94-469: Tour Areva (previously known as Tour Framatome and Tour Fiat ) is an office skyscraper designed by global architects SOM and located in La Défense , a high-rise business district , and in the commune of Courbevoie , France , west of Paris . Built in 1974, the tower is 178 m (584 ft) tall. Tour Areva is entirely black; its cladding is made of dark granite and darkened windows. Its shape
188-463: A $ 16.9 billion offer, comprising a $ 13.5 billion value plus $ 3.4 billion cash. On 5 May, GE offered to buy one-fourth of the shares in Alstom's Indian power and distribution companies – Alstom T&D India and Alstom India – at 261.25 and 382.20 rupees a share (value US$ 278 million and $ 111 million respectively) subject to its bid for Alstom SA being successful. On 5 May 2014,
282-545: A 1,100 MWe Atmea-1 pressurised water reactor ( Generation III reactor ). In 2009, Siemens sold its remaining shares of Areva NP and Arvea NP became wholly owned by Areva. At the same year, Areva NP acquired 30% stake in the Mitsubishi Nuclear Fuel company. On 6 May 2008, Areva announced that it would seek all necessary approvals to build an enrichment facility in Bonneville County, Idaho . The project
376-560: A 2003 deal in Indonesia valued at $ 118 million in particular. On April 13, 2013, Alstom senior executive Frédéric Pierucci was arrested at the John F. Kennedy International Airport in New York . He was accused of willful blindness of his company's suspected corruption and was imprisoned in a high security facility for 14 months and denied release on bail until the week of Alstom's acquisition by
470-529: A 51% shareholding in Linke-Hofmann-Busch from Salzgitter AG . In 1995, the company acquired the remaining shares in the steam turbine manufacturer MAN Energie . In early 1998, GEC Alsthom acquired the electrical contractor Cegelec , renaming it Alstom Power Conversion . In 1998, GEC Alsthom bought Italian firm SASIB 's rail signalling subsidiary Sasib Railways , which included the former General Railway Signal (USA). In June 1998, GEC Alsthom
564-550: A cartel which has cheated public utility companies and consumers for more than 16 years". On 13 August 2007, the French newspaper Le Parisien alleged that the Franco-Libyan civil nuclear power agreement signed by President Nicolas Sarkozy did not concern desalinization of sea water, as claimed by the French government, but instead focused in particular on selling the EPR to Libya,
658-520: A consortium of Alstom ( Alstom Wind ), EDF , and DONG Energy was awarded three major French offshore wind farm contracts, the company initiated construction of factories at Cherbourg-en-Cotentin (turbine blades in association with LM Power , also wind turbine towers) and Saint-Nazaire (Nacelles and generators). Also in 2012, the company formed a joint venture with RusHydro to manufacture hydropower equipment for small and medium power hydropower plants. (up to about 100MW.) Late in 2012, to further
752-615: A contract potentially worth $ 3 billion. Le Parisien cited Philippe Delaune, deputy to the deputy director of international affairs for the CEA atomic agency , which is the main share-holder in Areva. Following allegations that the deal had been related to the release of the Bulgarian nurses , the French Socialist Party , through the spokesperson Jean-Louis Bianco , declared that this deal
846-559: A design flaw inherited from the acquisition of ABB 's turbine business, in addition to losses in other business sectors. In 2014, General Electric (GE) announced that it reached a deal to purchase Alstom's power and grid divisions for US$ 17 billion (€12.4 billion). The deal came under heavy scrutiny from French regulators who saw the business as a strategically important domestic industry. To secure approval, GE agreed to form joint ventures with French companies in power generation and transmission, Alstom's heavy gas turbine business
940-403: A further 10% stake from shareholder Bouygues and an option to form a rail transport joint venture. On 19 June, GE revised its bid, matching the same price with a lower cash transaction value; it also proposed forming a joint venture of their renewable, electric grid, steam turbine and nuclear power businesses. GE announced a memorandum of understanding between the two firms in the rail sector and
1034-588: A greater product overlap and thus a greater risk to jobs, along with potential issues with EU competition regulators. Siemens' offer was characterised as "defensive", being skeptically received by investors and analysts. On 29 April, Reuters reported that Alstom's board had accepted a €10 billion bid by GE for its energy division; In a letter from GE executive Jeffrey R. Immelt to President François Hollande published in Les Echos , Immelt gave assurances about continued investment in Alstom's French activities,
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#17328555797411128-463: A joint venture of Alstom and Gibela began construction of a new 60,000 square metres (650,000 sq ft) train building factory in Dunnotar , outside of Johannesburg , South Africa . Initial orders for the factory included 580 X'Trapolis Mega passenger trains for Passenger Rail Agency of South Africa under a €4 billion contract that was awarded in 2013. In September 2016, Alstom announced it
1222-692: A modular concept for compact power plants targeting small-scale biomass resources that addresses relatively untapped growth opportunities in Europe. The objective is to combine innovative solutions which optimize customer costs for small-scale power plants (between 3 and 6 MW) and reduce construction time. This new biomass plant concept also aims to improve upstream technologies for multi-fuel acceptance and higher availability. Areva designed, manufactured and industrialized turnkey energy storage solutions and products to generate electricity with fuel cells and produce hydrogen by electrolysis. Areva supported research in
1316-457: A partnership in renewable energy, with a focus on offshore wind, biomass, concentrated solar power, and energy storage. In October 2014, CEO Luc Oursel took a leave of absence for health reasons. He died in December of the same year. On 20 November 2014 Standard & Poor's downgraded Areva long-term debt to BB+ and short-term-debt to A-3. In May 2014, Areva, through its subsidiary CETH2, and
