natgillin/translations-raw huggingface dataset:
Measures to limit distortions of competition will usually take the form of structural measures although, in particular cases, the Commission may accept behavioural measures or market opening measures in place of some or all of the structural measures that would otherwise be required.
Za vsako pogodbo o gorivu, sklenjeno v okviru projektov […], je skupina Areva lahko pridobila pogodbe za večje količine in daljše trajanje, kot bi jih lahko sklenila, če družba Areva NP ne bi bila načrtovalec in graditelj jedrskega reaktorja.
Point 78 of the Guidelines states that structural measures ‘should take place in particular in the market or markets where the undertaking will have a significant market position after restructuring, in particular those where there is significant excess capacity’.
Primerjava projektov […] (kjer je družba Areva NP zgradila elektrarno) s projektom v zvezi z reaktorjem, ki ga je zgradila družba […], v zvezi s tem omogoča jasen vpogled.
However, measures taken to limit distortions of competition must not undermine the beneficiary's prospects of restoring viability, or harm competition, the consumer or the market structure.
Tako je skupina Areva sklenila pogodbo za izpolnitev le […] % potreb po gorivu reaktorja, ki ga je zgradila družba […], za le […] let, čeprav ima pogodbe za oskrbo z gorivom za […].
Finally, point 84 of the Guidelines defines the behavioural measures that must be applied in all cases, to avoid undermining the effects of structural measures.
V zvezi s tem odprodaja dejavnosti skupine Nouvel Areva NP močno vpliva na dejavnosti družbe Nouvel Areva.
In their notification of 29 April 2016, the French authorities presented the divestment programme implemented by the Areva Group as an adequate compensatory measure.
Urenco zmanjšuje vrednost svoje sinergije […].
The Commission took the view in the opening decision that most of the planned divestments [51] could not be considered adequate compensatory measures because they were not on a similar scale as the effect of the aid on the company [52], and because they were not related to markets on which New Areva will be active after the restructuring.
Komisija ugotavlja, da se večina reaktorjev zdaj gradi v državah, kot sta Rusija in Kitajska, kjer je trg večinoma zaprt za zahodne proizvajalce jedrskih elektrarn.
The Commission's position on this point has not changed.
Komisija ugotavlja tudi, da je zlasti po nesreči v Fukušimi čedalje manj projektov v zvezi z novimi jedrskimi reaktorji.
This position did not relate to the divestment of the reactors business, the scale of which was recognised by the Commission in the opening decision: by separating from New Areva NP, the restructured Areva Group cut off a substantial portion of its business, accounting for one third of the assets and nearly half of the pre-restructuring turnover of the Areva Group.
Vendar še vedno ostaja določeno število projektov, ki imajo dobre možnosti za uresničitev in za katere je družba Nouvel Areva NP dobro umeščena.
Nonetheless, the Commission had concerns about the competitive effects of this divestment and whether they were sufficient to reduce the distortions of competition generated by the aid.
Gre predvsem za projekte v okviru projektov, ki jih je v preteklosti izvajala družba Areva NP: […].
In the light of the Guidelines, the Commission believes that these concerns should be addressed by answering the following three questions:
Družba Nouvel Areva NP bi se lahko potegovala tudi za projekte […].
Is New Areva NP a ‘loss-making activity [the divestment of which] would at any rate be necessary to restore long-term viability’ of the Areva Group, within the meaning of point 78 of the Guidelines?
Če želi družba Nouvel Areva NP v svojo ponudbo za reaktor vključiti oskrbo z obogatenim materialom, lahko pri vseh teh projektih sodeluje z dobaviteljem obogatenega materiala po lastni izbiri, pri čemer spodbuja konkurenco med potencialnimi dobavitelji z vidika močnega pritiska na cene pri takšnih razpisih.
Will the end of the integration between the reactors and fuel businesses have a real impact, mainly as a result of the lost synergies, on the Areva Group's competitiveness on ‘the market or markets where [it] will have a significant market position after restructuring’, i.e. on New Areva's markets, as specified by point 78 of the Guidelines?
