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Europe and North America: aging nuclear reactors, components becoming obsolete

Escalating costs of nuclear power: too risky for Australia?, Independent Australia Climate News Network 7 June 2016The nuclear industry worldwide faces an escalating battle to keep ageing reactors running as about a quarter of components and computer systems become obsolete. Paul Brown from Climate News Network reports.

LIFE EXTENSIONS to nuclear plants in Europe and North America are repeatedly being granted by safety regulators. But, according to nuclear plant owners, 25% of parts are now obsolete, so keeping the reactors going is becoming an increasing problem as components wear out

This is the background to the Nuclear Power Plant Optimisation Summit being held in Brussels Tuesday and Wednesday this week, when 150 of the world’s top nuclear executives will share experience on how to keep their stations open.

In theory, it makes economic sense to keep running a nuclear reactor well beyond its original design life, so long as it does not pose safety problems. With the capital cost of building the reactor written off decades earlier, profits can be substantial if the running costs can be kept low.

Life extensions  In France, where 75% of electricity supply comes from 58 reactors, the government announced in February that it was prepared to raise the limit on the life of reactors from 40 to 50 years.

Also in February, two reactors in the UK that began generating in 1983 and are due to close in 2019 had their lives extended to 2024. Two others commissioned in 1988 will now work on until 2030. In all four cases, the owner can apply for further life extensions after that.

But nuclear power plants built across the world in the 1970s and 80s rely on computer technology and components now long out of production. Replacing worn-out parts is becoming a serious problem, causing an increasing number of unplanned and expensive shutdowns while components are updated.

Finding people with the expertise to operate obsolete equipment is a problem as experienced staff retire……

In Europe, there is little chance of replacing the obsolescent fleet with new plant. Perhaps the starkest example is France, with its 58 ageing reactors. It is building only one new replacement reactor.

This plant, at Flamanville in Normandy, should already be in operation, but is years late and three times over budget. Plans to build others have been shelved……https://independentaustralia.net/environment/environment-display/escalating-costs-of-nuclear-power-too-risky-for-australia,9079

June 8, 2016 Posted by | business and costs, EUROPE, NORTH AMERICA | Leave a comment

India and Japan – no progress yet on nuclear business co-operation deal

nuclear-marketing-crapIndia-Japan nuclear deal stuck on technical details, THE HINDU, KALLOL BHATTACHERJEE

The agreement misses Japan’s National Diet session

The India-Japan civil nuclear agreement is likely to have a long waiting period, probably more than a year, before it fructifies. This is because, the National Diet failed to take up the agreement in the summer legislative session which ended on June 1. Japanese diplomats further told The Hindu that even the “technical details” of the deal were yet to be finalised.

The civil nuclear agreement firmed up during the visit of Prime Minister Shinzo Abe in December 2015 needs the legislative approval as Japan wants to convince the political parties in the Diet that the “nuclear cooperation by Japan shall be carried out only for peaceful purposes”, Yasuhisa Kawamura, Press Secretary of Ministry of Foreign Affair of Japan told The Hindu.

  • “The summer session of the Diet ended on June 1 and the nuclear agreement was not taken up for discussion. The next session of the Diet is in autumn,” Japanese ambassador to India Kenji Hiramatsu said on Tuesday in Delhi indicating that the agreement failed to make it to the Diet despite growing expectation that Japan would fast track the legislative approval for the same which came up after India concluded similar agreements with several major nuclear energy producing countries including the U.S.

    Elaborating on the ambassador’s comments, Mr. Kawamura said “both Japan and India have been working on technical details of the Japan-India nuclear cooperation agreement, which have to be finalised as is mentioned in the memorandum which two Prime Ministers signed last December,” and added that the “schedule of submitting the Agreement to the Diet has not been yet decided”…….http://www.thehindu.com/news/national/indiajapan-nuclear-deal-stuck-on-technical-details/article8701794.ece

June 8, 2016 Posted by | India, Japan, marketing | Leave a comment

Russia pushing United Arab Emirates to buy nuclear technology

nuclear-marketing-crapflag_RussiaNuclear power key for UAE energy security, Khaleej Times Sarakshi text-relevantRai/moscow June 5, 2016 Nuclear power is the best way for the world and the UAE to meet its energy demands, according to top nuclear energy professionals at the recently concluded Rosatom Atomexpo 2016.

Atomexpo is the largest exhibition venue for meetings and negotiations between world leaders in the nuclear power sector. This year’s exhibition and conference focused on new players entering the nuclear energy sector.

Mohamed Shaker, minister of electricity and mineral resources, Egypt; Hassan Mahmoud Hassanein, first deputy minister of electricity and mineral resources, Egypt; Khaled Toukan, chairman of Jordan Atomic Energy Commission; and Hashem Yamani, president of King Abdullah City for Atomic and Renewable Energy, Saudi Arabia; featured in day two of the conference at a panel discussion highlighting the future of nuclear power and new players…….

“Share of nuclear power in the global energy balance will grow. More than a thousand new nuclear reactors may be constructed and commissioned by 2050. This is a very important task as we need to reduce hydrocarbon consumption globally,” Agneta Rising, director-general of the World Nuclear Association, said at the opening of Atomexpo 2016.  http://www.khaleejtimes.com/business/energy/nuclear-power-key-for-uae-energy-security

June 6, 2016 Posted by | marketing, Russia, United Arab Emirates | Leave a comment

Russia’s Rosatom keenly marketing nuclear power to Thailand, Vietnam, Indonesia, Malaysia, Cambodia, Myanmar and Laos

nuclear-marketing-crapflag_RussiaRussian nuclear agency bullish on Asean outlook  ACHARA DEBOON text-relevantME THE NATION, Thailand,   MOSCOW June 6, 2016    ROSATOM, Russia’s state nuclear-energy agency, is bullish on the outlook of its business in Southeast Asia after the speedy development of a project in Vietnam and a range of agreements with every country in the region except Singapore, the Philippines and Brunei.

