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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ST JOHNS - Ottawa and Newfoundland and Labrador say they will rewrite the financial structure of the Muskrat Falls hydro project to shield ratepayers from paying for the megadam's cost overruns.
Federal Natural Resources Minister Seamus O'Regan and Premier Dwight Ball announced Monday that their two governments would scrap the financial structure agreed upon in past federal-provincial loan agreements, moving to a model that redirects benefits to ratepayers.
Both politicians called the announcement, which was light on dollar figures, a major milestone in easing residents' fears that electricity rates will spike sharply when the over-budget dam comes fully online next year.
"We…
