Luc Oursel

Only last week Washington DC-based think tank Worldwatch Institute released its Vital Signs Online (VSO) report noting that the world’s nuclear power portfolio was quickly shrinking. Now nuclear power companies worldwide are posting numbers that reflect the trend.

Today, French nuclear company AREVA said it expected to post operating losses of about 1.4 to 1.6 billion euros in its 2011 year-end financial report, including a cash flow loss, before tax, of about 1.8 billion euros. In response, the company will present on Tuesday in Paris its “Action 2016,” a strategic action plan for the coming years that is intended to turn the company’s losses into gains. Keep reading →