Res je, da so te možnosti bolj srednjeročne in dolgoročne.
Are additional measures liable to lead to a deterioration in the structure of the market, contrary to what is required by point 80 of the Guidelines?
Vendar so industrijski cikli na jedrskem trgu izjemno dolgi in zdi se utemeljeno, da Komisija upošteva izgubo sinergije, ki ima srednjeročne in dolgoročne učinke.
With regard to the first question in recital 334, the Commission notes that the reactors business has been the source of substantial losses for the Areva Group in recent years, as described in recitals 17 and 21.
Francoski organi so tudi jasno dokazali, da obstaja močna sinergija med dejavnostjo, povezano z reaktorji, in dejavnostmi konca gorivnega cikla, pri čemer bosta imeli družbi Nouvel Areva in Nouvel Areva NP v prihodnosti le malo možnosti, da obnovita to sinergijo.
It must therefore be determined if these losses are structural in nature and if they would continue to restrict the profitability of the Areva Group if the divested business were to remain within the Group.
Srednjeročno in dolgoročno je zmogljivost družbe Nouvel Areva za razvoj prodaje storitev obdelave in recikliranja za izvoz odvisna od tega, ali na trgu obstaja nabor lahkovodnih reaktorjev, ki lahko delujejo z gorivnimi elementi MOX, torej reaktorjev z gorivom MOX.
Unlike the difficulties encountered by the fuel-cycle business, those suffered by the reactors business were not mainly caused by the post-Fukushima downturn.
Gorivo MOX samo po sebi ni zamenljivo s klasičnim gorivom: reaktor, za katerega je namenjeno gorivo MOX, mora biti vnaprej zasnovan ali prilagojen za sprejem te vrste goriva.
These losses are mainly associated with a limited number of major industrial projects, primarily OL3, the risks of which were mostly idiosyncratic.
V tem smislu je dejavnost, povezana z gorivom MOX, skupine Areva neposredno odvisna od jedrskega parka z reaktorji z gorivom MOX po svetu.
These major projects consisted of the first plants of a new type of reactor technology (EPR).
Kljub temu družba Nouvel Areva NP […].
It is common for the first plants of a new type of technology to suffer larger losses, since subsequent projects benefit from the experience acquired.
[…] družba Nouvel Areva NP je odgovorna za njihovo trženje.
However, OL3, as well as Flamanville 3 and Taishan 1 and 2, are scheduled to be finished by the end of 2018.
[…] francoski organi so razložili, da je bila situacija drugačna, ko je bila skupina Areva integrirana, zato ker je takrat imela zmogljivosti, da hkrati povrne maržo za dejavnosti proizvodnje goriva MOX ter dejavnosti zasnove in gradnje reaktorjev ter trženja gorivnih elementov.
This will allow future new reactor projects (Hinkley Point C and potentially others in the longer term) to benefit from a wealth of experience.
Če bi bila družba Areva NP odgovorna za trženje goriva, kot bo v prihodnosti družba Nouvel Areva NP, bi bila pod okriljem družbe Areva SA […].
New Areva NP's Major Projects business will therefore be less risky than in the past.
[…], oceno možnosti za dolgoročno rast na področju goriva MOX ([…]) je torej treba znižati.
Alongside the Major Projects business, New Areva NP will own other businesses such as installed base services (maintenance) and the supply of fuel assemblies.
Vseeno se z vsako zamenjavo v razpisu, pri kateri se reaktor, ki ne deluje z gorivom MOX, zamenja s projektom v zvezi z reaktorjem z gorivom MOX, ustrezno zmanjša povpraševanje po storitvah družbe Nouvel Areva ter posledično poveča povpraševanje po klasičnem gorivu, pri čemer družba Nouvel Areva konkurira z drugimi akterji, kot je družba Urenco.
