Mitsubishi to produce nuclear fuel in US with AREVA

http://www.nuclearpowerdaily.com/reports/Mitsubishi_to_produce_nuclear_fuel_in_US_with_AREVA_999.html Tokyo (AFP) Dec 14, 2010 Japan's Mitsubishi Nuclear Fuel Co. said Tuesday it had established a 50-50 venture in the United States with French industrial group AREVA to produce nuclear fuel for pressurised water reactors. The new company, named US Nuclear Fuel and located in AREVA's plant in Richland, Washington state, aims to start production in the second half of this decade, Mitsubishi Nuclear Fuel said in a press release.
Seventy percent of Mitsubishi Nuclear Fuel is owned by the Mitsubishi group and 30 percent by AREVA.
US Nuclear Fuel will produce fuel for advanced pressurised water reactors to be supplied by Mitsubishi Heavy Industries to nuclear power plants in the United States, the statement said.

Mitsubishi to produce nuclear fuel in US with AREVA

http://www.nuclearpowerdaily.com/reports/Mitsubishi_to_produce_nuclear_fuel_in_US_with_AREVA_999.html Tokyo (AFP) Dec 14, 2010 Japan's Mitsubishi Nuclear Fuel Co. said Tuesday it had established a 50-50 venture in the United States with French industrial group AREVA to produce nuclear fuel for pressurised water reactors. The new company, named US Nuclear Fuel and located in AREVA's plant in Richland, Washington state, aims to start production in the second half of this decade, Mitsubishi Nuclear Fuel said in a press release.
Seventy percent of Mitsubishi Nuclear Fuel is owned by the Mitsubishi group and 30 percent by AREVA.
US Nuclear Fuel will produce fuel for advanced pressurised water reactors to be supplied by Mitsubishi Heavy Industries to nuclear power plants in the United States, the statement said.
earlier related report

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Areva head says Mitsubishi Heavy might buy small stake

Image via WikipediaJapanese group Mitsubishi Heavy Industries

could buy 2.0 percent of French nuclear engineering group Areva, marking a "strong symbolic" move, head of Areva Anne Lauvergeon said on Friday. Lauvergeon told French BFM radio: "If they take a small shareholding in Areva of about 2.0 percent, that would be something symbolically strong for future alliances."
But this outlook was not at all on the scale of the links between French auto group Renault and Nissan of Japan, she said.
Areva, a world leader in building nuclear power stations, which is controlled by the French state, announced in June last year that it would open up 15 percent of its capital.
In July this year the French presidential office said that this would happen by the end of 2010.
Sovereign wealth funds in Qatar and Kuwait, and Mitsubishi Heavy Industries have been mentioned as likely shareholders.
On Thursday, Patrick Kron, head of the French industrial group Alstom which also builds power stations, said that he saw any entry of MHI into Areva as seriously problematic because the Japanese company was a direct competitor for Alstom.
Lauvergeon acknowledged that Alstom and MHI competed in building turbines, but played down the impact of any shareholder agreement for sales of turbines by Alstom.http://www.nuclearpowerdaily.com/reports/Areva_head_says_Mitsubishi_Heavy_might_buy_small_stake_999.html

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Japanese nuclear exports consortium launches from World Nuclear News by Jeremy Gordon

A Japanese consortium has been officially launched in order to help Japan gain orders for nuclear power plants from so-called emerging nuclear countries. The consortium comprises nine electric utilities and three nuclear engineering companies.

Headquartered in Tokyo, JINED is three-quarters owned by nine electric power companies (so-called "epcos"): Tokyo Electric Power Co (Tepco) (20%); Kansai (15%); Chubu (10%); Hokkaido (5%); Tohoku (5%); Hokuriku (5%); Chugoku (5%); Shikoku (5%); and Kyushu (5%).

Three nuclear engineering companies each hold a 5% stake in the consortium: Toshiba, Hitachi and Mitsubishi Heavy Industries (MHI). The remaining 10% of JINED is held by Innovation Network of Japan (INCJ) - a joint venture of government and industry.

http://www.world-nuclear-news.org/C-Japanese_nuclear_exports_consortium_launches-2610104.html

Dominion won't build North Anna reactor without partner

Dominion is still seeking partner for Va. nuclear project
Dominion continues its search for a suitable partner in its bid for a third nuclear reactor at the North Anna Power Station in Virginia. While the company has picked Mitsubishi Heavy Industry's Advanced Pressurized Water Reactor technology for the project, it remains undecided whether to push through. "We are still trying to work through the financials on that before moving forward," said Richard Zuercher, a spokesman for the company. The Daily Progress (Charlottesville, Va.)

M'bishi Hvy eyes 2 nuke plant orders yearly-INTERVIEW-UPDATE 2

TOKYO, Aug 3 (Reuters) - Japan's Mitsubishi Heavy Industries Ltd aims to win orders for 30 nuclear power plants by 2025, the head of the company's nuclear energy business said on Tuesday.

The executive vice president also said the firm has a good chance of winning the contract for Jordan's first nuclear power plant project.
Like its rivals, Mitsubishi Heavy is revving up marketing efforts as the number of new nuclear plant projects overseas grows.
There are currently 432 nuclear power plants in operation worldwide and another 140 facilities were either under construction or being planned as of January, according to the Japan Atomic Industrial Forum.
"We are expecting to receive two orders a year. Considering the potential market size, the target is not pie in the sky and is achievable," Akira Sawa told Reuters in an interview.
Mitsubishi Heavy received its third overseas order in the United States in May. Major competitors include Toshiba, which controls U.S. power firm Westinghouse, and a Hitachi-General Electric alliance.
Mitsubishi Heavy is now bidding for a Finnish project and its joint venture with French state-owned energy group Areva is seeking to win an order for Jordan's first nuclear plant, competing with the Atomic Energy of Canada Ltd and the state-run Russian firm Atomstroyexport.
Sawa said the Finland contract would probably not be awarded before the end of next year but that the Jordan decision should come sooner.
"I've got the impression that we have the edge (in the Jordan bid)," Sawa said. "There are (geographic) faults in the Gulf of Aqaba in Jordan, and so it is necessary to predict earthquakes there just like in Japan. I heard that Jordan has attached importance to our quake-resistant engineering as well as our safety record."
In Jordan, Mitsubishi Heavy and Areva have proposed the new generation 1,100 megawatts ATMEA 1 nuclear reactor which the two firms are jointly developing.
"Both Mitsubishi and Areva have very strong technologies and I heard the ATMEA is a competitive reactor. If the two other rivals do not slash their prices, Mitsubishi (and Areva) will be able to win the order," said Nomura Securities analyst Shigeki Okazaki.
The French firm is planning a 3 billion euro share offering and aims to sell the stock to strategic overseas partners. The French government has said it would welcome Mitsubishi taking a stake in the state-owned energy group.
Sawa declined to comment on the possibility of this happening.

 

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