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AREVA T
Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%). Électricité de France, of which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state. As a part of the restructuring program following its insolvency, Areva sold out or discontinued its renewable energy businesses, sold its reactors business subsidiary Areva NP (now: Framatome) to EDF and its nuclear propulsion and research reactors subsidiary Areva TA (now: Technicatome) to Agence des participations de l'État, and separated its nuclear cycle business into a separate company New Areva (later: Orano). As a ...
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Courbevoie
Courbevoie () is a commune located in the Hauts-de-Seine Department of the Île-de-France region of France. It is in the suburbs of the city of Paris, from the center of Paris. The centre of Courbevoie is situated from the city limits of Paris. La Défense, a business district hosting the tallest buildings in the metropolitan area, spreads over the southern part of Courbevoie (as well as parts of Puteaux and Nanterre). Name The name Courbevoie comes from Latin ''Curva Via'' and means "curved highway", allegedly in reference to a Roman road from Paris to Normandy that made a sharp turn to climb the hill over which Courbevoie was built. Administration Courbevoie is divided into two cantons: Canton of Courbevoie-1 and Canton of Courbevoie-2. History A wooden bridge was built crossing the Seine at Courbevoie by order of King Henry IV when in 1606 his royal coach fell into the river while being transported by ferry. Rebuilt in stone during the eighteenth century, this w ...
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French Alternative Energies And Atomic Energy Commission
The French Alternative Energies and Atomic Energy Commission or CEA ( French: Commissariat à l'énergie atomique et aux énergies alternatives), is a French public government-funded research organisation in the areas of energy, defense and security, information technologies and health technologies. The CEA maintains a cross-disciplinary culture of engineers and researchers, building on the synergies between fundamental and technological research. CEA is headed by a board headed by the general administrator (currently François Jacq since 20 April 2018), advised by the high-commissioner for atomic energy (currently Patrick Landais). Its yearly budget amounts to €5.1 billion and its permanent staff is slightly over 20,500 persons. It owned Areva. CEA was created in 1945; since then, the successive high-commissioners have been Frédéric Joliot-Curie, Francis Perrin, Jacques Yvon, Jean Teillac, Raoul Dautry, René Pellat, Bernard Bigot, Daniel Verwaerde and François Jacq. It ...
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Jean-Pierre Raffarin
Jean-Pierre Raffarin (; born 3 August 1948) is a French politician who served as Prime Minister of France from 6 May 2002 to 31 May 2005. He resigned after France's rejection of the referendum on the European Union draft constitution. However, after Raffarin resigned, he said that his decision was not based on the outcome of the vote. Opinion polls following his resignation suggested that Raffarin was one of France's least popular Prime Ministers since the Fifth Republic was established in 1958. However, according to the book ''France: 1815–2003'', written by Martin Evans and Emmanuel Godwin, Raffarin was "a remarkably popular Prime Minister" despite his ability "to state the obvious and to make empty statements". He was also Vice President of the Senate from 2011 to 2014. Early life Born 3 August 1948, Raffarin grew up in Poitiers, the son of a prominent national figure: his father Jean Raffarin was vice-minister of Agriculture in the government of Pierre Mendes-Franc ...
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Anne Lauvergeon
Anne Lauvergeon (born 2 August 1959) is a French businesswoman who served as CEO of Areva from 2001 until 2011. According to ''The Wall Street Journal'', she is known internationally as one of the most prominent defenders of nuclear power. Early life and education Lauvergeon was born into a middle-class family in Dijon, Côte-d'Or; her father taught history and her mother was a social worker. Her grandfather was mayor of a village in Burgundy. She later grew up in Orléans, where her father became a professor of geography. Lauvergeon attended the École normale de jeunes filles to pass the Agrégation in physics. Then she entered the Corps des Mines. In 1983 she enrolled in her first vocational course with the Corps de Mines, in the iron and steel industry, at Usinor. A second vocational course, in 1984, took place with the Commissariat à l'énergie atomique, where she studied chemical safety in Europe. Career Early beginnings From 1985 to 1988, Lauvergeon was with the l'Inspe ...
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Orano Cycle
Orano Cycle, formerly COGEMA (''Compagnie générale des matières nucléaires'') and Areva NC, is a French nuclear company. It is the main subsidiary of Orano S.A. It is an industrial group active in all stages of the uranium fuel cycle, including uranium mining, conversion, enrichment, spent fuel reprocessing, and recycling. The company was originally created in 1976. In 2001, it became part of Areva; its name was changed to ''Areva NC'' in March 2006. As a result of restructuring of Areva, Areva NC became part of Orano and changed its name to Orano Cycle. History In 1976, ''Compagnie générale des mines'' was created based on the uranium production activities of ''Commissariat à l'énergie atomique'' (CEA). Later it was renamed ''Compagnie Générale des Matières Nucléaire'' (COGEMA). As of 1999, COGEMA was majority owned by CEA (81.5%) with minority owned by Total S.A. (15%) and Technip (3.5%). It also owned stakes in Framatome and Eramet. In June 2001, Cogema becam ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must comp ...