1410-770: A potential delay in construction until a capital solution is secured for the Eagle Rock Enrichment Facility in the United States. Areva wrote off most of the $ 2.5 billion purchase cost of Canadian uranium mining company Uramin, purchased in 2007, after concluding that its uranium ore deposits were of negligible value. In September 2014 Standard & Poor's stated it might downgrade Areva's credit rating following weak first-half results, leading to Areva indicating it would cut capital spending and dispose of some assets. In March 2015 Standard & Poor's further downgraded Areva's credit rating to BB− after Areva posted
1504-473: A proposal to merge with Siemens Mobility , the rolling stock division of German conglomerate Siemens ; this merger was promoted as the creation of "a new European champion in the rail industry". The combined rail business, which was to have been reportedly named Siemens Alstom and headquartered in Paris, would have $ 18 billion U.S. in revenue and employ 62,300 people in more than 60 countries. During November 2018,
1598-591: A reported cost of €54 million. As a consequence of an alignment agreement between Transmashholding and another entity, LocoTech-Service , Alstom's stake in the former decreased to 20% in August 2018. In 2011, Alstom and the Iraqi government signed a memorandum of understanding regarding the construction of a new high-speed rail line between Baghdad and Basra . In 2012, Alstom opened construction of factories at Sorel-Tracy , Quebec, Canada (passenger rail vehicles). After
1692-696: A research reactor established in 1996 with the US firm General Atomics that is used for training, research, and the production of radioisotopes. Areva was a former corporate member of the Bruegel think tank. In January 2007, Areva was fined €53 million by the European Commission for rigging EU electricity markets through a cartel involving 11 companies, including ABB , Alstom, Fuji , Hitachi Japan , AE Power Systems , Mitsubishi Electric Corp , Schneider Electric, Siemens, Toshiba and VA Tech ELIN. According to
1786-711: A start-up and German offshore wind pioneer, producing wind turbines in Bremerhaven. The innovative M5000 wind turbine has a compact medium speed drive train and carbon rotor blades. The patented air treatment to prevent corrosion was unique. The turbine was designed by aerodyn Energiesysteme GmbH . In 2015 the renewable unit of Areva changed into ADWEN GmbH. In June 2010, Areva purchased the remaining 49% and formed Areva Wind . In February 2010, Areva bought Ausra, and renamed it Areva Solar . In 2007, Areva purchased UraMin, which later became Areva Resources Southern Africa (now part of Orano). In 2007, Areva started construction of
1880-550: A variant of their TGV family specially designed for traversing the Channel Tunnel between the UK and France. Although collectively operated by Eurostar , the type was ordered by three different railway companies: 16 by SNCF , four by NMBS/SNCB , and 18 by British Rail , of which seven were shortened North of London sets. The first Class 373 set was completed at GEC Alstom's Belfort facility during 1992. In 1994, GEC Alsthom acquired
1974-474: A €4.8 billion loss for 2014. In 2012, Areva acquired the hydrogen technology developer Compagnie européenne des technologies de l'hydrogène (CETH) and renamed it Areva H2Gen. In the same year, it inaugurated a hydrogen storage system called the MYRTE platform near Ajaccio , Corsica (MYRTE is the French acronym for Mission Hydrogène Renouvelable pour l’intégration au réseau électrique ). The system aims to establish
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#17328555797412068-401: A €700 million deal), refocused on rail transport. Due to the acquisition, GE accrued $ 17.3bn of goodwill, consisting of Alstom's negative book value of $ 7.2bn at the time of acquisition and the $ 10.1bn purchase price. In October 2018, GE wrote-off $ 23bn from the value of its power industry division, largely attributed to the Alstom purchase. In November 2015, Alstom was awarded a contract by
2162-481: Is now part of Framatome. The business group also designed and built naval propulsion and research reactors, which is now Technicatome. The business group had 15,592 employees at the end of 2013 and generated 36% of Areva's revenue in the same year. The back end business group developed recycling solutions for used fuel for reuse in reactors. It also offered storage and transportation solutions for radioactive material, and site rehabilitation at nuclear facilities. It
2256-824: Is now part of Orano. At the end of 2013, it had 11,583 employees and made up for 19% of Areva's revenue. In 2017 the NUHOMS Matrix advanced used nuclear fuel storage overpack, a high-density system for storing multiple spent fuel rods in canisters, was launched. Areva created its global renewable energies business group in 2006 as an expansion of its clean energy portfolio with renewable energy . This group represented four business lines: concentrated solar power , offshore wind power , biomass power, and hydrogen power storage and distribution. Areva built biomass power plants worldwide, representing 2.5 GWe of installed capacity. These plants are located in Brazil, Chile, Germany,
2350-412: Is one of the first of the new Generation III reactors , was initially expected to begin producing electricity in 2009, but project completion was delayed eventually until 2023, and it has faced several price increases. Areva and TVO have reached an agreement, according to which Areva would pay €450 million in compensation over the delays and lost income. The agreement would settle all legal actions between
2444-583: Is that of a perfect square prism . It is said that its architects were inspired by the black monolith in Stanley Kubrick 's film 2001: A Space Odyssey . The site where the tower was built was codenamed CB1 in La Défense initial master plan. A twin tower of Tour Areva was initially planned at the current location of the Tour Total , but was cancelled due to the 1973 oil crisis . Areva Areva S.A.
