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Construction workers at Hinkley Point C nuclear project reject pay offer, will support industrial action

Bridgwater Mercury 21st Sept 2017, CONSTRUCTION workers at Hinkley Point C have overwhelmingly rejected a
renewed pay offer in the long-standing dispute over pay and bonuses on the
project. Industrial action is now likely after 95 per cent of staff
rejected the new deal from EDF which was understood to be about a five per
cent increase on their gross pay. A worker at the power plant site, who did
not want to be named, expects the same proportion of the workforce will
support industrial action. He said: “Considering it is the biggest
project in Europe strike is an absolute catastrophe”.
http://www.bridgwatermercury.co.uk/news/15550499.Strike_action_at_Hinkley_Point_C_would_be__absolutely_catastrophic___power_plant_worker_says/

September 25, 2017 Posted by | employment, UK | Leave a comment

South Korea’s nuclear phaseout might put a damper on its nuclear export plans

Nuclear phase-out puts burden on S. Korea’s export drive By Kim Eun-jung  SEOUL, Sept. 23 (Yonhap) –– South Korea’s nuclear phase-out policy may create a boom for the renewable energy initiative and allay public safety concerns, but it may also send an unwanted signal to the outside world that could hurt the country’s push to expand into the global atomic power generation market.

Since taking office in May, President Moon Jae-in has scrapped plans for new nuclear power plants and vowed not to extend the life cycles of 24 existing reactors, in a bid to end decades of reliance on the controversial energy source.

The latest move was aimed at addressing safety concerns after the 2011 Fukushima disaster and is in line with actions taken by other advanced economies that are turning to renewable energy sources, including the U.S., France and Germany.

This drastic turn from past administrations’ pro-nuclear policies, however, raises questions over South Korea’s status in the global nuclear market, which has seen spike in competition with the rise of state-backed Russian and Chinese companies in recent years.

Seoul policymakers have pledged continued support for overseas projects separate from its domestic energy policy, but industry insiders worry that less enthusiasm for nuclear power could shrink investment in advanced nuclear technologies and give South Korea less bargaining power on the global stage…….http://english.yonhapnews.co.kr/business/2017/09/22/0503000000AEN20170922008800320.html

September 25, 2017 Posted by | marketing, South Korea | Leave a comment

Trump at UN negotiates big weapons sales to South Korea

Hankyoreh Sep.22,2017  The deal is reportedly set to include nuclear powered submarines

South Korean President Moon Jae-in and US President Donald Trump agreed on Sept. 21 on a plan for South Korea to introduce state-of-the-art US weaponry or develop its own to counter North Korea’s recent nuclear and missile provocations. Later the same day, Moon had a luncheon and trilateral summit with Trump and Japanese Prime Minister Shinzo Abe, where the three agreed that the entire international community “must apply the maximum intensity sanctions and pressure so that North Korea cannot withstand it anymore and must come to the table for dialogue.” ……http://english.hani.co.kr/arti/english_edition/e_northkorea/812155.html

September 23, 2017 Posted by | business and costs, South Korea, USA, weapons and war | Leave a comment

Why is Niger still losing out to Areva?

 Extract-a-fact,  By Quentin Parrinello 18th Sept 2017, In 2014, Niger announced it had successfully renegotiated uranium
extraction contracts with French state-owned company Areva to secure a
greater share of the wealth deriving from their uranium resources.

Three years later, an analysis carried out by Oxfam based on data released by
Areva calls into question the benefits for Niger in the contract
renegotiation.
http://www.extractafact.org/blog/why-is-niger-still-losing-out-to-areva

September 23, 2017 Posted by | business and costs, France, Niger, politics international | Leave a comment

Scana Corp slides, as criminal investigation begins into $21 billion nuclear power project failure

Scana Plunges to Lowest in Almost Two Years on Criminal Probe, Bloomberg, By 

Mark Chediak,  
  • Scana received federal subpoena related to canceled reactors
  • Utility faces questions on how much customers will be billed

Scana Corp. slid to the lowest level in almost two years as the U.S. began a criminal investigation into the $21 billion nuclear power project in South Carolina that the utility owner abandoned two months ago.

