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Trump administration wants $716 billion for defense for fiscal 2019

Why the military wants $716 billion from Congress,The Hill , The Trump administration is poised to ask Congress for $716 billion for defense for fiscal 2019, a major hike that budget analysts say aligns with administration’s stated goals of bulking up the military and preparing it to potentially fight near-peer rivals after years of focusing on terrorism.

February 5, 2018 Posted by | business and costs, USA, weapons and war | Leave a comment

Costs of France’s Flamville nuclear power project have exploded, and delays ballooned

Le Parisien 3rd Feb 2018, [Machine Translation] EPR Flamanville: four questions on an industrial
disaster. Seven years late and a quote that has tripled in ten years: the
site of the EPR Flamanville Friday received the visit of Sébastien
Lecornu, Secretary of State Nicolas Hulot.

Started in April 2007, the EPR was to cost € 3.3 billion and enter service in 2012. Except that the site
has accumulated the setbacks, the highlight of which was in April 2015,
after the discovery by the ASN of a anomaly in the steel of the lid and
bottom of the reactor vessel. In June 2017, EDF obtained authorization from
the ASN to operate the tank, but confidence in EPR technology has been
eroded. The bill exploded: around € 11 billion.
http://www.leparisien.fr/economie/epr-de-flamanville-quatre-questions-sur-une-catastrophe-industrielle-03-02-2018-7538637.php

February 5, 2018 Posted by | business and costs, France, technology | Leave a comment

Divestment from nuclear weapons funds – one strong move to reduce danger of nuclear war

Global Voices: Citizens can help reduce risk of nuclear conflict http://www.timescolonist.com/life/global-voices-citizens-can-help-reduce-risk-of-nuclear-conflict-1.23163769, Marc and Craig Kielburger / .FEBRUARY 4, 2018 

Marzhan Nurzhan has a mission. The 25-year-old from Kazakhstan is rallying global youth to tackle one of the biggest threats to her generation. But time may be running out.

On Jan. 25, partly in response to North Korea’s recent weapons tests, international scientists moved the hands of the “Doomsday Clock” — a symbolic gauge that measures the risk of nuclear war — to 11:58. It’s the closest to midnight we’ve been since 1953.

Midnight represents Armageddon.

Nurzhan has been an international advocate for nuclear disarmament ever since she learned of the impact nuclear weapons had on her country. Two million Kazakhstanis still suffer cancer and birth defects, the fallout from decades of Soviet weapons tests.

While many international organizations are active on nuclear disarmament, advocates such as Nurzhan face a major challenge getting ordinary people engaged, especially youth.

During the Cold War, public demonstrations against nuclear arms were common. Today, not so much. Increased threats haven’t increased public interest, says Nurzhan.

Rob van Riet, peace and disarmament co-ordinator for the World Future Council, says: “[Nuclear disarmament] feels too large for a lot of people and they feel powerless.”

Issues such as climate change are daunting, but tangible. Ordinary citizens can contact politicians, demanding policies that reduce emissions.

More importantly, people have at least some control over their household energy use. But making superpowers give up their huge arsenals, let alone influencing a rogue state such as North Korea, seems unattainable.

Still, Nurzhan and Van Riet insist ordinary people can help reduce the global risk of nuclear conflict.

A powerful tool is divestment. The U.S., Russia and China want to upgrade their aging nuclear arsenals, and develop new types of smaller weapons that could be used on the battlefield. The companies that build parts for those bombs are supported by investors such as pension funds, and even our personal RRSP funds.

We can pressure investors to drop these companies from their portfolios, pushing them to get out of the bomb business.

Canada is uniquely positioned to be a leader in nuclear disarmament. As climate change makes Arctic waters more accessible to submarines, Russia and the US increasingly see the north as a key part of their nuclear strategy, according to van Riet.

As a respected Arctic nation, Canada could lead the campaign to make the region a nuclear-free zone.

Likewise, with public pressure, Canada could play a diplomatic leadership role and insist that all nuclear states follow the example of China and India and declare a “no first use” policy.

This would reduce the risk of conventional conflicts escalating into nuclear war.

But if Canada is to be that leader, we have to make it a priority for our government. Prime Minister Justin Trudeau has been conducting town halls across the country — a great opportunity to raise the issue, notes Douglas Roach, a former Canadian senator and Ambassador for Nuclear Disarmament.

“If he’s not hearing from people, he’s going to think people don’t care.”

The Cold War might be a distant memory, but its terrifying ghost still haunts us.

It’s time for us to engage again on nuclear disarmament.

The clock is ticking.

Craig and Marc Kielburger are the co-founders of the WE movement, which includes WE Charity ME to WE Social Enterprise and WE Day. For more dispatches from WE, check out WE Stories.

February 5, 2018 Posted by | 2 WORLD, business and costs, weapons and war | Leave a comment

The woes of Australian uranium company Paladin – 98% of shares transferred to creditors

Paladin to return to ASX, most shares in hands of creditors http://www.miningweekly.com/article/paladin-to-return-to-asx-most-shares-in-hands-of-creditors-2018-02-02/rep_id:3650 2ND FEBRUARY 2018 BY: MARIAAN WEBB CREAMER MEDIA SENIOR RESEARCHER AND DEPUTY EDITOR ONLINE JOHANNESBURG (miningweekly.com) – Uranium miner Paladin Energy will apply for its securities to be reinstated to official quotation on the ASX, the Australia-based company said on Friday, announcing the completion of its restructuring and the appointment of two new directors.

With the deed of company arrangement (DOCA) effected, deed administrators have retired and the day-to-day management and control of Paladin has reverted to the company’s directors. The two new board appointments are iCobalt MD David Riekie and former interim CEO and MD of Atlas Iron Daniel Harris.

The DOCA was put forward to the administrators of Paladinby a group of the company’s unsecured bondholders, known as the Ad Hoc Committee. The DOCA’s key terms included the debt-for-equity swap, the raising of $115-million pursuant to the issue of a high-yield secured note and the reinstatement of Paladin to trade on the ASX.

In terms of the DOCA, 98% of Paladin’s shares have been transferred to creditors and other investors and only 2% are retained by shareholders. If a shareholder held 10 000 Paladin shares before the restructuring, they will now hold 200 shares.

Creditors all agreed to a restructuring proposal in December, although major creditor Electricité de France (EDF) previously said that it may seek to have the DOCA terminated.

Paladin appointed administrators in July last year after the company was unable to agree a delay to the repayment of $277-million it owed EDF.

On Wednesday, Paladin published its quarterly activities reports for the June, September and December quarters, as well as its June 2017 annual report.

The most recent quarter’s results show that the Langer Heinrich mine, in Namibia, produced 873 107 lb of uranium oxide (U3O8), up 4% on the prior quarter. Sales were at 1.24-million U3O8 at an average selling price of $22.39/lb.

The Kayelekera mine, in Malawi, remains under care and maintenance.

February 5, 2018 Posted by | AUSTRALIA, business and costs, Uranium | Leave a comment

The continuing collapse of the nuclear industry in USA

More Premature Nuclear Unit Retirements Loom, Power Magazine, 02/01/2018 | Sonal Patel  Two more U.S. nuclear power plants are facing early retirement, joining a string of generators whose fate was determined by market conditions, political pressure, or financial stresses assailing the sector. Several others may be poised to join them.

The 647-MW Duane Arnold nuclear plant in Palo, Iowa, will likely close in 2025 after a current contract with the facility’s primary customer expires, said NextEra Energy Resources’ chief financial officer, John Ketchum, in a fourth-quarter earnings call on January 26.

“Without a contract extension, we will likely close the facility at the end of 2025 despite being licensed to operate until 2034,” Ketchum said. “As a result, during the fourth quarter, Duane Arnold’s book value and asset retirement obligation were reviewed, and an after-tax impairment of $258 million was recorded that reflects our belief it is unlikely the project will operate after 2025.” Ketchum added, however, that NextEra will continue to pursue a contract extension.

