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Latest in the AREVA nuclear soap opera: Areva to pay Finland’s TVO 450 mln euros

 Le Monde 10th March 2018, [Machine Translation] EPR: epilogue of the Finnish soap opera Areva. The nuclear group will pay hundreds of millions of euros in penalties for the
delay of ten years in the Olkiluoto reactor project.
http://www.lemonde.fr/economie/article/2018/03/10/epr-areva-en-passe-de-solder-son-lourd-contentieux-finlandais-avec-tvo_5268784_3234.html

Areva to pay Finland’s TVO 450 mln euros over nuclear reactor dispute https://www.reuters.com/article/tvo-areva-olkiluoto-settlement/areva-to-pay-finlands-tvo-450-mln-euros-over-nuclear-reactor-dispute-idUSL8N1QT0N1  Reuters Staff  HELSINKI, March 11 (Reuters) – Finnish utility Teollisuuden Voima (TVO) said on Sunday it had agreed a settlement with French nuclear company Areva and Germany’s Siemens in the long-running dispute over cost overruns and delays on their EPR nuclear reactor project.

Areva-Siemens will pay TVO compensation of 450 million euros ($553.73 million), the Finnish company said in a statement.

TVO and Areva-Siemens were claiming billions of euros from each other due to the delays in the Olkiluoto 3 reactor project in southwest Finland. Its start was postponed last year to May 2019 – a decade later than planned.

$1 = 0.8127 euros Reporting by Tuomas Forsell

March 12, 2018 Posted by | business and costs, Finland, France, Legal | Leave a comment

Eon, Germany’s giant energy utility to buy Innogy, the renewable energy business

FT 10th March 2018, Eon, the German utility, is in advanced discussions to strike a complex
deal worth more than €20bn to acquire Innogy, the renewable energy
business that was spun out and still majority controlled by Germany’s
RWE.

The deal, which may be announced as soon as Monday evening, will mark
the latest high-profile transaction in the German energy market just months
after Eon sold a minority stake in its former subsidiary Uniper to
Finland’s Fortum for €3.8bn.

A deal to acquire Innogy would be a bold
move for Eon, offering the clearest sign yet that the German utility is
back on the offensive after years of retrenchment and a series of harsh
regulatory blows. The deal comes after both Eon and RWE were hit hard by
the so-called Energiewende.

Germany’s radical shift away from fossil fuels
towards renewables, which put intense pressure on the two group’s core
conventional power operations. Germany’s leading power companies also
suffered another severe setback in 2011, when the government in Berlin
decided to accelerate the phase-out of nuclear power in response to the
Fukushima disaster.
https://www.ft.com/content/f6952a70-24a7-11e8-b27e-cc62a39d57a0

March 12, 2018 Posted by | general | Leave a comment

Still more to be done, to decrease danger risk in USA’s nuclear reactors

US hardens nation’s power plants seven years after Fukushima nuclear disaster, Washington Examiner,   by John Siciliano | Seven years later, all of the nation’s 99 reactors comply with NRC regulations established in the wake of the Fukushima disaster, according to the commission.

However, the reactors that are of the same or similar design to the Japanese Daiichi power plant still have some work to do.

The commission ordered all boiling-water reactors with Mark I and Mark II designs to achieve “full compliance” with new venting requirements beginning at the end of June 2018………..

Lawsuits filed against the Japanese utility company that ran the Daiichi plant will be heard in court later this year.

More than 100 U.S. sailors and servicemen who participated in the rescue effort after the tsunami hit Japan are suing the TEPCO electricity company for not warning them about the threat of radiation after they knew of the damage to the power plant.

“The NRC was not a party to that,” said Burnell, who said the agency has not been requested by the courts to participate.

In 2011, the commission issued warnings to U.S. citizens in Japan about the risk of radiation, directing all citizens who live within 50 miles of the Daiichi plant to evacuate. Japanese authorities downplayed the seriousness of the radiation and refuted the claims made by then-NRC Chairman Gregory Jaczko.

Senior management at the NRC have visited Fukushima and interacted with their Japanese counterparts since then, Burnell said. The NRC and the Energy Department meet regularly with Japanese officials to discuss what happened.  http://www.washingtonexaminer.com/us-hardens-nations-power-plants-seven-years-after-fukushima-nuclear-disaster/article/2651239

 

March 12, 2018 Posted by | safety, USA | Leave a comment

Japan’s Prime Minister Abe spinning propaganda in Fukushima, about 2020 Olympic Games

Abe celebrates Fukushima highway  http://www.the-japan-news.com/news/article/0004295825, March 10, 2018 Fukushima (Jiji Press) — Prime Minister Shinzo Abe attended on Saturday the opening ceremony of a section of a highway in Fukushima Prefecture being promoted as a state project to support reconstruction from the March 2011 disaster.

Referring to the targeted completion of the Soma-Fukushima highway in fiscal 2020, when the Tokyo Olympic and Paralympic Games will be held, Abe said, “I hope people from around the world will use this highway and experience a reconstructed Fukushima.”

Of the 45-kilometer Soma-Fukushima highway, a 17-kilometer section linking the Fukushima cities of Soma and Date opened on Saturday

March 12, 2018 Posted by | Japan, politics | Leave a comment

U.S. mining industry files petitions to overturn prohibition on uranium mining near Grand Canyon

Guardian 10th March 2018, The US mining industry has asked the supreme court to overturn an Obama-era
rule prohibiting the mining of uranium on public lands adjacent to the
Grand Canyon. The National Mining Association (NMA) and the American
Exploration and Mining Association (AEMA) filed petitions on Friday asking
the court to reverse the 2012 ban on new uranium mining claims on more than
1 million acres of public land surrounding Grand Canyon national park.
https://www.theguardian.com/environment/2018/mar/10/grand-canyon-uranium-mining-ban-supreme-court

March 12, 2018 Posted by | Legal, Uranium, USA | Leave a comment