 The U.S. Attorney’s office in South Carolina is carrying out a grand jury probe that involves agents at the Federal Bureau of Investigation, a Sept. 7 subpoena disclosed on Friday by Scana’s partner on the nuclear project, Santee Cooper, shows. The government asked for copies of correspondence, notes and reports related to the V.C. Summer nuclear plant, including a study engineering firm Bechtel Corp. drafted last year suggesting Scana was aware of challenges plaguing the project since early last year.
Scana declined on Friday to release the subpoena it had received or comment on the one Santee Cooper disclosed. Shares of the utility owner were down as much as 3.2 percent at $55.33 as of 2:46 p.m. New York time, the lowest since October 2015.

The federal probe and intensifying backlash from South Carolina legislators doesn’t bode well for Scana as the utility owner seeks to recoup billions of dollars it spent on the project from South Carolina’s utility customers. The company’s battle to recover costs may become a flash point in the debate over who should pay for nuclear power projects that have failed to be built across the U.S. in the past decade…….https://www.bloomberg.com/news/articles/2017-09-22/a-failed-21-billion-u-s-nuclear-project-still-haunting-scana

September 23, 2017 Posted by | business and costs, USA | Leave a comment

Sellafield chairman resigns after only half of his 3 year tenure in nuclear decommissioning firm

Sellafield chairman to step down,  The Mail, 22 September 2017

THE boss of a nuclear decommissioning site will be stepping down from his role later this month, sparking a search for his replacement.

Tony Fountain will exchange his role as chair at Sellafield after completing only half of his three year tenure in the plant’s hot seat, in favour of the international company Essar Oil.

Mr Fountain first took up the role in April last year when Sellafield Ltd became a wholly owned subsidiary of the Nuclear Decommissioning Authority (NDA), taking the management of the site away from international consortium Nuclear Management Partners.

Nigel Smith, a senior independent Non-Executive Director with Sellafield Ltd, will cover the role in the interim until a replacement is found by the NDA…..http://www.nwemail.co.uk/news/millom/The-search-begins-for-Sellafields-new-chair-bd0712fa-774a-4beb-8678-43354a273f6a-ds

September 23, 2017 Posted by | business and costs, UK | Leave a comment

More delay for Britain’s Hinkley nuclear project,as labour dispute worsens

Guardian 21st Sept 2017, The UK’s first new nuclear power plant for 20 years could be delayed
again, after trade unions for construction staff working on the £20bn
Hinkley Point C project announced a ballot for strike action in a dispute
over pay. More than 95% of members balloted by GMB and Unite rejected a pay
increase offered by the French energy company EDF and its contractor Bylor
after months of discussions. Any extension of the labour dispute risks
further time and cost overruns for Europe’s largest construction project,
which is already behind schedule and over budget.
https://www.theguardian.com/uk-news/2017/sep/21/hinkley-point-c-fresh-strike-threat-over-pay-dispute-delays

September 23, 2017 Posted by | employment, UK | Leave a comment

Westinghouse’s future ownership shrouded in doubt

FT 17th Sept 2017, Westinghouse will emerge from bankruptcy protection “very soon” but its
future ownership remains shrouded in doubt as Toshiba mulls a potential
sale of its US nuclear business. José Gutiérrez, chief executive of
Westinghouse, said the company “was in a much better situation” than
many people imagined and hoped to emerge from the US Chapter 11 process
once a restructuring plan was agreed “in the next few months”.

However, he acknowledged that Toshiba must first decide what it wants to do with the
company, with options including a sale of the whole business or parts of
it. Toshiba has said it is “actively considering” a sale of
Westinghouse as it battles to prevent the business from dragging down the
rest of the Japanese conglomerate.