On the same day, the Toledo Blade reported that FirstEnergy Corp.’s Davis-Besse nuclear plant in Oak Harbor, Ohio, is headed for premature closure, citing James Pearson, the company’s chief financial officer. Pearson told the newspaper that no date has been set for the closure of Davis-Besse. He also reportedly said that the outlook for the company’s Perry plant in Ohio and twin-reactor Beaver Valley nuclear plant in Pennsylvania is “bleak.”   FirstEnergy is intent on exiting its competitive business, but though the company may want to sell the plants, they are “probably impossible to sell in today’s market,” he reportedly said.

A Critical Condition  The plants join a series of generators recently stricken by financial pressure primarily by competition from cheap natural gas, expanding renewable capacity, and lethargic power demand growth.

Throughout the short history of the U.S. nuclear power sector, 31 reactors licensed to operate have been permanently shut down—11 between 1960 and 1980; four in the 1980s; and nine in the 1990s. The recent streak began in 2010—12 years after the nation’s last reactor, Millstone 1 in Waterford, Connecticut, had been shut down in 1998—as Exelon announced it would shutter its Oyster Creek plant in New Jersey by 2019 owing to economic conditions and changing environmental regulations. In February 2013, Duke Energy (then Progress Energy) retired its Crystal River reactor in Florida, unable to repair damage to the containment structure. A string of casualties then ensued, as Kewaunee in Wisconsin was closed in May 2013; two units at San Onofre in California were formally shuttered in June 2013; Vermont Yankee in Vermont was shut down in December 2014; and Fort Calhoun in Nebraska closed its doors in October 2016. Other units slated for near-term shutdown include Pilgrim in Massachusetts and Palisades in Michigan. (For more, see, “THE BIG PICTURE: Nuclear Retirements.”)

Early retirement has also been proposed for Clinton and Quad Cities in Illinois and for Nine Mile Point, Fitzpatrick, and Ginna in New York—but their fate appears dependent on the outcome of legal challenges to “bailout” programs to keep those plants operating for economic reasons. The states’ measures are being legally challenged by several independent power producers—including Dynegy, Eastern Generation, NRG Energy, and Calpine Corp.—and, prominently, competitive power producer trade group the Electric Power Supply Association. The consortium has long argued that the state rules interfere with Federal Energy Regulatory Commission (FERC) jurisdiction over wholesale electric rates and unlawfully interfere with interstate commerce………..

Earlier in January, California regulators approved Pacific Gas & Electric’s application to retire the Diablo Canyon plant by 2025, following a protracted battle over the generating station that pitted local economic interests against environmentalists and other opponents of nuclear power. In New York, political pressure combined with economic misgivings, also prompted plans to shut down Indian Point by 2021.

A Swath of Other Reactors May Be Troubled  According to a September 2017 report from the Idaho National Laboratory (INL), several more nuclear plants are likely to retire early, stymied by an “ongoing industry wide, systemic economic and financial challenge to operating nuclear plants particularly in the deregulated markets.”

A revenue gap analysis conducted by the national laboratory for 79 of 99 operational reactors that are in a region where public wholesale electricity market prices are available suggests that 63 units would have lost money in 2016. Of those 63, 36 are merchant generators, 19 are regulated, and eight are public power generators.

INL suggests that among plants at high risk of early retirement are Davis-Besse, Three Mile Island in Pennsylvania, and Xcel Energy’s Prairie Island in Minnesota.

A number of studies separately suggest similar findings. ……..http://www.powermag.com/more-premature-nuclear-unit-retirements-loom/

February 3, 2018 Posted by | business and costs, USA | Leave a comment

Nuclear firm Westinghouse owes them $111 billion, claim creditors

Creditors claim Westinghouse owes them $111 billion. Westinghouse says it’s closer to $9 billion.  http://www.post-gazette.com/powersource/companies/2018/01/30/Creditors-claim-Westinghouse-owes-them-111-billion-Westinghouse-says-it-s-closer-to-9-billion/stories/201801300149   ANYA LITVAK    alitvak@post-gazette.com  Westinghouse Electric Co. has released the details of how its $4.6 billion sale to Brookfield Business Partners will trickle down to the thousands of companies and individuals that say they are owed money by the nuclear firm.

