atw 2018-02


atw Vol. 63 (2018) | Issue 2 ı February



process is creating a stronger, stable,

and more streamlined global Westinghouse

business, for the benefit of our

customers and employees.”

Brookfield’s acquisition of Westinghouse

is expected to close in the third

quarter of 2018, subject to Bankruptcy

Court approval and customary closing

conditions including, among others,

regulatory approvals. Throughout the

process, Westinghouse will continue

to operate in the ordinary course of

business under its existing senior


PJT Partners is the financial advisor

to Westinghouse, Weil, Gotshal &

Manges LLP is Westinghouse’s legal

counsel, and AlixPartners LLP is Westinghouse’s

turnaround consultant.

| |,


Appointment of the

Framatome Managing Board

(framatome) The Supervisory Board

of Framatome, meeting under the

chairmanship of Jean-Bernard Lévy,

Chairman and CEO of EDF, appointed

Some Questions and Answers About Energy.


1b. False: All leading scenarios predict a rise of the global

energy demand for the next decades (2015 to 2040:

between 10 % to 40 %) mainly driven by the increase

of the population and the growing demand in developing


2b. False: All leading scenarios predict an over proportional rise

of the global electricity demand for the next decades (2015

to 2040: between 60 % to 80 %) mainly driven by the

increase of the population, the growing demand in

developing countries and the today’s poor access to

electricity for about one third of the world’s population.

3b. False: In 2017 the global coal production increased by 2 %

compared with the previous year 2016.

4c. Since 2010 about 11 % of world’s electricity demand is

produced in nuclear power plants.

5b. About 5 % of world’s electricity demand was produced by

wind (4 %) and solar (1 %) in 2017.

6c. United States, with about 6,800 billions of tonnes,

98 % thereof coal; EU about 530 billions of tonnes,

95 % thereof coal

7d. China. The carbon dioxide emission are always twice

the emissions of the USA and three times the emissions

of all 28 EU countries.

8d. Hydropower, 4 to 13 g CO 2 per kWh.

Wind and nuclear: about 8 to 20 g CO 2 per kWh.

Photovoltaics: 35 to 160 g CO 2 per kWh.

9a. Nuclear power, especially small modular reactors

with advanced fuel usage.

10d. Nuclear power. The number of lost lifetime-days per

kilowatt-hour produced from nuclear power is in the range

of wind power and about 5- to 100-times lower than of

every other primary energy source.

11d. The natural radiation caused by Thorium and its decay

products in Guarapari (Monazit area) is up to

10,000-times higher than the radiation from nuclear

reactors in normal operation.

12b. False: There are 448 nuclear power plants in operation

worldwide and 59 under construction. About 120 additional

power plants are planned. Only some plants will be shutdown

in the upcoming year, mainly in the „old“ countries.

Further expansion programmes are under the way e.g. in

China with more than 100 plants to be in operation in the

period 2030 to 2040 and the „Newcomer“ countries in Asia.

Bernard Fontana Chairman of the

Managing Board and Chief Executive


It also appointed Philippe Braidy

Managing Director, member of the

Managing Board.

Bernard Fontana holds a degree in

engineering from the École Polytechnique

and the École Nationale

Supérieure des Techniques Avancées

in Paris. He has 30 years’ experience

in the chemical, steel and building

materials industries (SNPE, Arcelor-

Mittal, APERAM and Holcim).

From February 2012 to September

2015, he served as CEO of Holcim Ltd.

Since September 1, 2015, Bernard

Fontana had been Chief Executive

Officer of AREVA NP.

Philippe Braidy, former Head of

regional and local Development and

network in French Caisse des Dépôts,

has 30 years’ experience as Technical

and Financial Director in public

administrations (French Ministry

of Budget, Prime minister’s office,

CEA…). Up to now he has been

managing the Finance, Strategy/Innovation/Communications,


Risks/Audit, and Information

Systems Functions of AREVA NP.

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Einige Fragen und Antworten zum Thema Energie.

Die Antworten

1b. Falsch: Alle führenden Szenarien prognostizieren einen Anstieg

des globalen Energiebedarfs für die nächsten Jahrzehnte (2015

bis 2040: zwischen 10 % und 40 %), der vor allem durch das

Bevölkerungswachstum und die wachsende Nachfrage an

Energie in den sich entwickelnden Ländern getrieben wird.