Analysts say political barriers will narrow down an already limited field of potential buyers, with Chinese and
Russian companies almost certainly unacceptable to Washington. Europe’s
biggest nuclear companies, Areva and EDF of France, are facing their own
financial turmoil and competitors such as General Electric in the US,
Hitachi in Japan and Kepco in South Korea are not rushing to rescue their
rival.
https://www.ft.com/content/a9bb6e08-9a19-11e7-b83c-9588e51488a0

September 22, 2017 Posted by | business and costs, USA | Leave a comment

China considers rescuing problematic UK Moorside nuclear station project

China mulls Moorside nuclear rescue deal to deepen roots in UK plants http://www.telegraph.co.uk/business/2017/09/19/china-mulls-moorside-nuclear-rescue-deal-deepen-roots-uk-plants/  China’s state-backed nuclear company is hoping to take an equity stake in the troubled £10bn Moorside new nuclear project being developed by debt-hit Toshiba.

The Japanese conglomerate is on the hunt for a project partner to safeguard Europe’s largest planned new nuclear plant after France’s Engie abandoned its support of the venture in the wake of Toshiba’s spiralling financial woes.

China General Nuclear (CGN) confirmed that it is in the running to shore up the 3.8GW project in exchange for an equity share, in a move which would also deepen its stake in the UK’s nuclear ambitions. “We are willing to utilise our experience in nuclear design, construction and operation for more than 30 years to support the development of Britain’s nuclear industry,” CGN confirmed in a statement to Reuters.

CGN joins South Korea’s Kepco which voiced an interest in the project earlier this summer.

The South Korean state-backed utility has harboured an interest in Moorside since 2013, but said it would want to use its own nuclear design rather than one made by Toshiba’s Westinghouse nuclear business.

Westinghouse plunged into Chapter 11 bankruptcy in the US earlier this year after amassing losses of $9bn (£6.6bn) for Toshiba due to a string of struggling US projects.The deal would hand CGN access to a fourth nuclear project in the UK. It has already teamed up with EDF Energy to finance a third of the Hinkley Point C project and a fifth of its Sizewell B nuclear plans.

 In the future CGN also plans to lead the plans to build the Bradwell C nuclear plant in Essex with a 66pc stake in the venture.

At Moorside CGN is also likely to want to use its own reactor design, in order to prove its mettle to other prospective new markets. However, it will take at least four years before CGN’s reactor design could be approved by the nuclear authority for use in the UK.

A lengthy approval process would also be required of a Kepco reactor design which could derail the 2025 start date by at least two years in a further blow to the UK’s new nuclear ambitions.

EDF admitted earlier this year that the start-up date for Hinkley Point C is likely to be two years later than first thought at 2027 and pile a further €1bn (£870m) to €3bn euros on to the construction costs of the £18bn project.

The delays to new nuclear projects raises questions over the UK’s energy supplies in the middle of the next decade. More than two thirds of the country’s power generation capacity will have retired between 2010 and 2030.

September 22, 2017 Posted by | China, marketing, UK | Leave a comment

Nuclear power industry in terminal decline, as renewables get ever cheaper and more effective

Renewable Energy Industry Hotting Up as World Goes Cold on Nuclear Power https://sputniknews.com/environment/201709151057423093-nuclear-energy-industry-decline/Nuclear power is on its way out the world over, with its global share of energy generation declining and construction of just one new nuclear reactor being undertaken in 2017. Renewable energy seems poised to take its place as the energy source of the future.

Nuclear power is in a state of terminal decline, with construction of just one new nuclear reactor being undertaken in 2017, according to the World Nuclear Industry Report, an annual study of the sector that analyzes data on capacity, production and construction of nuclear reactors around the world.

Once vaunted as the future of energy production, nuclear power has suffered an unceremonious fall from grace since the 1960s — to the point the report suggests it will be phased out entirely in due course.