In line with what the company previous disclosed in bankruptcy court earlier this month, it seems that the largest chunk of the money will go to a group of hedge funds led by Boston-based Baupost Group.

According to a document filed on Monday, the Cranberry-based firm disclosed that nearly 2,400 claims totaling $111 billion have been filed against the company.

But it believes less than $9 billion will be allowed by the court. Of that, vendors, suppliers, employees and contractors who filed $6 billion in claims will likely get between $775 million and $1.16 billion, the company estimated.

The plan, which has the approval of Westinghouse, Toshiba, the unsecured creditors committee, and the Pension Benefit Guaranty Corp., must now be voted on by the unsecured creditors by March 15.

Anya Litvak: alitvak@post-gazette.com or 412-263-1455.

February 3, 2018 Posted by | business and costs, USA | Leave a comment

Following multibillion-dollar nuclear fiasco, Santee Cooper to drop ‘ridiculous’ perk for executives

Santee Cooper to drop ‘ridiculous’ perk for executives after nuclear fiasco http://www.thestate.com/news/politics-government/article197923979.html  , BY AVERY G. WILKSawilks@thestate.com,  February 01, 201

February 3, 2018 Posted by | business and costs, USA | Leave a comment

Oyster Creek nuclear power station to close ahead of schedule

Nuclear plant to close ahead of schedule, Washington Examiner,  by John Siciliano |     One of the oldest nuclear power plants in the country will be shutting down more than a year ahead of schedule.

Exelon, the largest nuclear utility in the country, said Friday that it would shut down the Oyster Creek power station in New Jersey in October, more than a year ahead of schedule.

The power plant decided to close early, even though it is licensed by the federal government to provide electricity through 2029. The early closure stems from costly regulations in New Jersey requiring it to install new cooling towers.

Exelon entered into an agreement with the state’s environmental regulators in 2010 to phase out the plant’s operations, after it decided that it could not justify the cost of meeting the new water cooling rules. It instead agreed to a planned phaseout in which it would close the plant in December 2019.

But on Friday, things changed, and now the company wants to close the plant more than a year earlier than under the agreement with the state. It explained that the shutdown decision was made to help employees in finding new employment, while dealing with higher maintenance cost and lower prices for electricity……….

Environmentalists and other staunch opponents of nuclear power plants welcomed the decision, pointing out that the Oyster Creek plant is the same design as the one that experienced multiple reactor core meltdowns and explosions during the 2011 Fukushima disaster in Japan.

The Oyster Creek plant is the “first and the oldest Fukushima-design nuclear reactor in the world,” a General Electric model called the Mark I, said the anti-nuclear energy group Beyond Nuclear in reacting to Exelon’s new closure timeline.

“It’s clear that Oyster Creek and the entire, aging U.S. nuclear reactor fleet is hemorrhaging financially,” said Paul Gunter, the head of the group’s reactor oversight program. “The fact that the U.S. Nuclear Regulatory Commission and the nuclear industry continue to prioritize financial margins over public safety margins is a growing concern, especially at the remaining 29 Fukushima style reactors still operating in the U.S.”  http://www.washingtonexaminer.com/nuclear-plant-to-close-ahead-of-schedule/article/2647965

 

February 3, 2018 Posted by | business and costs, USA | Leave a comment

China reorganising its nuclear companies in order to export nuclear technology

China goes nuclear with latest state-brokered power deal, Josephine Mason, David Stanway
BEIJING (Reuters) 2 Feb 18, –
 China National Nuclear Corp (CNNC), China’s No. 2 nuclear power producer, will take over the country’s top nuclear power plant builder to create a company worth almost $100 billion, the latest state-orchestrated marriage in the nation’s vast power sector. 

Approval for the tie-up between CNNC and China Nuclear Engineering & Construction (CNEC) was announced by the State-Owned Assets Supervision and Administration Commission (SASAC) on Wednesday in a one-line statement posted on its website…….

Beijing wants to overhaul its nuclear sector in order to create globally competitive firms and reduce overcapacity across its broader power market. The nuclear industry is struggling with project delays and a slowdown in approvals for new domestic projects.

