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• French-German asset swap completed

  Following approval by the relevant antitrust authorities, Electricité de France (EdF) and German utilities EOn and Energie Baden-Weurttemburg (EnBW) have completed the swap of assets and rights representing more than 1200 MWe in generating capacity, including 800 MWe of nuclear generation. The deal - agreed last October - sees German energy supplier EnBW, already jointly controlled by EdF, acquire drawing rights for 800 MWe from EOn's German nuclear power plants, EOn's majority shareholding worth 256 MWe in the Rostock coal-fired power station and a drawing right for 159 MWe from another EOn coal-fired power station at Buschhaus. In return, EOn takes on EnBW's electricity drawing rights for 800 MWe of power from EdF's French nuclear power plants. In addition, EOn becomes the sole shareholder in SNET, France's only private-sector energy supplier, through the acquisition of EdF and Charbonnage de France's 35% stake in the company (EdF's 18.75% stake in SNET has been transferred to EOn). The swap forms part of a 2008 commitment made by EOn to the European Commission to promote competition in the German market by divesting a total of about 5000 MWe of its generation capacity and its German transition system network. The transactions also form part of a divestment program announced by EdF in February 2009 aimed at reducing its net financial debt by at least €5 billion ($7 billion) by the end of 2010. Posted Jan 06 2010, 11:30 AM by World Nuclear News Filed under: EDF, Germany, France, nuclear, Energie Baden-Weurttemburg, asset, swap, EOn. ENBW

• Nukem Technologies now owned by ASE

  Russia's AtomStroyExport (ASE) has completed its purchase of the Nukem Technologies subsidiary of Germany's Nukem. The two companies signed a contract in August regarding the sale of the business, which specialises in decommissioning, waste management and engineering services. The details of the transaction have not been disclosed but ASE - part of the Russian nuclear energy corporation Rosatom - and Nukem have now signed a protocol finalizing the deal and passing on ownership of Nukem Technologies. Ulf Kutscher, managing director of Nukem Technologies, commented, "With AtomStroyExport we have a strategic investor, who perfectly understands our business and will develop it further." In a statement, ASE said: "The acquisition of Nukem Technologies GmbH greatly enhances and complements the engineering capabilities of AtomStroyExport necessary for the successful implementation of national programs for the nuclear industry in virtually every country - from the decommissioning of existing plants to building new facilities on the basis of the most advanced Russian and European technologies." Nukem will now concentrate on its core business, the supply of nuclear fuel services. Posted Dec 15 2009, 10:59 AM by World Nuclear News Filed under: Russia, Germany, AtomStroyExport, acquisition, Mergers, ase, Nukem Technologies

• TÜV SÜD acquires GNEC of South Korea

  Germany-based international service group TÜV SÜD has broadened its worldwide coverage with the acquisition of South Korean nuclear service provider Global Nuclear Engineering Co (GNEC). Posted Nov 03 2009, 12:00 PM by World Nuclear News Filed under: Korea, Germany, global nuclear engineering company, TUV SUD, gnec

• RWE pulls out of Belene

  After a long period of uncertainty German utility RWE has finally abandoned a potential 49% investment in two new nuclear reactors in Bulgaria. Posted Oct 28 2009, 11:43 AM by World Nuclear News Filed under: Germany, Bulgaria, RWE, contract, reactor, nuclear, pull out, withdrawal

• Everyone a winner in Franco-German asset swap

  An extensive swap of generation assets and electricity drawing rights between Electricité de France (EdF) and German companies EOn and ENBW, including rights to 800 MW of nuclear generation, is being hailed as a triumph for European competition. Posted Oct 01 2009, 11:39 AM by World Nuclear News Filed under: EDF, Germany, France, Electricité de France, EnBW, E.on, asset swap

