Latest news with #Framatome
Budapest Times
2 days ago
- Business
- Budapest Times
FM: Strengthening Hungarian-French nuclear cooperation is of critical importance
Minister Szijjártó noted that constructing the new nuclear power plant in Paks as quickly as possible will guarantee the security of the Hungarian energy supply. Péter Szijjártó, Minister of Foreign Affairs and Trade, met with the French Minister for Industry and Energy, Marc Ferracci, during a visit to Paris on Thursday. Minister Szijjártó said strengthening Hungarian-French nuclear cooperation is of critical importance, as it will be a fundamental bastion of Hungary's energy security in the coming years. The minister noted that due to economic growth, industrial energy demand, and climate change, the world will need much more electricity in the coming period than before. 'This drastically increasing demand for electricity can only be met in an environmentally friendly, reliable and cheap way with nuclear energy. Therefore, both Hungary and France, pursuing a rational, common-sense energy policy, reject all pressure and negative discrimination against nuclear energy,' Minister Szijjártó said. He said closer cooperation in the field of nuclear energy was in the interest of Hungary and added that 'in this regard, the French want the same. For the Paks [nuclear power plant] upgrade, Framatome will supply the power plant's control system, and a large French company will also manufacture the turbines for the new plant'. Minister Szijjártó noted that constructing the new nuclear power plant in Paks as quickly as possible will guarantee the security of the Hungarian energy supply and the ability to maintain the lowest utility prices in Europe, making the improvement of Hungarian-French nuclear cooperation absolutely critical in importance.
Al Etihad
5 days ago
- Business
- Al Etihad
ENEC and Framatome sign nuclear fuel supply agreement to support long-term operational security at Barakah Plant
25 July 2025 12:59 ABU DHABI (ALETIHAD)The Emirates Nuclear Energy Company (ENEC) and Framatome have signed a fuel supply agreement for the supply of nuclear fuel assemblies and engineering services for the Barakah Nuclear Energy Plant in the agreement is a key step in ENEC's long-term strategy to diversify its fuel supply chain, enhancing energy security by ensuring an uninterrupted supply of 24/7 carbon-free power from the Barakah Nuclear Energy Plant to businesses, industries and homes across the the agreement, Framatome will supply complete nuclear fuel assemblies for use at the Barakah Nuclear Energy Plant. Framatome brings decades of experience in nuclear fuel manufacturing and innovation, making it a strategic partner to further strengthen the resilience and flexibility of ENEC's fuel supply chain and ensure the plant's continued excellence in nuclear power Excellency Mohamed Al Hammadi, Managing Director and CEO of ENEC, said:'Our agreement with Framatome advances our strategy to strengthen the security and reliability of our nuclear fuel supply chain. Diversification is key to ensuring that we continue to deliver safe, clean, and reliable electricity—powering the sustainable growth of the UAE's economy. Framatome's expertise and commitment to international standards adds depth to our operations and reinforces Barakah as a global model for operational excellence in clean energy generation.'We remain dedicated to advancing Barakah's infrastructure and capabilities, continually striving for excellence in the nuclear power industry. ENEC continues to build on its existing operations through enhanced security, competitive costs, and innovative fuel solutions.'Grégoire Ponchon, CEO at Framatome, said: 'We are proud to provide our advanced fuel to ENEC, ensuring security of the supply and meeting the UAE's clean energy goals. The contract recognises our state-of-the-art technologies and the reliability of our workforce to provide exceptional services to our customers.'The fuel assemblies will be fabricated at Framatome's fabrication facility in the US, which is licensed by the US Nuclear Regulatory Commission, and has received the highest rating from the NRC under its Licensee Performance Review (LPR) for 18 consecutive years. Framatome has more than 40 years extensive experience fabricating fuel for Combustion Engineering design reactors like Barakah and has supplied more than 6,000 fuel assemblies of that type. Barakah remains the region's first multi-unit nuclear energy plant and a global benchmark for successful nuclear new-build programs. ENEC has delivered the Barakah Nuclear Energy Plant—comprising four APR-1400 reactors, which are now the region's largest source of clean electricity—in just eight years. ENEC continues to explore strategic opportunities that support the growth of the global civil nuclear sector, while ensuring the plant remains a cornerstone of the UAE's energy mix.
