The strategic agreement sealed a few days ago between Siemens (Germany) and Rosatom (Russia) is very bad news for the ‘Europe of energy’.
It is even worse considering that Siemens divorced the French nuclear power plant builder Areva before contracting its new marriage, which aims to create one of the world’s three or four leading companies capable of controlling the entire construction and supply chain for civilian nuclear power plants. Siemens, a minority shareholder in Areva in the days when Germany opted to phase out nuclear power generation, decided to become a major player in the sector when the energy crisis sparked a burgeoning of nuclear projects all over the globe: in China, India, the United States, the United Kingdom, Brazil and a number of Arab states interested in preparing for the post-oil age… Even in Europe, Italy, which had decided by referendum to pull out of nuclear energy, is now trying to make up for lost time. Against this backdrop, there is no question of Siemens being content with the scraps of such a gold mine! After failing to renegotiate a satisfactory new partnership with Areva, the management of the German group did not think twice about teaming up with the Russian public enterprise Rosatom, which has know-how comparable to that of the French firm.
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