2538-613: The Flamanville 3 EPR reactor. In addition, in November 2007 Areva agreed to an €8 billion deal with the China Guangdong Nuclear Power Group to supply them with two EPRs for Taishan Nuclear Power Plant . Under the terms of the agreement, Areva also had to help operate the plant, including the reprocessing of spent fuel. Also in 2007, Areva and Mitsubishi Heavy Industries created a joint venture named Atmea to develop
2632-452: The French : Constructions Électriques de France , Tarbes; a manufacturer of electric locomotives as well as electrical and hydraulic equipment. In 1969, Compagnie Générale d'Électricité (CGE) became the majority shareholder of Alsthom. In 1976, Alsthom merged with Chantiers de l'Atlantique , becoming Alsthom Atlantique. Thus, the business expanded into marine. The next year, it constructed
2726-747: The Nuclear Power Corporation of India Limited for the Jaitapur Nuclear Power Project in the Indian state of Maharashtra. In March 2010, Areva indicated work was being done on a new type of burner reactor type capable of breaking down actinides created as a product of nuclear fission . In 2011, Areva was listed on the Euronext stock exchange in Paris. In December 2011, Areva suspended building work at several sites in France, Africa and
2820-728: The Prevention of Corruption Act 1906 and Criminal Law Act 1977 . Further charges were brought in late 2014 by the SFO in relation to corrupt practices used to obtain energy contracts in Lithuania. Additional charges relating to contracts for the Budapest Metro in Hungary were added in April 2015. In December 2018, three executives of Alstom were found guilty of conspiracy to corrupt following an investigation by
2914-552: The 1,067.2 kilometres (663.1 mi) from Calais to Marseille in 3 hours and 29 minutes. In 1986, Alsthom Belfort received an order from EDF for the largest gas turbine in the world (212 MW). In 1988–89, holding company CGEE Alsthom acquired ACEC Énergie (hydroturbines and electrical equipment for the nuclear industry) and ACEC Automatisme (automation) from the dissolution of Belgian electrical engineering company ACEC . Alsthom acquired 100% of ACEC's transport division, renaming it ACEC Transport . In early 1989, GEC Alsthom
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3008-470: The 1990s, the company expanded its holdings in the rail sector, acquiring German rolling stock manufacturer Linke-Hofmann-Busch and Italian rail signaling specialist Sasib Railways. In 1998, GEC Alsthom was listed on the Paris Stock Exchange and, later that year, it was rebranded Alstom. At the time, the company was manufacturing railway rolling stock, power generation equipment and ships. In 2003,
3102-611: The ADEME (French Environment and Energy Management Agency), announced the creation of the AREVA H2-Gen joint venture. In December 2015 operations at Le Creusot Forge were stopped following a discovery at the Flamanville Nuclear Power Plant . About 400 large steel forgings manufactured by Le Creusot Forge since 1965 found to have carbon-content irregularities that weakened the steel. A widespread programme of reactor checks
3196-669: The Belfort plant's closure in the short to medium term. In June 2017, Alstom opened the largest train modernisation facility in the UK at Halebank on the outskirts of Liverpool . Initial work involved the repainting of the Class 390 Pendolino s. On 12 November 2024, Alstom announced on their official website that the first of 35 fully automated metropolis trains has been delivered to Taiwan . The four-car stainless-steel train can carry up to 700 passengers, including 108 seated, with speeds up to 100 km/h. On 26 September 2017, Alstom announced
3290-493: The EPR Design Certification Application Review process at the U.S. Nuclear Regulatory Commission (NRC). In 2006, Areva created its renewable energies business group. Creusot Forge and Creusot Mécanique merged into the Areva group, even though there were quality concerns over Creusot Forge's work. In 2007, Areva purchased 51% of offshore wind turbine manufacturer Multibrid. Multibrid has been
3384-569: The European Commission voiced its concerns surrounding the proposed merger of the two companies, particularly that the combined entity would be too dominant in the European market; alleged impacts from such dominance included potential increases in passenger fares and cargo fees. Furthermore, a series of popular protests concerning the financial reforms of both the French territorial railway infrastructure and SNCF occurred. The proposed merger
3478-490: 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 or discontinued its renewable energy businesses and sold its reactors subsidiary Areva NP (which has reverted to its original name, Framatome ) to EDF . Its nuclear propulsion and research reactors subsidiary Areva TA (now TechnicAtome )
3572-419: The French government stated it did not back GE's bid, citing concerns on the future of Alstom's rail division as a smaller separate entity, suggesting that GE transfer its own rail division to Alstom; other concerns were over the civil nuclear field's national independence, and French jobs. On 14 May, France issued a decree ( Décret n° 2014-479 du 14 mai 2014 . ), nicknamed " décret Alstom ", extending to power of
