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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Areva    AREVA   FR0011027143

AREVA (AREVA)

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AREVA : South Africa Must Consider Nuclear Energy To Meet Demand-Zuma

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04/24/2012 | 05:41pm CEST

South Africa needs to diversify its energy sources and develop a new mix to its current predominantly coal base, that would include more nuclear energy, the country's president said Tuesday.

The country still struggles to meet energy demand, President Jacob Zuma said at the National Council of Provinces, South Africa's upper house of Parliament.

"To meet these needs and to contribute to the global efforts for renewable and sustainable energy, we need to see broad changes to the way we generate energy by developing a diverse energy mix and encouraging investments in alternative energy sources, including nuclear energy," Zuma said.

South Africa plans to start tenders to build 9,600 megawatts of new nuclear power generation capacity, the department of energy has said.

The majority of South Africa's energy production comes from coal-powered plants run by state-backed Eskom Holdings Ltd. The utility says the country's supply and demand balance will be tight in the next few years while it builds two new coal plants.

France's nuclear engineering company Areva SA (AREVA.FR) is said to be interested in a future South African nuclear energy tender. Russia's Nuclear Energy State Corp., or Rosatom, was in South Africa this month to present to government it's nuclear development capabilities.

-By Devon Maylie, Dow Jones Newswires; +27117837848; devon.maylie@dowjones.com

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Financials (€)
Sales 2017 3 960 M
EBIT 2017 533 M
Net income 2017 374 M
Debt 2017 2 377 M
Yield 2017 -
P/E ratio 2017 19,22
P/E ratio 2018 19,22
EV / Sales 2017 1,03x
EV / Sales 2018 1,05x
Capitalization 1 694 M
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Number of Analysts 3
Average target price 5,75 €
Spread / Average Target 30%
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Bernard Fontana President & Chief Executive Officer
Philippe Varin Chairman
Anne-Marie Choho Senior Executive Vice President-Operations Support
Stéphane Lhopiteau Chief Financial Officer
Markus Birkhofer SEVP-Research, Development & Innovation
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