By creating a unified home-brand series of reactors, and combining firms, China will be better positioned to bid for and finance overseas projects, experts say.

Both companies have built nuclear plants overseas, including in Pakistan, and developing Chinese nuclear technology abroad is a key goal of China’s Belt and Road initiative…… https://www.reuters.com/article/us-china-power-nuclear/china-goes-nuclear-with-latest-state-brokered-power-deal-idUSKBN1FK0S4

February 3, 2018 Posted by | business and costs, China, marketing | Leave a comment

Not feasible to keep Belgium’s nuclear power stations going – new study finds

Study casts doubts on feasibility of keeping nuclear plants going http://www.brusselstimes.com/business/technology/10206/study-casts-doubts-on-feasibility-of-keeping-nuclear-plants-going, Jason Bennett, 01 February 2018   A new study by the Energyville research centre casts doubts on the financial soundness of further extending the life of Belgium’s nuclear plants, ‘Le Soir’ and ‘De Standaard’ dailies reported on Thursday.

The study is, in fact, an updated version of a report done last year at the request of Febeliec, the Belgian federation of large electricity consumers. Greenpeace asked the research centre, which links the Catholic University of Leuven and the University of Hasselt, to modify two initial parameters: the price of gas, which is lower than expected, and the availability of nuclear reactors.

The nuclear plants are scheduled to close in 2025. In that case, the annual cost of Belgium’s electricity system will be 5.415 billion euros in 2030, three times more than the current cost. If the two most recent reactors are kept working until 2035, the cost would drop to 5.130 billion euros.

On the other hand, by 2040, the two scenarios would amount to roughly the same cost, about 7.19 billion euros, with just a difference of about two million euros between them.

According to Jan Vande Putte, an energy expert at Greenpeace, prolonging nuclear generation merely postpones the required investments in replacement capacity.

 

February 3, 2018 Posted by | business and costs, EUROPE | Leave a comment

Britain’s new nuclear build – a profitable “golden era” for China’s State-owned nuclear companies

Xinhuanet 1st Feb 2018, China General Nuclear Power Corporation (CGN), a major Chinese nuclear
power operator, said Wednesday that nuclear projects in Britain were
proceeding well. He Yu, chairman of the board of CGN, said since the deals
were inked in 2016 with French energy company EDF and the British
government, CGN has invested 1.7 billion British pounds in order to advance
the projects. CGN signed agreements in 2016 for Hinkley Point C (HPC), a
nuclear project in Somerset, and a suite of agreements relating to the
Sizewell C (SZC) in eastern England and Bradwell B projects (BRB) in Essex.
“A total of 15 Chinese suppliers and contractors have passed a preliminary
qualification assessment for the HPC project,” He said. “HPC, which is
Britain’s first new nuclear power station in a generation, is the largest
construction in Europe.”
http://www.xinhuanet.com/english/2018-02/01/c_136940068.htm

Reuters 31st Jan 2018, Notable Chinese investments in Britain include the Hinkley C nuclear power
station which is being built by China General Nuclear Power Corp and the
British arm of France’s EDF (EDF.PA), while British firms, such as Rolls
Royce (RR.L), have won large deals from Chinese firms to supply items like
plane engines. Both May and senior Chinese officials have restated their
commitment to the “golden era” in ties but a row over May’s decision
to delay approval for the Chinese-funded Hinkley nuclear plant in late 2016
chilled relations. However, Britain was the first Western country to sign
up to the China-backed Asian Infrastructure Investment Bank and it sent
Finance Minister Philip Hammond to a Beijing summit last year about
President Xi Jinping’s flagship ‘Belt and Road Initiative’ – a
trillion-dollar infrastructure-led push to build a modern Silk Road.
https://www.reuters.com/article/us-china-britain/chinas-li-says-ties-with-britain-to-stay-unchanged-through-brexit-idUSKBN1FK023

February 3, 2018 Posted by | business and costs, China, marketing, politics international, UK | Leave a comment

The dangerous job of specialist scuba divers hauling radioactive trash out of Sizewell nuclear fuel storage pond

NDA 1st Feb 2018, Specialist scuba divers are plumbing new depths to haul radioactive waste
out of the nuclear fuel storage pond at Sizewell A. The team of American
underwater experts tackled their first UK ‘nuclear dive’ at Dungeness A
in 2016 where, wearing full protective suits and shielded from radiation by
the water, they were able to cut up empty fuel storage skips and retrieve
other pieces of submerged equipment.