3666-507: The French government's 21% holding in Alstom for €2 billion. Later that year, Bouygues elected to increase its shareholding in the firm to 24%. In 2007, the TGV POS set the world speed record for rail vehicles of 574.8 kilometres per hour (357.2 mph). In March, Alstom acquired Power Systems Manufacturing LLC ( Florida , USA) a manufacturer of gas turbine components from Calpine Corporation for $ 242 million. In June, Alstom acquired
3760-752: The French state agreed terms with Bouygues, buying a 20% stake in Alstom from Bouygues at a 2–5% discount on a minimum value of ≈€35 per share. Initially, the acquisition was expected to be finalised by early 2015. In early 2015, the EU Competition Commission began examining the deal. Both EU and US competition regulators approved the deal by September 2015, subject to the divestiture of Alstom's large and very large gas turbine (GT26 and GT36 models) manufacturing and service business; and its GE7FA gas turbine aftermarket parts subsidiary business, Power Systems Mfg. LLC (PSM), to another company, Ansaldo Energia . The sale of Alstom's energy division to GE
3854-656: The Indian Railways to construct an electric locomotive factory in Madhepura ( Bihar ), receiving an initial order of 800 twin-section 9MW locomotives for use on the Eastern Dedicated Freight Corridor , valued at ₹190 billion (about US$ 2.9 billion). This factory was to be operated under a joint venture with the Ministry of Railways (26%) at a cost of ₹ 13 billion (roughly US$ 200 million). In September 2015, it
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3948-574: The Netherlands, India and Thailand. Its subsidiary Areva Renewables Brazil built biomass power plants based on bagasse (organic waste from sugar cane). In the United States, Areva formed a partnership with Duke Energy to build and operate 55 MW biomass power plants based on wood waste. Areva acquired a bio-coal production technology called Thermya, which produces a biofuel issued from biomass torrefaction that can replace coal to generate thermal energy and electricity. Areva also developed AdCub,
4042-554: The SFO into allegations of several Lithuanian politicians and officials being offered bribes in return for securing contracts. In February 2020, the United Nations published a database of all business enterprises involved in certain specified activities related to the Israeli settlements . Alstom has been listed on the database in light of its involvement in activities related to "the provision of services and utilities supporting
4136-667: The Sahara , three-part series on the Tuareg people of the Sahara desert, in which claims were brought to light that Areva mining and consequent irradiations are causing diseases and deaths among their people. Alstom Alstom SA is a French multinational rolling stock manufacturer which operates worldwide in rail transport markets. It is active in the fields of passenger transportation, signaling, and locomotives, producing high-speed, suburban, regional and urban trains along with trams. The company and its name (originally spelled Alsthom)
4230-608: The Spanish wind turbine manufacturer Ecotècnia, renamed as Alstom Ecotècnia (since 2010 Alstom Wind ). The company also adopted a new graphic chart (logo, corporate identity) using "alstom" as its trading name, reserving "Alstom SA" for legal documents. In 2009, Alstom acquired a 25% stake in the Russian locomotive manufacturer Transmashholding . Six years later, Alstom decided to increase its shareholding in Transmashholding to 33% at
4324-712: The US conglomerate General Electric . In late 2014, Alstom was fined $ 772 million by the DOJ, and admitted guilt under the Foreign Corrupt Practices Act in relation to bribes paid to obtain contracts in various countries. In mid-2014, Alstom Network UK was charged by the UK Serious Fraud Office (SFO) in relation to corruption offences alleged to have been committed when obtaining transportation contracts in India, Poland and Tunisia, covered under sections 1 of
4418-670: The United States, one day after forecasting a €1.6 billion ($ 2.1 billion) loss. Areva halted "capacity extensions" at its La Hague Reprocessing Plant , in northern France, at its Melox factory in the southwest, and at two sites attached to its Tricastin power plant in the south. Work has also stopped on extensions to uranium mines in Bakouma in the Central African Republic, Trekkopje in Namibia, and Ryst Kuil in South Africa, and caused
4512-559: The basis of Areva Wind a joint venture Adwen . In August 2014, Areva exited the solar industry. In October 2013, Areva won a $ 2.7 billion contract to supply two EPR nuclear reactors with nuclear steam supply and control systems at the Hinkley Point C plant in Somerset , England. It will also provide uranium extraction and enrichment for the fuel fabrication stage. In December 2013, Areva and China General Nuclear Power (CGN) agreed to
