French nuclear giant Areva, which is planning to sell India six masssive1650 MWe EPR nuclear reactors for the Jaitapur site in Maharashtra, is facing serious financial difficulties with net losses in 2011 placed at well over €1 billion. Areva's CEO, Luc Oursel, announced drastic job cutbacks and the sale of over €2 billion worth of assets, essentially in the company's uranium mines sector, to offset these losses. Trading in the company's...

-IANS Around 1,500 villagers on Saturday laid siege to the Kudankulam Nuclear Power Plant (KNPP) in Tirunelveli district of Tamil Nadu to demand immediate cessation of all work at the site, said an activist. " This morning, around 10 people from West Bengal came to Kudankulam and asked for directions to the plant site. When villagers enquired about their mission, they said they were labourers hired by a contractor to carry out...

Just ahead of Prime Minister Manmohan Singh's visit to Moscow, Russia lashed out at protests against the Kudankulam nuclear power project saying that the disruptions may have been stage managed by its rivals. Russia's ambassador to India Alexander M Kadakin said Russian authorities had "great suspicion" about the events at Kudankulum, where the final stage before commissioning of two power plants built with Russian cooperation has been on hold due to...

With Prime Minister Manmohan Singh’s visit just about a week away, Moscow has taken a tough stand on the liability law India is insisting on in all nuclear power equipment purchases. The Russian position can threaten the signing of the commercial pact for building two more reactors — Kudankulam 3 and 4 in Tamil Nadu —expected during Singh’s visit. The Russians said that if all terms of the deal for Kudankulam reactors...

Chairperson of the Atomic Energy Commission of France Bernard Bigot on Monday said the controversial European Pressurized Reactor (EPR) technology was re-evaluated after the Fukushima disaster and it had got the green signal from the nuclear safety regulatory bodies of his country, the United Kingdom and Finland. The three regulatory bodies had expressed reservations about the design aspects of the EPR. This happened due to greater transparency, which was the top...