Areva

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Image:Areva.png

AREVA (Template:Euronext) is a France-based multinational industrial conglomerate that deals in energy, especially in nuclear power. The parent company is incorporated under French law as a société anonyme (public corporation).

Three companies form the core of AREVA:

Areva NP (formerly Framatome ANP) - develops and builds nuclear reactors; Siemens has a 34% stake in Areva NP
Areva NC (formerly Cogema) - covers the whole nuclear fuel cycle, from mining to waste disposal
AREVA T&D: power transmission and distribution

These are major partners of AREVA: Technicatome, Euriware, STMicroelectronics, Eramet, Safran.

Businesswoman Anne Lauvergeon is Chairman of the Executive Board; this is analogous to President and CEO. However, her actions are subject to considerable oversight by both the board of directors and the supervisory board. In 2006, Spencer Abraham, former secretary of Energy, was named director of Areva Inc., the US subsidiary of Areva <ref> See Template:Fr Template:Cite news (also available in Spanish here) </ref>.

In October 2005, AREVA sold FCI (electrical and electronic interconnects) to Bain Capital.

On September 15, 2005 AREVA and Constellation Energy of Baltimore announced a new joint venture, called UniStar Nuclear, that will market the commercial U.S. EPR (Evolutionary Power Reactor).

AREVA has gained some fame after airing 3,000 cel-shaded animation television ad spots on over 32 international channels, including CNN. The ads explained how the generation and distribution of nuclear energy works. The ads showcased the 1980s music of Funkytown.

Areva owns two mines in Arlit, Niger, where it employs 1 600 persons. Although Niger is the third world uranium's exportator, it's population was exposed to famine in 2005. Areva therefore gave 130 000 euros in June 2005 to the alimentary crisis coordination group of Niger, and 120 000 euros in July under the form of two planes loaded with food and set up by Bernard Kouchner's Réussir NGO. According to Le Canard Enchaîné, this aid amounts to 0,05% of the annual 428 millions euros of Areva's benefices <ref> Template:Cite news </ref>.

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