• Election brings hope for German nuclear

  Angela Merkel has been returned as Chancellor of Germany to form a pro-nuclear coalition and give nuclear power a future in the country. The first steps to recognising nuclear energy's role will have to come soon. Posted Sep 28 2009, 09:29 AM by World Nuclear News Filed under: Germany, Politics, growth, merkel, chancellor, pro-nuclear

• German simulator centre places $1m order

  US-based GE Fanuc Intelligent Platforms has won a $1 million order for subsystem components for a new simulator being built at Germany's training facility for nuclear plant operators. Posted Sep 18 2009, 07:02 AM by World Nuclear News Filed under: Germany, simulator, GE, GE Fanuc Intelligent Platforms, subsystem, ge fanuc

• RWE prohibited from taking stake in Borssele

  A court in Arnhem, the Netherlands, has ruled that Germany's RWE cannot acquire Essent's 50% stake in the Borssele nuclear power plant as part of its takeover of the Dutch utility. The plant must remain in public hands, the court ruled. Posted Jul 10 2009, 11:46 AM by World Nuclear News Filed under: Germany, RWE, Essent

• New Bulgarian government to complete Belene

  [Sofia News Agency, 8 July] The centre-right Citizens for European Development of Bulgaria (GERB) party, which won general elections in the country on 5 July, is determined to continue with the construction of the Belene nuclear power plant, but with private funding. Biser Boev, GERB's economic advisor and probably Bulgaria's next economy minister, said it would be irresponsible of the new government to abandon such a big project. He said, "We have to see what money we are talking about, because in the next four years Bulgaria will lack financial resources, and will deal with the challenges of the financial crisis every day." Boev said that negotiations with Germany's RWE over finding finance for the Belene plant must be accelerated as Bulgaria cannot afford to give guarantees for the entire project. He said that all investment projects started by the previously government must be reviewed to determine which should proceed and which should be stopped or postponed. Posted Jul 09 2009, 10:26 AM by World Nuclear News Filed under: Germany, Bulgaria, RWE

• A balance of nuclear power for Germany

  Three months ahead of a federal election, Germany's economy minister has said that nuclear power plants should operate for longer until favoured renewable technologies are ready. Posted Jun 22 2009, 09:35 AM by World Nuclear News Filed under: Germany, Politics, renewables

• EOn hosts Italian delegation

  A group of Italian politicians has toured a German nuclear power plant in a signal of EOn's interest in the emerging Italian nuclear market. Posted Apr 06 2009, 11:55 AM by World Nuclear News Filed under: Germany, Italy, EOn

• Computing boost for European fusion

  The Jülich Research Centre in Germany has ordered a new supercomputer which will host applications for the European Union's fusion research program. The move comes after last week's European Commission decision to allow fusion researchers access to a European supercomputer network. Posted Jan 29 2009, 11:40 AM by World Nuclear News Filed under: Politics and Nuclear Power, nuclear technology, Germany, New Nuclear Plant, Next Generation Nuclear Plant, new nclear plants

• RWE launches zero-carbon supply option

  As the debate in Germany continues over its nuclear phase-out policy, utility RWE has introduced a new zero-carbon energy purchasing scheme which will allow its customers to specify that they wish to buy electricity mainly from nuclear power plants. Posted Nov 14 2008, 11:27 AM by World Nuclear News Filed under: Germany, RWE

• German research reactor fuel returned to USA

  Some nine kilograms of US-origin highly enriched uranium (HEU) research reactor fuel has been shipped from Germany to the USA, marking the return of all such material from the country. In all, 1190 kg of such US-origin fuel has been returned. Posted Oct 08 2008, 11:37 AM by World Nuclear News Filed under: Nuclear Fuel, Germany

• Glos renews call for extending lives of Germany's reactors

  Germany's minister of economics and technology, Michael Glos, speaking at the 3rd German Energy Congress in Munich, has made a renewed call for the operating lives of the country's nuclear power plants to be extended. Posted Sep 09 2008, 11:36 AM by World Nuclear News Filed under: Germany