NEW DELHI — American politicians and business executives spent years negotiating an agreement to give India access to civilian nuclear technology, but a French company may reap the first rewards of the deal.
The company, Areva, which is owned mostly by the French government, said on Wednesday that it had joined with the state-run Nuclear Power Corporation of India to build at least two and possibly as many as six nuclear power plants in the energy-starved country. Their two-reactor project could be worth about $10 billion, officials from the French company and the Indian government said. - The New York Times
BP (BP.L) and D1 Oils (DOO.L) have cut back their plans for expansion and are now looking for new investors in their joint biofuels venture which began in 2007. BP has recently ended its wind power business outside the United States as well as pulling the plug on two projects for power stations that could capture and store their carbon dioxide emissions. D1 said it planned to "tighten the business' geographic focus, reduce the overhead base and contain short-term cash requirements". BP's chief executive Tony Hayward said: "The mantra at BP today is, 'Every dollar counts'." - Reuters
GDF-Suez yesterday became the latest French company to set its sights on the UK's nuclear industry when it unveiled plans for a joint venture to help build new reactors in Britain. . . . .
GDF-Suez, 35 per cent owned by the French Government, said that it had formed a partnership with Iberdrola, the Spanish owner of Scottish Power - The Times
Gordon Brown made a significant concession to union pressure yesterday by agreeing to look at greater workers' rights as the price for ending wildcat strikes over foreign contractors. The dispute at the Total oil refinery in Lindsey, Lincolnshire, will be called off formally this morning after the company agreed that 101 "unfilled" jobs would be opened up to British workers after six days of illegal industrial action - The Times
Ambitious targets to cut carbon emissions are in danger of being missed due to the recession, the Government's main adviser on climate change said. As chairman of the Climate Change Committee, Lord Turner of Ecchinswell is charged with ensuring Britain meets legally-binding targets to cut greenhouse gas emissions by 80% by 2050 - Daily Telegraph
China will spend 580bn Yuan (£59.5bn) expanding its energy sector in 2009 with plans for new solar and wind-powered generating capacity, but also nuclear and coal-fired plants, State-owned companies were stepping up investment to meet growing demand and boost economic growth as part of a government stimulus plan, said Zhang Guobao, director of China's National Energy Administration – The Times
Areva, the French nuclear group agreed yesterday to supply India with up to six nuclear reactors, in one of the first deals since India's nuclear programme was brought into the international fold last year after decades of isolation. In a preliminary agreement with the state-owned Nuclear Power Corporation of India, Areva will provide technical co-operation on two of the heavy-duty 1600MW EPR reactors, at Jaitapur in the state of Maharashtra – The Financial Times
GDF-Suez, 35 per cent owned by the French Government, said that it had formed a partnership with Iberdrola, the Spanish owner of Scottish Power - The Times
Gordon Brown made a significant concession to union pressure yesterday by agreeing to look at greater workers' rights as the price for ending wildcat strikes over foreign contractors. The dispute at the Total oil refinery in Lindsey, Lincolnshire, will be called off formally this morning after the company agreed that 101 "unfilled" jobs would be opened up to British workers after six days of illegal industrial action - The Times
Ambitious targets to cut carbon emissions are in danger of being missed due to the recession, the Government's main adviser on climate change said. As chairman of the Climate Change Committee, Lord Turner of Ecchinswell is charged with ensuring Britain meets legally-binding targets to cut greenhouse gas emissions by 80% by 2050 - Daily Telegraph
China will spend 580bn Yuan (£59.5bn) expanding its energy sector in 2009 with plans for new solar and wind-powered generating capacity, but also nuclear and coal-fired plants, State-owned companies were stepping up investment to meet growing demand and boost economic growth as part of a government stimulus plan, said Zhang Guobao, director of China's National Energy Administration – The Times
Areva, the French nuclear group agreed yesterday to supply India with up to six nuclear reactors, in one of the first deals since India's nuclear programme was brought into the international fold last year after decades of isolation. In a preliminary agreement with the state-owned Nuclear Power Corporation of India, Areva will provide technical co-operation on two of the heavy-duty 1600MW EPR reactors, at Jaitapur in the state of Maharashtra – The Financial Times
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