Areva chairman quits and adds to troubles at nuclear group

[bananas]

The "nuclear renaissance" continues to meltdown, will someone please put a sarcophagus over it?

http://www.guardian.co.uk/business/2009/apr/04/areva-nuclear-group-chairman

Areva chairman quits and adds to troubles at nuclear group

* Terry Macalister
* The Guardian, Saturday 4 April 2009

Areva, which part-controls Sellafield and wants to be at the forefront of Britain's atomic renaissance, is set to lose its chairman within the next seven days in what would be the latest of a series of blows to befall the French nuclear engineering group.

<snip>

The shake-up at the top could not come at a worse time for Areva, which is already nursing €3.5bn (£3.2bn) of net debt and needs a further €14bn to meet ambitious expansion plans at a time when it is parting company with one of its major investors, Siemens of Germany.

Areva is also fighting to stem a public relations disaster at Olkiluoto, in Finland, where the first nuclear plant under construction in Europe for nearly 30 years is running three years behind schedule.

<snip>

Presenting the accounts at the end of February, Lauvergeon admitted that the global financial crisis was "a test of the robustness of the Areva business model". The company was unavailable for comment last night but industry specialists said the chief executive's comments were a "huge understatement" given the problems facing it.

<snip>

[jpak]

1. but...but..but...they have that cute little Funkytown commercial

:D

[Systematic Chaos]

3. Wow, dude. Funkytown.

[Systematic Chaos]

2. Solar pool heater.