The number of nuclear reactors under construction has diminished for the fourth consecutive year, falling from 68 in 2013 to 53 in 2017 — and the report’s authors suspect projects are often ongoing purely because of uncertainty and inertia in the industry.

Russia and the US shut down reactorsin 2016, while Sweden and South Korea both closed their oldest units in the first half of 2017. There are 37 reactor constructions behind schedule, of which 19 reported further delays over the past year — eight projects have been under construction for a decade or more, of which three for over 30 years. In January, there were 17 reactors scheduled for startup before the end of the years, although as of mid-2017, but two of these units had started up and 11 were delayed until at least 2018.

The industry’s financial crisis may play a role in the failure of projects to get off the ground on schedule — after the discovery of massive losses over its nuclear construction projects, Toshiba filed for bankruptcy of its US subsidiary Westinghouse, the largest nuclear power builder in history, and industry giant AREVA has accumulated US$12.3 billion in losses since 2011.

Nonetheless, nuclear power’s global share of electricity generation has only declined meagerly (-0.2 percent), to 10.5 percent in 2017, with five countries producing 70 percent of total nuclear energy in the world — although in 1996, this figure stood at 18 percent. The two largest producers, the US and France, account for half total production.

By contrast, wind power output grew by 16 percent and solar by 30 percent in 2016. Wind power increased generation by 132 TWh, solar by 77 TWh, respectively 3.8 times and 2.2 times more than nuclear’s 35 TWh. Renewables represented 62 percent of global power generating capacity additions, and rnewable energy auctions achieved record low prices at and below US$30/ MWh in Chile, Mexico, Morocco, United Arab Emirates, and the US. Average generating costs of amortized nuclear power plants in the US were US$35.5 in 2015.

The fall in costs for renewable energies has attracted significant investment, with over US$240 billion  invested in renewable energies compared to only about US$10 billion in the nuclear sector.

Look East

Nonetheless, the report highlights that China is a notable exception to the overall anti-nuclear trend — in 2016, the world’s nuclear production increased by 1.4 percent due to a 23 percent increase in Beijing’s production, and China is “the only country” to persist in building a “significant number” of nuclear reactors. Of the world’s remaining nuclear reactors under construction, 20 are sited in China, although 11 are behind schedule.

Still, the Chinese exception could also be nearing its end, given in 2017 no nuclear reactor was built in the country, although the report acknowledges it’s “too early” to draw concrete conclusions.

The two biggest issues with nuclear energy are set-up costs for production, and dealing with resultant waste. Every few years, a portion of a nuclear power station’s spent fuel — composed of uranium that failed to fission, the products of fission, and plutonium — is removed from the reactor to be stored in water, which both cools it and blocks its radiation. This decay can take up to hundreds of thousands of years, however.

September 16, 2017 Posted by | 2 WORLD, business and costs | Leave a comment

About The World Nuclear Industry Status Report 2017

World Nuclear Industry Status Report 12th Sept 2017, The World Nuclear Industry Status Report 2017 (WNISR2017) provides a comprehensive overview of nuclear power plant data, including information
on operation, production and construction. The WNISR assesses the status of
new-build programs in current nuclear countries as well as in potential
newcomer countries.

The WNISR2017 edition includes a new assessment from an
equity analyst view of the financial crisis of the nuclear sector and some
of its biggest industrial players. The Fukushima Status Report provides not
only an update on onsite and offsite issues six years after the beginning
of the catastrophe, but also the latest official and new independent cost
evaluations of the disaster.