These businesses are less risky than the Major Projects business and provide a healthy source of positive cash flow for New Areva NP, with average EBIDTA margins of around [0-30] % and [0-30] % respectively [53].
Na splošno družbi Nouvel Areva in Nouvel Areva NP vstopita v odnos stranka/dobavitelj za storitve, ki so bile do takrat v okviru družbe, kar bi lahko povzročilo negativne posledice za obe družbi, Nouvel Areva NP in Nouvel Areva.
The business sold to EDF (New Areva NP) will include all activities currently held by Areva NP, minus the liabilities accumulated through a number of very specific major industrial projects which generated significant losses in the past [54].
Ta utemeljitev velja predvsem za logistične postopke, ki jih bo težje optimizirati.
Taking this business scope into account, New Areva NP is not a structurally loss-making company.
Francoski organi so predložili naslednji primer.
Firstly, its Major Projects business is less risky now that the first plants OL3, Taishan 1 and 2 and Flamanville 3 have […].
Naravni uran ostaja v lasti ponudnika elektrike, ki ga je pridobil, ta pa nato zaupa pretvorbo in obogatitev ter nato proizvodnjo gorivnih elementov izbranim dobaviteljem.
Secondly, it benefits from a healthy and robust industrial base, with installed base services and the supply of fuel assemblies.
Obogateni uran zagotovita družba, ki izvaja obogatitev, ali določeni proizvajalec.
The purchase price of EUR 2,5 billion agreed between the Areva Group and EDF is a clear sign that New Areva NP has real profitability prospects and is not structurally loss-making.
Da se omogoči najboljša možna optimizacija logistike, predvsem za dobavo in upravljanje zalog (glede količine in vsebnosti obogatenega urana), družbe, ki izvajajo obogatitev, in proizvajalci gorivnih elementov lahko pogodbeno določijo vse možnosti operacijske optimizacije.
In a counterfactual scenario in which the State aid absorbed some of the past losses anyway but the Areva Group remained integrated on all nuclear markets, the Group could expect additional positive cash flow of around EUR [0-2] billion over the period to 2015-2023 [55], thanks to the contribution from New Areva NP.
Pripadnost isti skupini omogoča razprave in poveča predvideno operativno optimizacijo brez razhajanj v interesih med družbo, ki izvaja obogatitev, in proizvajalcem gorivnih elementov.
In the light of these various elements, New Areva NP does not appear to be a structurally loss-making business which needs to be sold to restore the Areva Group's long-term viability.
Do zdaj je skupina Areva imela korist od te prednosti zaradi dobave znotraj skupine.
On the contrary, this is an adequate compensatory measure, especially since it is structural in nature, in line with point 77 of the Guidelines.
Nasprotno pa je imela na primer družba Areva NC previsoke stroške […], ki jih ni mogla uspešno izpodbijati, saj ni želela razpravljati o nastalih stroških.
In relation to the second question in recital 334, the problem lies with knowing whether or not the vertical integration of the reactors and fuel-cycle businesses is an advantage in the current climate on the nuclear markets.
Glede na navedeno Komisija ugotavlja, da če bi prestrukturirana skupina Areva ohranila integracijo z dejavnostjo, povezano z reaktorji, bi imela velike koristi od te integracije in zlasti njene zmožnosti za oblikovanje ponudb, ki združujejo dejavnosti družb Nouvel Areva NP in Nouvel Areva.
According to Urenco, it is an advantage whose effects are limited to sales of new reactors, […].
V uvodni izjavi 189 sklepa o začetku postopka se je Komisija spraševala o posledicah projekta strateškega partnerstva med družbo EDF in skupino Areva, zlasti v zvezi s ponovnim pogodbenim ustvarjanjem gospodarske sinergije iz preteklosti.
Urenco believes that the existence of non-integrated yet successful operators suggests that integration is not, in any case, an essential factor in the success of a group operating in the nuclear industry.
Družba Urenco je Komisiji predložila svoje pomisleke glede te zadeve.
