Areva builds out in Brazil
The firm announced it was awarded six contracts totaling nearly $90 million by Brazilian utility Eletronuclear. Areva will be tasked with carrying out extensive service on the Angra-1 and Angra-2 nuclear power plants in the city of Angra dos Reis in Rio de Janeiro state.
Areva will carry out examination and maintenance operations on the reactors' mechanical and electrical main components and will provide local support to meet Eletronuclear's customers' needs.
Areva will implement its integrated service concept during plant outage and during operation. Areva's offer is expected to lower operating costs for Eletronuclear and enhance reliability.
The group already provides services for both Angra plants and has been performing the yearly outages for Angra-2 since its connection to the grid in 2001.
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Nova Scotia regulator approves 14% electricity rate hike, defying premier
HALIFAX - Nova Scotia regulators approved a 14 per cent electricity rate hike on Thursday, defying calls by Premier Tim Houston to reject the increase.
Rates will rise on average by 6.9 per cent each year in 2023 and 2024.
The Nova Scotia Utility and Review Board (UARB) issued a 203-page decision ratifying most of the elements in a settlement agreement reached between Nova Scotia Power and customer groups after Houston's government legislated a rate, spending and profit cap on the utility in November.
The board said approval was in the public interest and the increase is "reasonable and appropriate."
"The board cannot simply…