Zawya
5 days ago
- Business
- Zawya
South Africa: Eskom sets record straight on $56.7mln Framatome court order
Eskom has confirmed that the two contractual disputes with Koeberg Nuclear Power Station contractor, Framatome, are being addressed through an agreed resolution process. This came after media reports that the French energy company had won a high court order instructing the power utility to pay R1bn to the company, following contractual issues. Framatome was contracted for the Steam Generator Replacement Project at the nuclear power station located in the Western Cape. 'In accordance with the contract, disputes are first referred to adjudication and, if not resolved, to arbitration. 'Two disputes were adjudicated between December 2022 and February 2023. As Eskom was not satisfied with the adjudicator's decisions, the two matters were escalated to arbitration as per the agreed process. "The arbitration was held from June to July 2025, and a decision is expected in the last quarter of Eskom's financial year. 'Recent media reports appear to have mixed separate legal processes. To clarify, no new payments are currently due, and all actions taken by Eskom have been in line with the applicable legal and contractual procedures,' the power utility said in a statement. Furthermore, Eskom said although it 'disagreed with the adjudicator's decisions,' it complied with the outcomes and made payments. 'All payments had been made by March 2024 as part of standard contract processes – not as penalties or fines,' the electricity supplier said. Simultaneously, the power utility approached the courts. 'Eskom approached the Cape High Court to have the adjudicator's decisions set aside due to procedural irregularities (independent of the merits of the decisions). "The court only delivered its judgment on 17 July 2025, over a year late. Eskom is currently reviewing the judgment to determine the appropriate next steps. 'We encourage the public and media to trust the integrity of this process. Eskom is following the proper legal channels to resolve these matters responsibly, and we remain committed to transparency and accountability throughout. 'Most importantly, despite these disputes, the core technical work, replacing the steam generators on Koeberg Unit 2, has been completed. "This is a major milestone that contributes to the safe and extended operation of the power station, helping to ensure energy security for the country,' Eskom said. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
IOL News
5 days ago
- Business
- IOL News
Eskom ordered to cough up R1 billion in costs after cancelled Koeberg project
Eskom loses court bid to fend off R1bn payment after cancelling a contract. Image: Supplied Eskom has been ordered to pay close to R1 billion to French nuclear contractor Framatome, after the Western Cape High Court found the utility refused to pay damages after it cancelled a contract to install steam generators at Koeberg nuclear power station. The ruling stems from a 2014 agreement Eskom originally concluded with Areva, which was later ceded to Framatome. The deal covered the design, manufacture and installation of six replacement steam generators – three for each unit at Koeberg. Framatome, which has been in operation for 60 years, was contracted to supply and install two sets of three replacement steam generators, one set to be installed in each of the reactor buildings at units 1 and 2 at Koeberg during separate planned outages of these units. These installations were meant to take place during a scheduled maintenance outage, which kept getting postponed. Two months after the outage was finally scheduled to happen, 'Eskom informed Framatome that it would not be continuing with the steam generator replacement,' the judgement said. As a result of the cancellation of the deal, Eskom's project manager 'acknowledged that Eskom's decision to postpone the work constituted a compensation event,' the judgment read. Although the project manager had acknowledged that Eskom's cancellation triggered compensation, he determined that the value of compensation was nil. The entire matter then went to arbitration, where the adjudicator ordered that Eskom must pay compensation for cancelling the contract, including for storing equipment, as well as implementation activities, which work had been wasted by Eskom delaying the date of the planned maintenance outage. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ After some back and forth between the parties and the adjudicator, during which the parties didn't agree on costs, 'Eskom made it clear that it had no intention of providing the adjudicator with any further information or participating any further in the adjudication process,' the ruling read. As a result, the adjudicator issued a determination of the damages amount, and Eskom decided to take the issue to the Western Cape High Court, arguing that the amount in damages was not determined by the date it was due – voiding his determination. In defending Eskom's legal action, Framatome argued that none of the arbitration proceedings were improper, nor was the adjudicator abusing his power. The Judge ruled that 'there is no basis to set aside the decisions of the adjudicator which are valid and binding. In terms of the parties' contract Eskom was obliged to comply therewith.' Eskom, it found, had to comply with its contractual obligations. The court found that Framatome was entitled to the full amount it sought. In addition to the R1bn payment, Eskom had to pay interest and costs. IOL
The Citizen
6 days ago
- Business
- The Citizen
Eskom clarifies R1b Koeberg payment after court battle with French contractor
Eskom has confirmed that two contractual disputes with Koeberg Nuclear Power Station contractor Framatome are being addressed through an agreed resolution process. This follows media reports that the French energy company won a high court order instructing the power utility to pay about R1b to the company after contractual issues. Framatome was contracted for the Steam Generator Replacement Project at the nuclear power station in the Western Cape. 'In accordance with the contract, disputes are first referred to adjudication and, if not resolved, to arbitration. 'Two disputes were adjudicated between December 2022 and February 2023. As Eskom was not satisfied with the adjudicator's decisions, the two matters were escalated to arbitration as per the agreed process. The arbitration was held from June to July 2025, and a decision is expected in the last quarter of Eskom's financial year. 'Recent media reports appear to have mixed separate legal processes. To clarify, no new payments are currently due, and all actions taken by Eskom have been in line with the applicable legal and contractual procedures,' the power utility said in a statement yesterday. Eskom added that although it 'disagreed with the adjudicator's decisions', it complied with the outcomes and made payments. 'All payments had been made by March 2024 as part of standard contract processes – not as penalties or fines,' the utility said. Simultaneously, Eskom approached the courts. 'Eskom approached the Cape High Court to have the adjudicator's decisions set aside due to procedural irregularities (independent of the merits of the decisions). The court only delivered its judgment on July 17, 2025, over a year late. Eskom is currently reviewing the judgment to determine the appropriate next steps. 'We encourage the public and media to trust the integrity of this process. Eskom is following the proper legal channels to resolve these matters responsibly, and we remain committed to transparency and accountability throughout. 'Most importantly, despite these disputes, the core technical work – replacing the steam generators on Koeberg Unit 2 – has been completed. This is a major milestone that contributes to the safe and extended operation of the power station, helping to ensure energy security for the country,' Eskom said. – Read original story on At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