The ponds were used to store thousands
of used nuclear fuel rods, held in metal skips, after they were discharged
from the reactors. After the last of the fuel was transported to Sellafield
for reprocessing, the skips and a range of redundant items, including
sludge, were left behind in the water.

Pond clean-out conventionally takes
place using remotely operated equipment to lift the whole radioactive skips
clear of the water, exposing them to the air, where they are carefully cut
up before decontamination, storage and eventual disposal. This process is
slow with potential radiation dose risks for workers. By doing the work
under water, the divers can cut up the skips more safely, access awkward
areas more easily, making the whole process safer, faster and more
productive.
https://www.gov.uk/government/news/diving-into-innovation-at-sizewell

February 3, 2018 Posted by | employment, UK, wastes | Leave a comment

Nuclear power in crisis: we are entering the Era of Nuclear Decommissioning

 Energy Post,  by Jim Green    Nuclear power is in crisis ‒ as even the most strident nuclear enthusiasts acknowledge ‒ and it is likely that a new era is fast emerging, writes Jim Green, editor of the Nuclear Monitor newsletter. After a growth spurt from the 1960s to the ’90s, then 20 years of stagnation, the Era of Nuclear Decommissioning is upon us. Article courtesy Nuclear Monitor.

Last year was supposed to be a good year for nuclear power ‒ the peak of a mini-renaissance resulting from a large number of reactor construction starts in the three years before the Fukushima disaster. The World Nuclear Association (WNA) anticipated 19 reactor grid connections (start-ups) in 2017 but in fact there were only four start-ups (Chasnupp-4 in Pakistan; Fuqing-4, Yangjiang-4 and Tianwan-3 in China).

The four start-ups were outnumbered by five permanent shut-downs (Kori-1 in South Korea; Oskashamn-1 in Sweden; Gundremmingen-B in Germany; Ohi 1 and 2 in Japan).

The WNA’s estimate for reactor start-ups in 2017 was hopelessly wrong but, for what it’s worth, here are the Association’s projections for start-ups in the coming years:

2018‒19: 30
2020‒21: 12
2022‒23: 9
2024‒25: 2

Thus ‒ notwithstanding the low number of start-ups in 2017 ‒ the mini-renaissance that gathered steam in the three years before the Fukushima disaster probably has two or three years to run. Beyond that, it’s near-impossible to see start-ups outpacing closures.

New nuclear capacity of 3.3 gigawatts (GW) in 2017 was outweighed by lost capacity of 4.6 GW. Over the past 20 years, there has been modest growth (12.6%, 44 GW) in global nuclear power capacity if reactors currently in long-term outage are included. However, including those reactors ‒ in particular idle reactors in Japan, many of which will never restart ‒ in the count of ‘operable’ or ‘operational’ or ‘operating’ reactors is, as former WNA executive Steve Kidd states, “misleading” and “clearly ridiculous”.

There would need to be an average of 10 reactor start-ups (10 GW) per year just to maintain current capacity. The industry will have to run hard just to stand still

The World Nuclear Industry Status Report (WNISR) excludes reactors in long-term outage ‒ defined as reactors that produced zero power in the previous calendar year and in the first half of the current calendar year ‒ from its count of operating reactors. Thirty-six reactors are currently in long-term outage, 31 of them in Japan.

Excluding reactors in long-term outage, the number of reactors has declined by 29 over the past 20 years, while capacity has grown by a negligible 1.4% (5 GW). Over the past decade, the reactor count is down by 34 and capacity is down by 9.5% (19 GW).

The industry faces severe problems, not least the ageing of the global reactor fleet. The average age of the reactor fleet continues to rise, and by mid-2017 stood at 29.3 years; over half have operated for 31 years or more.