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Siege Areva 33 Rue Lafayette P1050953
A siege is a military blockade of a city, or fortress, with the intent of conquering by attrition, or a well-prepared assault. This derives from la, sedere, lit=to sit. Siege warfare is a form of constant, low-intensity conflict characterized by one party holding a strong, static, defensive position. Consequently, an opportunity for negotiation between combatants is common, as proximity and fluctuating advantage can encourage diplomacy. The art of conducting and resisting sieges is called siege warfare, siegecraft, or poliorcetics. A siege occurs when an attacker encounters a city or fortress that cannot be easily taken by a quick assault, and which refuses to surrender. Sieges involve surrounding the target to block the provision of supplies and the reinforcement or escape of troops (a tactic known as "investment"). This is typically coupled with attempts to reduce the fortifications by means of siege engines, artillery bombardment, mining (also known as sapping), or the use ...
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Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland across Estonia to the south. Finland covers an area of with a population of 5.6 million. Helsinki is the capital and largest city, forming a larger metropolitan area with the neighbouring cities of Espoo, Kauniainen, and Vantaa. The vast majority of the population are ethnic Finns. Finnish, alongside Swedish, are the official languages. Swedish is the native language of 5.2% of the population. Finland's climate varies from humid continental in the south to the boreal in the north. The land cover is primarily a boreal forest biome, with more than 180,000 recorded lakes. Finland was first inhabited around 9000 BC after the Last Glacial Period. The Stone Age introduced several differ ...
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Olkiluoto Nuclear Power Plant
The Olkiluoto Nuclear Power Plant ( fi, Olkiluodon ydinvoimalaitos, sv, Olkiluoto kärnkraftverk) is one of Finland's two nuclear power plants, the other being the two-unit VVER Loviisa Nuclear Power Plant. The plant is owned and operated by Teollisuuden Voima Oyj (TVO), a subsidiary of Pohjolan Voima, and is located on Olkiluoto Island, on the shore of the Gulf of Bothnia, in the municipality of Eurajoki in western Finland, about 20 kilometres from the town of Rauma and about 50 kilometres from the city of Pori. The Olkiluoto plant consists of two boiling water reactors (BWRs), each producing 890  MW of electricity, together comprising 22% of the country's electricity generation for 2020. A third reactor, Unit 3, reached first criticality in late 2021, and at a nameplate capacity of 1,600 MW net electric output, will by itself satisfy 14% of the country's electricity demand. Unit 3 is an EPR reactor and has been under construction since 2005. The start of commercial ...
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Nuclear Propulsion
Nuclear propulsion includes a wide variety of propulsion methods that use some form of nuclear reaction as their primary power source. The idea of using nuclear material for propulsion dates back to the beginning of the 20th century. In 1903 it was hypothesized that radioactive material, radium, might be a suitable fuel for engines to propel cars, planes, and boats. H. G. Wells picked up this idea in his 1914 fiction work ''The World Set Free''. Surface ships, submarines, and torpedoes Nuclear-powered vessels are mainly military submarines, and aircraft carriers. Russia is the only country that currently has nuclear-powered civilian surface ships, mainly icebreakers. The US Navy currently (as of 2022) has 11 aircraft carriers and 70 submarines in service, that are all powered by nuclear reactors. For more detailed articles see: Civilian maritime use * See Nuclear marine propulsion * List of civilian nuclear ships Military maritime use * Nuclear navy * List of United State ...
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Areva NP
Framatome () is a French nuclear reactor business. It is owned by Électricité de France (EDF) (75.5%), Mitsubishi Heavy Industries (19.5%), and Assystem (5%). The company first formed in 1958 to license Westinghouse's pressurized water reactor (PWR) designs for use in France. Similar agreements had been put in place with other European countries, and this led to a 1962 contract for a complete plant at Chooz. Westinghouse sold its stake to engineering firm Creusot-Loire in 1976, and the company became solely French owned. In 2001, Siemens sold its reactor business to Framatome. As part of a larger series of mergers with Cogema and Technicatome, Framatome became the Areva NP division of the new Areva. It changed its name back to Framatome in 2018 after a major investment by utility operator EDF. While originally a licensing and construction business, today Framatome supplies the entire reactor life-cycle, including design of the European Pressurized Reactor (EPR), constru ...
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Kuwait Investment Authority
The Kuwait Investment Authority (KIA) is Kuwait's sovereign wealth fund, managing the state’s reserve and the state’s future generation fund (FGF). Founded in 1953, the KIA is the world's oldest sovereign wealth fund. As of April 2022, it was the world's 3rd largest sovereign wealth fund with US$738 billion in assets under management. History and profile KIA was founded on 23 February 1953 to manage the funds of the Kuwaiti Government in light of financial surpluses after the discovery of oil. KIA is the world's oldest sovereign wealth fund. KIA manages the Kuwait General Reserve Fund, the Kuwait Future Generations Fund, as well as any other assets committed by the Ministry of Finance. To put KIA's size into perspective, the Kuwait Future Generations Fund has 15% of annual oil revenues added to it. KIA's board of directors is headed by the minister of finance with other seats allocated to the Energy Minister, Governor of the Central Bank of Kuwait, Undersecretary of the ...
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