2b. Falsch: Alle führenden Szenarien prognostizieren für die nächsten

Jahrzehnte einen überpropor tio nalen Anstieg des weltweiten

Strombedarfs (2015 bis 2040: zwischen 60 % und 80 %), der

vor allem durch das Bevölkerungswachstum, die wachsende

Nachfrage in den sich entwickelnden Ländern und dem heute

fehlenden Zugang zu Elektrizität für etwa ein Drittel der Weltbevölkerung

bedingt ist.

3b. Falsch: Im Jahr 2017 stieg die weltweite Kohle förderung

im Vergleich zum Vorjahr 2016 um 2 %.

4c. Seit 2010 werden rund 11 % des weltweiten Strombedarfs

in Kernkraftwerken erzeugt.

5b. Rund 5 % des weltweiten Strombedarfs wurden 2017

durch Wind (4 %) und Solarenergie (1 %) erzeugt.

6c. USA mit rund 6.800 Mrd. t, davon 98 % Kohle;

EU mit rund 530 Mrd. t, davon 95 % Kohle

7d. China. Die Kohlendioxid-Emissionen sind doppelt so hoch wie

die der USA und dreimal so hoch wie die aller 28 EU-Länder.

8d. Wasserkraft, 4 bis 13 g CO 2 pro kWh.

Wind und Atomkraft: ca. 8 bis 20 g CO 2 pro kWh.

Photovoltaik: 35 bis 160 g CO 2 pro kWh.

9a. Kernkraft, insbesondere kleine modulare Reaktoren

mit fortschrittlichem Brennstoff.

10d. Kernenergie. Die Anzahl der Ausfalltage pro Kilowatt stunde

aus Kernenergie liegt im Bereich der Windkraft und

etwa 5- bis 100-mal niedriger als bei jeder anderen


11d. Die natürliche Strahlung, die Thorium und seine Zerfalls produkte

in Guarapari (Monazit-Gebiet) verursachen, ist bis zu

10.000-mal höher als die Strahlung aus Kernkraftwerken

im Normalbetrieb.

12b. Falsch: Weltweit sind 448 Kernkraftwerke in Betrieb und

59 in Bau; rund 120 weitere Kraftwerke sind geplant.

Nur einige Anlagen werden in den kommenden Jahren

stillgelegt werden, vor allem in den “alten” Ländern.

Weitere Ausbauprogramme werden verfolgt und umgesetzt,

z.B. in China mit mehr als 100 Anlagen, die im Zeitraum

2030 bis 2040 in Betrieb sein werden, sowie in den

“Newcomer”-Ländern Asiens.

Market data

(All information is supplied without


Nuclear Fuel Supply

Market Data

Information in current (nominal)

U.S.-$. No inflation adjustment of

prices on a base year. Separative work

data for the formerly “secondary

market”. Uranium prices [US-$/lb

U 3 O 8 ; 1 lb = 453.53 g; 1 lb U 3 O 8 =

0.385 kg U]. Conversion prices

[US-$/kg U], Separative work

[US-$/SWU (Separative work unit)].

January to December 2013

• Uranium: 34.00–43.50

• Conversion: 9.25–11.50

• Separative work: 98.00–127.00

January to December 2014

• Uranium: 28.10–42.00

• Conversion: 7.25–11.00

• Separative work: 86.00–98.00

January to June 2015

• Uranium: 35.00–39.75

• Conversion: 7.00–9.50

• Separative work: 70.00–92.00

June to December 2015

• Uranium: 35.00–37.45

• Conversion: 6.25–8.00

• Separative work: 58.00–76.00


January to June 2016

• Uranium: 26.50–35.25

• Conversion: 6.25–6.75

• Separative work: 58.00–62.00

July to December 2016

• Uranium: 18.75–27.80

• Conversion: 5.50–6.50

• Separative work: 47.00–62.00


January 2017

• Uranium: 20.25–25.50

• Conversion: 5.50–6.75

• Separative work: 47.00–50.00

February 2017

• Uranium: 23.50–26.50

• Conversion: 5.50–6.75

• Separative work: 48.00–50.00

March 2017

• Uranium: 24.00–26.00

• Conversion: 5.50–6.75

• Separative work: 47.00–50.00

April 2017

• Uranium: 22.50–23.50

• Conversion: 5.00–5.50

• Separative work: 45.50–48.50

May 2017

• Uranium: 19.25–22.75

• Conversion: 5.00–5.50

• Separative work: 42.00–45.00

June 2017

• Uranium: 19.25–20.50

• Conversion: 5.55–5.50

• Separative work: 42.00–43.00


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