The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Nuclear developers keenly await UK government support for new reactors large and small

Nuclear Developers Dust Off Plans for More Reactors in U.K. Bloomberg,By Rachel Morison, 11 December 2020,
Industry sees shift to allow more reactors to be built
Government is due to release a paper on financing projects.   
Nuclear power developers are refreshing plans for new reactors in the U.K. after speculation that the government could be willing to support building more plants than the industry had been  expecting.

A little-noticed paper issued by the Treasury on Nov. 25 said it is important that the U.K. can “maintain options by pursuing additional large-scale nuclear projects,” assuming they can be done in a cost-effective way. That wording, with a notable plural on the word “projects,” went beyond a recommendation made two years ago that Britain should build only one more major atomic facility.

After years of waiting for a signal, the document was read by nuclear industry executives as evidence that energy policy could be shifting their way. They anticipate the government may soon look more favorably on nuclear after more than a decade of tilting toward renewables. Electricite de France SA, Hitachi Ltd. and China General Nuclear Power Corp. are looking at ways to revive designs that were shelved in the past few years.

Large-scale projects have a bright future in Britain if the government backs a financing model to cut the cost of capital,” said Tom Greatrex, chief executive officer of the Nuclear Industry Association. “There are a number of viable sites.

For its part, government insists its policy on nuclear hasn’t changed — even with all the debate about exiting the European Union. It’s allowing EDF to seek planning permission for the Sizewell plant in east England, but ministers have been quiet about what, if any, further plants might win favor.……

China’s Bid

One of the biggest question marks is whether China will be able to move ahead with a long-planned reactor in the U.K. despite a political chill toward investment from that nation. Under pressure from the U.S., the government has clamped down on the spread of 5G mobile technology from Huawei Technologies Ltd.

China General Nuclear’s Chief Executive Officer Rob Davies said the company is willing to self-finance the Bradwell B project in southeast England. His remark suggests the company would take a market power price for electricity sold from the plant, a break from EDF’s move at Hinkley Point to secure a long-term contract before moving ahead.

The project would be a Chinese-designed reactor, called HPR1000. It would showcase the nation’s technical skill in Europe. Davies said CGN is committed to nuclear development in the U.K. regardless of the political winds.

We plan to maintain our support for Hinkley Point C, to help Sizewell C to reach a Final Investment Decision, to complete the general design assessment for the HPR1000 and to continue with Bradwell. That’s our plan and that’s our offer to the U.K. And we’ll self finance,” he said at an industry event this month.Hitachi in Wales

The CEO of Hitachi Ltd.’s Horizon Nuclear Power Ltd. subsidiary said he’s lining up a project for the Wylfa site in Wales. His remark is an indication that the project may still be revived even after Hitachi exited it in September after failing to agree on financing.EDF’s Work in Moorside

In June, EDF revamped plans for the Moorside site in Cumbria that Toshiba Corp. pulled out of in 2018. The proposed Clean Energy Hub includes a large nuclear plant, the same design as Hinkley Point and Sizewell, small modular reactors and advanced modular reactors…….

Not all of these projects will be built. In the U.K., EDF is building the Hinkley Point C nuclear plant in Somerset and next in line is the Sizewell site in Essex northeast of London. The government is keen on small modular reactors that are quicker [?} to build and cheaper [?]. If it gets enough of those, there may not be a need for any more large scale stations. That’s what policy makers will hope to avoid tying themselves into. ……

December 12, 2020 - Posted by | politics, UK

1 Comment »

  1. The nuclearnuts ,racist nuts , anti vax nuts, war monger nuts, antiantibiotic nuts all have a screw loose. Selfish . many greedguts, some psychotically insane, emotionally twisted.followers unable to think critically and last and dangerously silly

    Comment by Marco | December 12, 2020 | Reply

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: