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I am sure you have all heard about the problems and delays at the construction site of Finlands fifth nuclear reactor, a 1600 MW EPR being built by Areva and Siemens which will increase the nuclear generation of Finland by 60 %.

You mean, build by France and Germany?

Sorry, can't get over the fact that the debt is partially backed by both state's export agency. Not picking a fight, I promise.

Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine

by UnEstranAvecVueSurMer (holopherne ahem gmail) on Mon Feb 25th, 2008 at 08:03:03 AM EST
Nothing wrong with that, and as we all know, the profitability of capital intensive projects to a high degree depends on the rates on the loans.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Mon Feb 25th, 2008 at 09:06:04 AM EST
[ Parent ]
I agree with Jerome above: government intervention should be clear and transparent. Such a thing makes a mockery of the 'private-industry' theme.

At the end of the day I agree that these are the things that make nuclear power possible, more profitable and safer.

Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine

by UnEstranAvecVueSurMer (holopherne ahem gmail) on Mon Feb 25th, 2008 at 11:03:00 AM EST
[ Parent ]
The Danish export credit agency is also participating to the financing of one my offshore windfarms in the Netherlands. They get a market rate for their participation, but that still probably disqualifies my industry as well, right?

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Feb 25th, 2008 at 09:40:44 AM EST
[ Parent ]
Was that a question for me?

If it was, I have no problems with the Danish export credit agency handing out Danish export credits.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Mon Feb 25th, 2008 at 10:12:42 AM EST
[ Parent ]
I understand that export credit agencies work as guarantors of loans in case the debtors defaults. Such an agency is usually needed when there are political risks.

But are you saying that they are investing in your windfarm?

Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine

by UnEstranAvecVueSurMer (holopherne ahem gmail) on Mon Feb 25th, 2008 at 10:59:08 AM EST
[ Parent ]

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