival Rosatom.

    In January, Siemens announced plans to exit its nuclear venture with Areva, a move Areva said had come as a surprise.

    On Tuesday, Siemens and Rosatom, Russia's state nuclear company, announced a joint venture to develop Russian pressurized water reactor technology, the construction of new nuclear power plants and modernization of existing plants.
Energy Net

Atomic Renaissance: Siemens Plans Nuclear Cooperation with Russia - SPIEGEL ONLINE - Ne... - 0 views

    Germany may be phasing out its nuclear power stations, but German group Siemens plans to cooperate with Russia's Rosatom to tap into the growing global market to build new nuclear plants. A deal could be signed in the coming months, reports business daily Handelsblatt.

    German industrial group Siemens is preparing to sign a nuclear cooperation deal with Russia to tap a growing global market for building nuclear power plants, German business daily Handelsblatt reported on Wednesday.
Energy Net

Siemens to exit nuclear venture Areva NP | Reuters - 0 views

    Siemens to sell its 34-percent stake to Areva S.A.

    * Says Areva to acquire Siemens' stake within three years

    * Says purchase price to be agreed upon by both parties (Adds details from Siemens statement and background)

    MUNICH, Jan 26 (Reuters) - Siemens AG (SIEGn.DE) will exit the nuclear venture Areva NP and plans to sell its 34-percent stake to majority holder Areva S.A. (CEPFi.PA), it said late on Monday, ahead of its annual shareholder meeting on Tuesday.
Energy Net

Finland nuclear reactor costs headed to arbitration -TVO | Reuters - 0 views

    German consortium Areva-Siemens is to take TVO to arbitration in a dispute over delays and cost overruns at the Olkiluoto 3 reactor, the Finnish nuclear plant operator said on Wednesday.

    In October, TVO was told by the consortium that the 1,600 MW reactor -- the first to be constructed in Western Europe for more than a decade -- would be further delayed to 2012 from its initial start-up target of 2009.
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