The International Energy Agency expects a “wave of retirements of ageing nuclear reactors” and an “unprecedented rate of decommissioning” ‒ almost 200 reactor shut-downs between 2014 and 2040. The International Atomic Energy Agency anticipates 320 GW of retirements by 2050 ‒ in other words, there would need to be an average of 10 reactor start-ups (10 GW) per year just to maintain current capacity. The industry will have to run hard just to stand still.

………Renewables (24.5% of global generation) generate more than twice as much electricity as nuclear power (<10.5%) and the gap is growing rapidly. The International Energy Agency  predicts renewable energy capacity growth of 43% (920 GW) from 2017 to 2022. Overall, the share of renewables in power generation will reach 30% in 2022 according to the IEA. By then, nuclear’s share will be around 10% and renewables will be out-generating nuclear by a factor of three.

A disastrous year for the nuclear industry

Last year was “all in all a disastrous year” for the nuclear power industry according to Energy Post Weekly editor Karel Beckman. Nuclear lobbyists issued any number of warnings about nuclear power’s “rapidly accelerating crisis“, a “crisis that threatens the death of nuclear energy in the West“, “the crisis that the nuclear industry is presently facing in developed countries“, the “ashes of today’s dying industry”, and noting that “the industry is on life support in the United States and other developed economies“.

Lobbyists engaged each other in heated arguments over possible solutions to nuclear power’s crisis ‒ in a nutshell, some favour industry consolidation while others think innovation is essential, all of them think that taxpayer subsidies need to be massively increased, and none of them are interested in the tedious work of building public support by strengthening nuclear safety and regulatory standards, strengthening the safeguards system, etc.

One indication of the industry’s desperation has been the recent willingness of industry bodies (such as the US Nuclear Energy Institute) and supporters (such as former US energy secretary Ernest Moniz) to openly acknowledge the connections between nuclear power and weapons, and using those connections as an argument for increased taxpayer subsidies for nuclear power and the broader ‘civil’ nuclear fuel cycle. The power/weapons connections are also evident with Saudi Arabia’s plan to introduce nuclear power and the regime’s pursuit of a weapons capability……….

The only nuclear industry that is booming is decommissioning ‒ the World Nuclear Association anticipates US$111 billion worth of decommissioning projects to 2035………… http://energypost.eu/nuclear-power-in-crisis-welcome-to-the-era-of-nuclear-decommissioning/

 

February 2, 2018 Posted by | 2 WORLD, business and costs | Leave a comment

Russia’s pension funds for elderly – used to pay for building Finland’s nuclear power plant

“Finland’s Pyhäjoki nuclear plant takes our pension money”    While four million elderly Russians live below the poverty line, the country’s pension fund pays for Rosatom-backed nuclear plant in northern-Finland. «Deeply unfair,» says Oleg Bodrov from the closed town of Sosnovy Bor near St. Petersburg.   Barents Observer By  Thomas Nilsen, January 29, 2018

February 2, 2018 Posted by | business and costs, Finland, politics, Russia | Leave a comment

EDF’s plan to eventually shut down nuclear reactors in France

Reuters 30th Jan 2018, French utility EDF has proposed to start shutting down some reactors from
2029 onwards as part of France’s long-term energy plan which aims to
reduce the share of atomic power in its electricity mix, said the head of
EDF’s nuclear power arm.

The government has started discussions with
non-governmental organisations (NGOs) and energy specialists and companies
over France’s future energy mix, and the first draft of the
“multi-annual energy plan” (PPE) is expected by the end of June.

Philippe Sasseigne – who heads up the nuclear power part of EDF – told
journalists that as part of that discussion, the company was proposing to
shut down more reactors from 2029. EDF, which operates France’s 58
nuclear reactors, will halt its Fessenhiem nuclear plant once it starts
production at the Flamanville 3 nuclear reactor under construction.
https://af.reuters.com/article/commoditiesNews/idAFP6N1IH00N

February 2, 2018 Posted by | business and costs, France | 1 Comment