The French authorities, however, believe that it is a definite advantage that produces effects in all markets relating to the nuclear fuel cycle.
Komisija se strinja, da ima pogodbeno partnerstvo, ki temelji na načelu najboljših prizadevanj, malo možnosti za obnovo sinergije, ki bi bila s kapitalskega vidika tako močna kot sinergija iz integrirane skupine.
First of all, the Commission would point out that the current trend on the nuclear markets is toward vertical integration, including among historically non-integrated companies.
Vseeno bi partnerstvo, ki bi vključevalo obliko privilegiranega gospodarskega sodelovanja, pri čemer bi omejevalo možnosti konkurentov skupine Nouvel Areva za povezovanje z družbo Nouvel Areva NP pri oblikovanju integriranih ponudb, ogrozilo pozitivne učinke odprodaje družbe Nouvel Areva NP na konkurenco.
One of the Areva Group's main competitors, the Russian company Rosatom, is integrated throughout the value chain.
V tem okviru je Komisija seznanjena z zavezo francoskih organov, da v obdobju prestrukturiranja družba Nouvel Areva NP pod nadzorom družbe EDF in družba Nouvel Areva ne skleneta nobenega strateškega partnerstva ali okvirnega sporazuma o gospodarskem sodelovanju, pri katerem bi imela prednost družba Nouvel Areva v primerih, ko bi družba Nouvel Areva NP želela stranki predlagati integrirano ponudbo z dobaviteljem jedrskega materiala.
The Korean nuclear reactor manufacturer KHNP is integrated upstream with a stake in the mining operator Denison and plans to invest in the Imouraren project, while Toshiba/Westinghouse is investing in mines in Kazakhstan.
Ob upoštevanju te zaveze Komisija ugotavlja, da bo lahko družba Nouvel Areva NP svojim strankam prosto predlagala uporabo jedrskega materiala izvajalca, ki ni družba Nouvel Areva.
CNCC, meanwhile, currently only has conversion and enrichment capabilities and a stake in the Langer Heinrich mine in Namibia, run by the mining company Paladin; however, it is seeking a foothold on the fuel assembly market, in order to take advantage of the synergies arising from the integration of these various activities.
Ko bo družba Nouvel Areva morala obnoviti svojo knjigo naročil, se ne bo mogla zanesti na strukturno sinergijo, od katere je imela skupina Areva koristi v preteklosti.
To boost its sales of natural uranium, the Kazakh mining company KAP — which Urenco lists among non-integrated operators — is currently looking to build a fuel assembly plant in cooperation with another operator.
Komisija lahko tako opusti dvom o tej zadevi.
This overall trend, which has not diminished, rather increased in the post-Fukushima climate, applies to major players in the nuclear industry.
V zvezi s tretjim vprašanjem iz uvodne izjave 334 Komisija ugotavlja, da je treba izvesti analizo posameznih trgov in s tem zagotoviti, da na nobenem od trgov, na katerih bo družba Nouvel Areva imela pomemben položaj, ni izkrivljanja konkurence, ki ni v skladu z izravnalnim ukrepom francoskih organov.
In contrast, Urenco's non-integrated model is used by relatively few companies.
Pred pregledom podrobnosti vseh trgov Komisija najprej poudarja, da je zagotovila, da obseg pomoči za skupino Areva ni tako velik, da bi prestrukturirano skupino Areva (v obravnavanem primeru družbo Nouvel Areva) postavil v izredno ugoden finančni položaj glede na njene konkurente.
This shows that the integration of the reactors business (including the manufacture of fuel assemblies) with the fuel cycle business has a number of potential advantages.
Tako je obseg pomoči zadosten, da podjetju omogoči obnovo dolgoročne sposobnosti preživetja, kar pomeni, da lahko znova pridobi oceno „naložbeni razred“ (angl. investment grade).
As regards the nature of these advantages, it is clear to the Commission that an integrated group benefits significantly if its sales force is pooled between the fuel assembly segment, which is where it interacts with its electricity-generator customers, and front end-operations, which are more like commodities for which the suppliers are more or less interchangeable.
