French bid for Emirates nuclear plant at risk

subscribe

A French attempt to win a $41 billion contract to build nuclear power stations in the Emirates is at risk over pricing, the La Tribune newspaper reported.

The newspaper reported that the top official at the presidential Elysee Palace, Claude Geant, had held a meeting with the heads of big French companies concerned to discuss a further reduction in the price which the government in Abu Dhabi considered too high.

Present at the meeting were the head of French nuclear power group Areva, Anne Lauvergeon, the head of GDF Suez, Gerard Mestrallet, Christophe de Margerie who leads oil group Total and Henri Proglio of the electricity group EDF, the report said.

The report said that the bidding consortium comprising these companies and the U.S. firm Bechtel were handicapped by the fall of the dollar.

The report said that a few days ago, under political pressure, the partners had reduced the price of their offer to build new-generation EPR (European pressurized reactor) power stations by 10 percent.

This was because the offer was considered too high by comparison with bids by competitors.

The rival companies are Hitachi of Japan which is allied with US group General Electric, and the South Korean company Kepco working with another South Korean group, Hyundai.

Related News

lava spills near geothermal plant

Geothermal Power Plant In Hawaii Nearing Dangerous Meltdown?

HAWAII - If lava reaches Hawaii’s PGV geothermal power plant, it could release of deadly hydrogen sulfide gas. That’s the latest potential danger from the Kilauea volcanic eruption in Hawaii. Residents now fear that lava flow will trigger a meltdown at the Puna Geothermal Venture (PGV) power plant that would release even more toxic gases into the air.

Nobody knows what will happen if lava engulfs the PGV because magma has never engulfed a geothermal power plant, Reuters reported. A geothermal power plant uses steam and gas heated by lava deep in the earth to run turbines that make electricity.

The PGV…

READ MORE
Jessica McDonald bc hydro ex-president

Former B.C. Hydro CEO earns half a million without working a single day

READ MORE

biomass generator

New energy projects seek to lower electricity costs in Southeast Alaska

READ MORE

Sudbury storm damage

Sudbury Hydro crews aim to reconnect service after storm

READ MORE

lineman rescues car

Ameren, Safe Electricity urge safety near downed lines

READ MORE