Focus chapters provide in-depth analysis of
France, Japan, South Korea, the United Kingdom and the United States. The
Nuclear Power vs Renewable Energy chapter provides global comparative data
on investment, capacity, and generation from nuclear, wind and solar
energy. Finally, Annex 1 presents a country-by-country overview of all
other countries operating nuclear power plants.
https://www.worldnuclearreport.org/-2017-.html

September 16, 2017 Posted by | 2 WORLD, business and costs | Leave a comment

Global nuclear marketers salivating at prospect of selling nukes to South Africa

SA could start nuclear procurement process again as soon as next month
The chairperson of the Necsa, speaking at the World Nuclear Association conference in London, says the politicians just have ‘to press the re-start button
’ Business Live 15 SEPTEMBER 2017  ALEXANDER WINNING LONDON —SA could re-start a procurement process for its nuclear expansion project as soon as next month, but the government still has to determine the exact timing, the chairperson of the South African Nuclear Energy Corporation (Necsa) said on Friday.

SA is planning to build several new nuclear reactors with a combined capacity of 9,600MW, which could be one of the world’s biggest nuclear deals in decades. The plans aim to help resolve the country’s chronic power shortages.

The plans were disrupted this year when SA’s High Court ruled that a nuclear co-operation pact with Russia was unlawful, after which the government started to draw up new pacts with countries with nuclear expertise. South African officials have made progress on the nuclear project since the court ruling, selecting potential sites for the new power stations, Necsa chairperson, Kelvin Kemm told Reuters.

Speaking on the sidelines of the World Nuclear Association conference in London, he said Eskom and Necsa were ready to proceed. “All that needs to happen is for the politicians to press the re-start button.”…….

Nuclear reactor makers, including Russia’s Rosatom, South Korea’s Kepco, France’s EDF and Areva, Toshiba-owned Westinghouse and China’s CGN are eyeing the South African project, which could be worth tens of billions of dollars.

A senior executive from Russian state firm Rosatom told Reuters on Thursday his firm was keen to win the contract and was ready to use a business model suitable to SA…….

Zuma’s opponents have said the project could be used as a conduit for corruption, a charge the president and officials deny. Some investors say the project is too big and expensive for a developing economy, such as SA.

Kemm said all top nuclear reactor makers were still in the running for the project and that he hoped a firm contract with a foreign partner would be signed next year. SA aimed to achieve 50% local input to the project to lift the economy, he said, adding that ordering several plants at once should help bring down costs. https://www.businesslive.co.za/bd/national/2017-09-15-sa-could-start-nuclear-procurement-process-again-as-soon-as-next-month/

September 16, 2017 Posted by | marketing, South Africa | Leave a comment

On the global scene, nuclear power is on the decline

Report: Nuclear power on the decline http://www.euractiv.com/section/energy/news/nuclear-power-on-the-decline/By Cécile Barbière | EURACTIV.fr | translated by Paola Tamma  Sep 14, 2017 Nuclear power seems on its way out, as construction of only one new nuclear reactor was undertaken in 2017, according to the World Nuclear Industry Report 2017. EURACTIV France reports.

September 15, 2017 Posted by | 2 WORLD, business and costs | Leave a comment

Nuclear power and renewable energy shown to not work well together

German nuclear damage shows atomic and renewable power are unhappy bedfellows https://www.euractiv.com/section/electricity/news/german-nuclear-damage-shows-atomic-and-renewable-power-are-unhappy-bedfellows/,By Dagmar Dehmer | Der Tagesspiegel | translated by Sam MorganJul 26, 2017, A Germany nuclear plant was damaged because its operators increased and decreased its output to respond to energy grid fluctuations. The incident supports the theory that nuclear and renewable energy generation are incompatible. EURACTIV’s partner Der Tagesspiegel reports.

September 14, 2017 Posted by | business and costs, Germany, renewable | Leave a comment

Swiss group CNP to stop buying power from Fessenheim nuclear power station

Fessenheim loses one of its biggest customers. The Swiss group CNP will
stop buying electricity from the French nuclear power plant (EDF), which is
due to close permanently in 2019.
https://www.lesechos.fr/industrie-services/energie-environnement/030550663088-fessenheim-perd-lun-de-ses-plus-gros-clients-2113553.php

September 14, 2017 Posted by | business and costs, Switzerland | Leave a comment