nuclear-news

Big push for nuclear in italy

Energy Collective by Dan Yurman on 09/16/2009″…………Italy is moving to build eight new nuclear reactors after earlier this year overturning a two-decade old ban on them………
by the end of the next decade, Italy will have built two of four 1,600 MW Areva EPRs and three of four 1,200 MW Westinghouse AP1000s for a total of 11 GWe of power……………….

Italy launches new nuclear utility venture

French and Italian utilities have formed a new, joint venture which will raise billions of dollars to fund eight new nuclear power stations. Italy’s Enel will team with France’s EDF to form Sviluppo Nucleare Italia which translates loosely as “we build nukes in Italy.”

To fund the venture, Enel will raise $14.3 billion and EDF will raise an additional $4.7 billion for a total of $19 billion to kick off construction of 11 GWe of nuclear power. At $3,000 Kw, that’s enough to pay for two EPRs and three AP1000s.

Italy’s second largest utility Edison sPa has committed to taking a 15-20% stake in the Enel/EDF joint venture. CEO Umberto Quadino told Reuters Sept 4 this would equal his firm’s national market share of Italian electricity customers which is about 17%.

The massive financial commitment comes less than a month following a change in Italian law that overturns a two decade ban on new nuclear power plants. By 2030 the country could generate up to 25% of its electricity from nuclear reactors.

Italy advances, Germany falters, on nuclear energy futures

September 17, 2009 - Posted by Christina Macpherson | 1, business and costs, Italy | antinuclear, nuclear, nuclear costs, radioactive, uranium