4606-490: The chemical conversion of ore into uranium hexafluoride , the enrichment of uranium, and the design and production of fuel for nuclear reactors. As of the end of 2013, 8,555 people worked for Areva's front end business group. It accounted for 24% of Areva's consolidated revenue in 2013. It is now part of Orano. The reactors and services business group designed and built pressurized water reactors and boiling water reactors , and offers products to service nuclear reactors. It
4700-450: The commission, "between 1988 and 2004, the companies rigged bids for procurement contracts, fixed prices, allocated projects to each other, shared markets and exchanged commercially important and confidential information." Areva is not accused of any cartel involvement other than through the acquisition of an Alstom unit in January 2004. "This subsidiary was acquired by the Areva group towards
4794-479: The company bought out ABB's share in the former joint venture ABB Alstom Power. In 2000, Alstom sold its diesel engine businesses ( Ruston , Paxman , and Mirrlees Blackstone ) to MAN Group . It also acquired a 51% stake in Italian rail manufacturer Fiat Ferroviaria , a world leader in tilting technology. In April 2003, Alstom sold its industrial turbine business to Siemens for €1.1 billion. By 2003, Alstom
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#17328555797414888-401: The company required a €3.2 billion bailout from the French government. As a result, Alstom was compelled to dispose of several of its divisions, including shipbuilding and electrical transmission to Areva , in order to comply with European Union rules on state aid . In 2004, Alstom remained in financial difficulties, having incurred massive unexpected costs (€4 billion) arising from
4982-680: The company signed a letter of agreement to purchase the transportation division of the financially struggling Bombardier Inc. The purchase was finalized in January 2021. Alsthom was founded in 1928 from the merger of French heavy engineering subsidiary of the Thomson-Houston Electric Company – the Compagnie Française Thomson Houston, CFTH – and the Société Alsacienne de Constructions Mécaniques . In 1932, Alsthom expanded into transportation by acquiring
5076-460: The company. On 23 January 2018 that company changed its name to Orano. In January 2017, Areva sold its stake in the wind turbine manufacturer Adwen. In March 2017, Areva sold its nuclear propulsion and research reactor subsidiary Areva TA to Agence des Participations de l'Etat . As of 2019 , Areva S.A. is responsible only for the liabilities related to the Olkiluoto 3 project. The reactor, which
5170-703: The development of its tidal energy business, Alstom acquired Tidal Generation Ltd from Rolls-Royce , however this was later sold to GE in 2015 as part of the sale of Alstom's energy business. In November 2013, Alstom announced it planned to raise €1 to €2 billion through sale of some non-core assets, plus the possible sale of a stake in Alstom Transport, and cut 1,300 jobs. In 2014, Alstom sold its steam auxiliary components activities (air preheaters and gas-gas heaters for thermal power, other industrial heat transfer equipment, and grinding mills) to Triton Partners for €730 million. In November 2014 Alstom
5264-466: The diesel locomotive manufacturer Meinfesa to Vossloh , and Alstom Power Rentals to APR LLC. Six years later, Alstom re-acquired the electric power transmission division of Areva. In 2005, the former Metro-Cammell rail vehicle works in Washwood Heath closed. In the same year, Alstom sold its Australian subsidiary, Alstom Transport Australia and New Zealand, to United Group , which became part of
5358-477: The end of the infringement, in January 2004. The parent entities of the Areva group share a joint liability with that subsidiary for the period after its acquisition." "A few months before the cartel ended, Alstom sold the unit involved to Areva, which knew nothing of the cartel. It [Areva] and Alstom have joint liability for 53.6 million, which they must decide how to split." EU Competition Commissioner Neelie Kroes declared that "The commission has put an end to
5452-665: The exploration of uranium ore, its extraction, and processing, as well as the restoration of sites after mine closure. It had staff on five continents and operated uranium production sites in Canada, Kazakhstan, and Niger. As of the end of 2013, the Mining Business Group employed 4,463 people. Uranium production accounted for 19% of Areva's consolidated revenue in 2013. It is now part of Orano. The front end business group provided access to fuel for Areva's customers, and oversees operations to convert uranium into nuclear fuel, including
5546-465: The feasibility of a storage solution for solar energy using hydrogen technologies, which would serve as a back-up system to stabilize Corsica's power grid. In 2014, Areva's energy storage and management system, the Greenergy Box, was added to the existing installation, in operation since early 2013. In January 2014, Areva and Spain's wind turbine manufacturer Gamesa Corporación Tecnológica created on
5640-502: The first 1300 MW generator set for the Paluel Nuclear Power Plant , setting a world record with an output of 1500 MW. In 1978, Alsthom delivered its first TGV to SNCF . The TGV went on to break world rail speed records in 1981 (at 380 kilometres per hour (240 mph)) and in 1990 (at 515.3 kilometres per hour (320.2 mph)). It also set the world endurance record for high-speed train lines in 2001, travelling