Kljub temu bo družba Nouvel Areva še naprej ohranila dolg […].
It is revealing in this regard that [5-10] out of 10 customers of Areva NP (the future New Areva NP) are also customers of Areva NC (the future New Areva).
Predvideno je, da bo v obdobju prestrukturiranja družba Nouvel Areva pridobila finančno oceno […] in ne bo presegla ocene konkurentov, kot je družba Urenco [56].
The French authorities gave the example of the electricity generator […], which launched a call for tenders for the manufacture of fuel assemblies.
Tako družba Nouvel Areva ob zaključku prestrukturiranja ne bo imela koristi od finančne gibčnosti, ki bi bila zelo večja od finančne gibčnosti konkurentov.
Formally, the call for tenders related solely to the manufacture of fuel assemblies, and therefore to an activity included in the future business scope of New Areva NP.
Na rudarskem trgu so na svetovni ravni štirje glavni akterji.
However, […] invited tenderers to improve their bids by including the supply of enriched fissile material — an activity that will be covered by New Areva NP in the future.
Glavni akter je družba KAP, ki ima [0–50]-odstotni tržni delež.
Thanks to its integrated sales force, the Areva Group has in the past been able to include the supply of enriched fissile material in its fuel assembly bids.
Sledi ji družba Cameco, ki poskrbi za [0–50] % svetovne proizvodnje.
In the future, New Areva NP will be able to call upon any supplier of enriched fissile material in this type of situation, instead of New Areva being selected automatically or exclusively; in fact, New Areva NP will have an incentive to place fissile material suppliers in competition, in order to improve the quality of its eventual overall offering.
Skupina Areva in družba Rosatom prek hčerinske družbe AtomEnergoProm posamezno prispevata k svetovni proizvodnji [0–30] % in [0–30] % [57].
This will provide many opportunities for New Areva's competitors, first among which is Urenco.
Družbi KAP in Cameco sta v preteklih letih redno povečevali proizvodnjo in predvideno je, da jo bosta v naslednjih letih ohranjali ali še naprej povečevali.
The benefits of the integration of the reactors and fuel-cycle businesses are also felt when fuel supplies are included with the sale of a new reactor — a point that Urenco does not deny.
Na rudarskem trgu bi lahko zaradi pridobitve dodatnih koncesij od družbe Nouvel Areva (na primer prek dezinvesticij) prišlo do ustvarjanja prednosti za akterje, ki že imajo pomembne položaje na tem koncentriranem trgu, pri čemer bi se ustvarilo tveganje za strukturo trga in varnost oskrbe Unije z uranom.
In practice, the designer and manufacturer of the reactor (currently Areva NP within the Areva Group) almost systematically provides the fuel assemblies for the reactor's initial core, as well as its initial reloads, until the reactor reaches ‘cruising speed’.
Glede na navedeno Komisija ocenjuje, da izravnalni ukrepi, ki dopolnjujejo odprodajo družbe Nouvel Areva NP in zaveze, ki jih je sprejela Francija, na področju rudarstva niso upravičeni.
Reactors are subject to performance guarantees intrinsically linked to the quality of the fuel assemblies, at the very least during the reactor's start up and power ramp-up phases.
Na področju pretvorbe so prisotni štirje glavni akterji: Rosatom/TVEL (s tržnim deležem [0–50] %), Cameco (s tržnim deležem [0–50] %), Conver Dyn (s tržnim deležem [0–50] %) in skupina Areva (s tržnim deležem [0–50] %) [58].
To ensure complete control over the quality of the fuel assemblies and therefore the performance of the reactor, the reactor supplier provides the electricity generator, its customer, with fuel assemblies corresponding to the reactor's initial core and initial reloads.
Prisotna je tudi kitajska skupina CNNC, vendar zdaj deluje le na kitajskem trgu.
