Areva signs nuclear deals with China's CGNPC
CGNPC and Areva will create a joint venture held 55 percent by Chinese interests and 45 percent by Areva for the engineering and procurement of nuclear power plants, the French builder of nuclear reactors said in a statement.
Areva has already sold two European Pressurized Reactors (EPR) to China.
The JV will focus on CGNPC projects in China at first before looking at projects abroad.
CGNPC and Chinese sovereign wealth funds will also take a 49 percent stake in Uramin, a mining company currently wholly-owned by Areva.
Areva will remain operator of Uramin's current and future projects but CGNPC is now guaranteed access to more than half of the miner's total production, while Areva benefits from additional means of financing its activities, Areva said.
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Saskatchewan to credit solar panel owners, but not as much as old program did
REGINA - Saskatchewan has unveiled a new program that credits electricity customers for generating their own solar power, but it won’t pay as much as an older program did or reimburse them with rebates for their costs to buy and install equipment.
The new net metering program takes effect Nov. 1, and customers will be able to use solar to offset their own power use at the retail rate.
But they will only get 7.5 cents per kilowatt hour credit on their bills for excess energy they put back into the grid, rather than the 14 cents in the previous program.
Dustin Duncan,…