5734-491: The hydrogen field through partnerships with a number of industrial companies and national research organizations including Agence Nationale de la Recherche , the Horizon Hydrogen Energy (H2E) program, PAN-H ( Plan d'Action National sur l'Hydrogène et les piles à combustible ) and Pôle Capenergies, an innovation cluster dedicated to the development of renewable forms of energy without greenhouse gas emissions. Areva
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#17328555797415828-537: The latter's UGL Rail division. Alstom would restart its manufacturing operations in Australia by the early 2010s. In 2006, Alstom sold its Marine Division to the Norwegian group Aker Yards , with a commitment to retain 25% of the shares until 2010; it also sold Alstom Power Conversion, which became Converteam , in a leveraged buy-out deal funded by Barclays Private Equity France SAS. In June 2006, Bouygues acquired
5922-501: The maintenance and existence of settlements" and "the use of natural resources, in particular water and land , for business purposes". On 5 July 2021, Norway 's largest pension fund KLP said it would divest from Alstom together with 15 other business entities implicated in the UN report for their links to Israeli settlements in the occupied West Bank. On 24 April 2014, unconfirmed reports claimed that US conglomerate General Electric (GE)
6016-554: The marine market. Alstom's share price had dropped by 90% over two years. European competition commission law required Alstom to sell several of its subsidiaries, including its shipbuilding and electrical transmission assets, when it accepted a €3.2 billion rescue plan involving the French state. In 2004, the French state took a 21% stake in Alstom for €772 million and Alstom received an EU-approved bailout worth in total €2.5 billion. The company sold its electrical transmission and distribution ("grid") activities to Areva ,
6110-400: The privatization process. In 2003, Areva secured a contract for the Olkiluoto 3 project, which foresaw construction of the third generation EPR -type pressurised water reactor . In 2004 a contracted fixed price was established as €3.2 billion. Construction started in 2005. In 2004, Areva acquired Alstom 's transmission and distribution activities, which became Areva T&D. It
6204-442: The proposed merger with Siemens. On 6 February 2019, the planned merger between the two companies was vetoed by the European Commission. In response to this ruling, Alstom's Chief Executive Officer Henri Poupart-Lafarge stated that he viewed the decision to block the merger was a result of "ideological prejudices". In mid-February 2020, Alstom announced that it had signed a Memorandum of Agreement to buy Bombardier Transportation ,
6298-551: The region since 2008. The army says it is conducting further operations to neutralize the remaining armed rebels in the region of Bakouma. In May 2013, the company's uranium mine in Niger was damaged and one civilian was killed in an Al-Qaeda -linked suicide bomb attack. The mine reached full production again in August 2013. In November 2009, Greenpeace released a report indicating that two villages near Areva's mining operations in Niger had dangerously high levels of radiation. In January 2014, Al Jazeera produced Orphans of
6392-524: The requirements for forging to resume at Le Creusot Forge. In August 2017 ASN published a draft decision requiring the examination of Le Creusot Forge manufacturing records of all components during scheduled reactor refuelling outages. In June 2016 Areva's restructuring plans were made public, including the sale of the majority of its reactor business to EDF in 2017, excluding the Olkiluoto 3 EPR under construction in Finland which will remain with Areva SA. In December 2017, Areva and EDF signed agreements on
6486-416: The sale of Areva NP to EDF. In 2017, the sale of Areva TA was finalized and in January 2018, so was that of Areva NP, while New Areva was rebranded Orano; these developments marked the end of the Areva group. Areva was created on 3 April 2001 by the merger of Framatome (later: Areva NP, now: Framatome), Cogema (later: Areva NC, now: Orano Cycle ) and Technicatome (later: Areva TA, now: Technicatome). It
6580-630: The sale of GE's rail signalling unit to Alstom. On 20 June, Siemens and MHI modified their bid, with MHI increasing its stake in Alstom's steam, hydro, and grid businesses to 40% in all three (total €3.9 billion) while Siemens increased its offer by €400 million to €4.3 billion. Subsequently, Economy minister Arnaud Montebourg stated he would block both bids, but the French government backed GE's offer and had given GE more specifications on commitments and guarantees; it also intended to buy two-thirds of Bouygues' shareholding (20%). The next day, Alstom's board backed GE's revised bid. On 22 June,