For their part, electricity generators prefer to have a single partner whom they can call upon or hold liable in case there are any difficulties in the crucial reactor start-up and power ramp-up phases.
Skupina Areva je edina evropska družba za pretvorbo, odkar se je zaprl obrat SFL v Združenem kraljestvu.
TVO, for example, has emphasised […].
Dejavnost pretvorbe je del dejavnosti […].
The supply model combining fuel assemblies for the reactor's initial core and initial reloads is therefore preferred by many customers, as confirmed by […].
Vsi dodatni ukrepi, ki bi prispevali k oslabitvi skupine Areva pri tej dejavnosti, bi lahko okrepili že oligopolno strukturo trga in ogrozili sposobnost preživetja tega ključnega člena gorivnega cikla, pri katerem bo družba Nouvel Areva edini evropski akter.
This centralised supply model is becoming more widespread, since many potential customers are buying nuclear technology for the first time.
Zato Komisija ocenjuje, da izravnalni ukrepi, ki dopolnjujejo odprodajo družbe Nouvel Areva NP in zaveze, ki jih je sprejela Francija, na področju pretvorbe niso upravičeni.
As they do not have large dedicated teams, they much prefer to source from a single supplier that can, on its own, meet all of their needs in terms of both front-end products and services and fuel assemblies.
Tržni delež skupine Areva na svetovnem trgu obogatitve urana je bil leta 2014 okoli [0–30] %, tržna deleža njenih glavnih dveh konkurentov, družb Rosatom/Tenex in Urenco, pa sta bila večja od [0–50] % [59].
The contracts concluded along these lines therefore encompass more than just the initial core and initial reloads, and are often even of a longer duration than those applying to currently operational reactors.
Družba Urenco je Komisiji predložila svoje pomisleke glede izkrivljanja konkurence zaradi pomoči za prestrukturiranje na trgu obogatitve.
This is the case, for example, of […].
Pomisleke ima predvsem glede (i) domnevne finančne gibčnosti družbe Nouvel Areva glede na njene konkurente, ki niso prejemniki pomoči, (ii) tveganja, da bi družba EDF, ki je ključna stranka družbe Urenco, pri izpolnjevanju svojih potreb po obogatenem uranu dala prednost družbi Nouvel Areva, (iii) povečanja presežne zmogljivosti na evropskem trgu obogatitve, predvsem če bi družba Nouvel Areva povečala zmogljivosti svojega obrata Georges Besse II ali bi razvila trgovanje s storitvami obogatitve, (iv) ohranjanja oziroma okrepitve dejavnosti v zvezi z gorivom MOX, ki je konkurenčno klasičnemu gorivu družbe Urenco, čeprav družba Urenco meni, da je manj konkurenčno.
A supplier of front-end products and services working alongside a supplier of fuel assemblies and reactors therefore has a competitive advantage.
Komisija je že uvodni izjavi 368 pokazala, da družba Nouvel Areva po prestrukturiranju ne bo v boljšem finančnem položaju kot družba Urenco.
When selling reactors, the Areva Group currently includes the initial core and initial reloads, as well as subsequent reloads where requested by the customer (typically, […]).
Ta pomislek je zato neutemeljen.
In concrete terms, including the sale of fuel assemblies in new reactor projects in this way benefits the Areva Group's front-end activities (which will be acquired by New Areva) in three ways:
Komisija ne vidi nobenega tveganja, da bi družba EDF spodbujala družbo Nouvel Areva v škodo družbe Urenco v zvezi z njeno oskrbo z obogatenim materialom.
given that, previously, Areva NP had systematically used the Areva Group's uranium and conversion and enrichment services to meet this demand, these solutions helped secure higher sales volumes for uranium, conversion and enrichment;
Prvič, med družbo Nouvel Areva NP pod nadzorom družbe EDF in družbo Nouvel Areva ni nobene kapitalske povezave, ki bi upravičila trditev, da družba EDF spodbuja družbo Nouvel Areva glede na njene konkurente.