6674-421: The security of the civil nuclear sector, and on job commitments made by Alstom Wind , whilst making its wind activities available to investors. On 30 April, Alstom confirmed that an offer for its power and grid divisions (representing an equity value of €12.35 billion, €11.4 billion enterprise value ) was under review with key interests including the French state. On 30 April, GE confirmed it had made
6768-536: The site of mining company Areva". According to the report the army successfully repelled the attack, but "the enemy did some material damage and pulled back while taking a sizeable quantity mainly of food with them." The Areva group issued no immediate statement regarding the attack. Central African military sources believe that the attack was organized by members of the Chadian rebel group Popular Front for Recovery (FPR) led by 'General' Baba Ladde, which has been active in
6862-762: The state to veto the takeover of "strategic interests" into areas of energy supply, water, transport, telecoms and public health. Both the French employer organisation MEDEF and the European Commissioner for Internal Market and Services ( Michel Barnier ) responded negatively to the decree. On 16 June, Siemens and Mitsubishi Heavy Industries (MHI) submitted a competing offer for Siemens to acquire Alstom's gas turbine activities for €3.9 billion while MHI would form joint ventures with Alstom, acquiring 40%, 20% and 20% stakes in Alstom's steam and nuclear, electrical grid, and hydroelectric businesses respectively, for €3.1 billion. The proposal included an offer to buy
6956-415: The transfer of Areva NP's nuclear reactor operations. As part of the restructuring plan, Areva created a new fuel cycle company, dubbed as New Co or New Areva. The new company combined Areva Mines, Areva NC , Areva Projects, and Areva Business Support companies. It was created as a wholly owned subsidiary of Areva; however, Areva lost control over the company as the French government invested to recapitalize
7050-527: The two companies. Areva also holds of 40% stake in Orano. Areva was a company with a presence in each industrial activity linked to nuclear energy: mining , chemistry, enrichment, fuel assembly, reprocessing, engineering, nuclear propulsion and reactors, treatment, recycling, stabilization and dismantling. Areva also offered technological solutions for renewable energy. Areva's activities were divided into five business groups. The mining business group managed
7144-490: Was "geopolitically irresponsible". The German government also denounced the agreement. On 24 June 2012, an armed group assaulted a uranium plant operated by Areva at Bakouma in the southeast of the Central African Republic . A statement by the military described that "a violent clash on Sunday afternoon pitted" Central African troops against "an unidentified group of armed men attempting to launch an assault on
7238-563: Was a French multinational group specializing in nuclear power , active between 2001 and 2018. It was 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 , in which
7332-565: Was announced that Amtrak would award Alstom a contract for $ 2.5 billion for the next generation high-speed train sets for the Northeast Corridor . This would result in the creation of 750 jobs across upstate New York with 400 direct manufacturing jobs at Alstom. The order for 28 Avelia Liberty trainsets was officially confirmed in August 2016 by Amtrak. These trainsets are manufactured at Alstom's plant in Hornell, New York . In March 2016,
7426-591: Was awarded a $ 429.4 million contract to modernise 85 trains for the Mexico City Metro system. Starting in 2009, Alstom's practices were questioned by the United States Department of Justice (DOJ), which violated the 1977 Foreign Corrupt Practices Act . This American law has extraterritorial scope. At the time, Alstom seemed to cooperate with the proceedings. In 2010, the DOJ opened an investigation into Alstom's commercial practices, focusing on
7520-430: Was based on the structure of its precursor, CEA-Industrie. Anne Lauvergeon became its first CEO. Jean-Pierre Raffarin , the former Prime Minister of France , announced the privatization of Areva in 2003, but it was postponed several times, the French government opting finally for the privatization of GDF and EDF. At the end of October 2005, French Prime Minister Dominique de Villepin announced that he had suspended
7614-401: Was facing a financial crisis caused by a mix of poor sales and over $ 5 billion of debt liabilities. It reportedly had the potential to force the company's liquidation. These heavy debts were largely due to a $ 4 billion charge over a design flaw in a turbine developed by ABB , acquired by Alstom in 2000, as well as the collapse of customer Renaissance Cruises amid a general downturn in
7708-500: Was finalised on 2 November 2015; the final valuation being €12.4 billion, of which €9.7 billion was transferred to Alstom, the remainder being reinvested in GE/Alstom joint ventures plus other corrections. The acquired businesses were reorganised within GE's existing power generation business ( GE Power & Water ) as GE Power . The remainder of Alstom Group, including GE Signalling (acquired via
7802-584: Was formed by a merger between the electric engineering division of Société Alsacienne de Constructions Mécaniques (Als) and Compagnie Française Thomson-Houston (thom) in 1928. Significant acquisitions later included the Constructions Électriques de France (1932), shipbuilder Chantiers de l'Atlantique (1976), and parts of ACEC (late-1980s). A merger with parts of the British General Electric Company formed GEC Alsthom in 1989. Throughout
7896-535: Was formed from a 50–50 merger of Alsthom and the Power Systems Division of the British General Electric Company ; for Alsthom this move was intended to aid Alsthom in selling its products outside the French market. In May of that year GEC Alsthom bought British rail vehicle manufacturer Metro-Cammell . During the early-1990s, GEC Alsthom was the principal manufacturer of the British Rail Class 373 ,
7990-481: Was in acquisition talks with Alstom for $ 13 billion with the support of 29%-shareholder Bouygues, causing Alstom's share price to rise 18% in one day. On 27 April, Le Figaro reported that a rival 'cash plus asset swap' offer was issued by Siemens , trading Alstom's power business for part of its rail arm, plus a cash offer as good as GE's and job guarantees. Siemens' bid was reportedly promoted by French economic minister Arnaud Montebourg . Siemens and Alstom had
8084-531: Was involved in military technology , such as designing the nuclear reactor for the French Barracuda class submarine . One of Areva's subsidiaries, Euriware (founded in 1991) was specialized in consulting and IT services and employs 2,200 people. Areva also owned 1.99% of Safran and 1.4% of Suez Environnement . CERCA, a subsidiary of Areva that produces fuel for research reactors, was also involved in TRIGA ,
8178-525: Was later cancelled. Also in 2008, Areva was awarded an operations contract to clean up the Sellafield nuclear reprocessing site as part of the Nuclear Management Partners consortium, made up of URS, Amec and Areva. In June 2008, Areva reached an agreement with Kazatomprom to create a joint-venture Katco. On 4 February 2009, Areva signed a memorandum to supply two to six nuclear reactors to
8272-486: Was listed on the Paris Stock Exchange ; both GEC and Alcatel elected to sell off part of their stakes (23.6% each). Around this time, the company was officially renamed Alstom . In 1999, Alstom bought half of ABB 's power systems division, forming a 50-50 joint company known as ABB Alstom Power. Alstom also bought Canada's Télécité, a passenger information and security solutions company, and sold its heavy-duty gas turbine business to General Electric . The next year,
8366-539: Was sold back to Alstom and Schneider Electric in June 2010. On 15 September 2005, Areva and Constellation Energy of Baltimore announced a joint venture called UniStar Nuclear to market the commercial EPR in the United States. The joint venture later became UniStar Nuclear Energy in 2007. In 2010, EDF acquired 100% of UniStar Nuclear Energy. However these plans failed to come to fruition, and in February 2015 Areva suspended
8460-420: Was sold to Ansaldo Energia , and GE agreed to sell Alstom's rail signalling business. The deal was finalised in November 2015; since then, Alstom has been operating solely in the rail sector. In an attempt to grow its rail business, in late-2017, Alstom announced a proposed merger with Siemens Mobility . However, in February 2019, the European Commission prohibited the merger. Subsequently, in February 2020,
8554-569: Was sold to the Agence des participations de l'État and its nuclear cycle business was reorganized into a separate company New Areva (becoming Orano ). A new holding, Areva S.A., was also created to act as a hive-off vehicle for Areva's ongoing “at-risk” activities, including the completion and delivery of the Olkiluoto 3 in Finland , execution of Areva's remaining renewable energy projects, and finalization of
8648-423: Was started involving a progressive programme of reactor shutdowns. This caused power price increases in Europe as France increased electricity imports, especially from Germany, to augment supply. In December 2016 international inspectors found evidence of recent doctored paperwork, which had not been detected by Areva's independent quality control checks. In April 2017 Autorité de sûreté nucléaire (ASN) published
8742-524: Was to cease locomotive manufacturing at its Belfort (France) site by 2018 due to low orders; remaining production activity was to be transferred to its facility of Alstom DDF in Reichshoffen , Alsace . However, during October 2016, the French state placed an order of about €650 million for 15 TGV Euroduplex trains; an order for 20 locomotives; plus an order for 30 intercity trains to be built at Reichshoffen. Together, these orders were sufficient to prevent
8836-464: Was viewed by some as a measure to counter the rise of rival Chinese rail business CRRC ; it reportedly received support from many figures within both the French and German governments. The transaction, which was originally due to close by the end of 2018, was met with opposition by French trade union officials who voiced their concerns that such a merger would have the potential for job losses. On 17 July 2018, Alstom shareholders overwhelmingly approved
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