In an interview on the sidelines of the eighth “International Forum Atomexpo”, Nikolay Drozdov, Rosatom’s director of international business department, acknowledged that the speed of development in foreign countries, particularly Thailand, depended largely on public acceptance and the respective governments’ decisions.

“Public acceptance is a key element, and we pay much attention to it,” he said…….

After the Vietnam project, Drozdov sees the highest possibility that Indonesia and Malaysia will be the next in Southeast Asia to house nuclear power plants.

At the expo, a number of agreements with Indonesia were signed, also involving the training of specialists. This followed an agreement on the basic reactor design signed last year.

In the past few years, seven countries including Thailand have signed cooperation agreements with Rosatom. This month, a working group was established with Cambodia’s National Council for Sustainable Development after an agreement on the peaceful uses of atomic energy. Myanmar and Laos also have similar cooperation agreements.

Three Myanmar students are now studying nuclear science in Russia on scholarships……

If Thailand goes ahead with a nuclear power plant, the Electricity Generating Authority of Thailand is expected to be responsible for it. According to Ratanachai Namwong, deputy Egat governor for power-plant development, preparations are ongoing…..
Rosatom was focusing a lot of attention on Southeast Asia, reflected by the decision to establish a regional headquarters in Singapore. http://www.nationmultimedia.com/business/Russian-nuclear-agency-bullish-on-Asean-outlook-30287441.html

June 6, 2016 Posted by | ASIA, marketing, Russia | Leave a comment

USA tries to bend the rules, so Toshiba-Westinghouse can sell nuclear reactors to India

Toshiba WestinghouseNo Exceptions for a Nuclear India http://www.nytimes.com/2016/06/05/opinion/sunday/no-exceptions-for-a-nuclear-india.html?_r=0 By THE EDITORIAL BOARD JUNE 4, 2016 America’s relationship with India has blossomed under President Obama, who will meet with Prime Minister Narendra Modi this week. Ideally, Mr. Obama could take advantage of the ties he has built and press for India to adhere to the standards on nuclear proliferation to which other nuclear weapons states adhere.
The problem, however, is that the relationship with India rests on a dangerous bargain. For years, the United States has sought to bend the rules for India’s nuclear program to maintain India’s cooperation on trade and to counter China’s growing influence. In 2008, President George W. Bush signed a civilian nuclear deal with India that allowed it to trade in nuclear materials. This has encouraged Pakistan to keep expanding a nuclear weapons program that is already the fastest growing in the world.
Now, India has Mr. Obama’s strong support in its bid to join the Nuclear Suppliers Group, a 48-nation body that governs trade in nuclear-related exports and aims to ensure that civilian trade in nuclear materials is not diverted for military uses. Membership would enhance India’s standing as a nuclear weapons state, but it is not merited until the country meets the group’s standards.All group members have signed the Nuclear Nonproliferation Treaty, either as nuclear weapons states (the United States, Britain, France, Russia, China) or as non-nuclear weapons states (everybody else). India has refused, which means it has not accepted legally binding commitments to pursue disarmament negotiations, halt the production of fissile material for nuclear weapons and not test nuclear weapons.

President Bush squandered an opportunity to demand more of India when he signed the 2008 deal, which opened the door to American trade in nuclear technology for civilian energy, something India had insisted was a prerequisite to more cooperation and lucrative business deals.

As part of the 2008 deal, the Indians promised they would be “ready to assume the same responsibilities and practices” as other nations with advanced nuclear technology. But they have fallen far short by continuing to produce fissile material and to expand their nuclear arsenal.

The Nuclear Suppliers Group is to discuss India’s application later this month. Mr. Obama is lobbying for India to win membership through a special exception. If he succeeds, India would be in a position to keep Pakistan, which has also applied for membership, from gaining membership because group decisions must be unanimous. That could give Pakistan, which at one time provided nuclear technology to North Korea and Iran, new incentives to misbehave.

Opposition from China, which is close to Pakistan and views India as a rival, could doom India’s bid for now. But the issue will not go away. India is growing in importance and seeking greater integration into organizations that govern international affairs. If it wants recognition as a nuclear weapons state, it should be required to meet the nuclear group’s standards, including opening negotiations with Pakistan and China on curbing nuclear weapons and halting the production of nuclear fuel for bombs.

June 6, 2016 Posted by | India, marketing, USA | Leave a comment

Finland’s Fennovoima nuclear station dependent on Russia for all the finance

“……the extraordinary problems at Olkiluoto have cast doubts over Finland’s ability to manage such projects, while Fennovoima was hit by a farcical hunt for European investors for Hanhikivi.

And all of that is not counting the furore surrounding the participation of Rosatom, the Russian state-controlled nuclear company. As well as providing the reactor and serving as the main shareholder in Fennovoima, Rosatom is also supplying all the finance and the atomic fuel.

Worries about Russian involvement almost brought down the previous Finnish coalition government. The Green party left the administration, accusing its former partners, some of whom are still in power, of pursuing a policy of “Finlandisation” — an extremely loaded term locally meaning the accommodation of Russian views in Finnish policy. …..

The deal is also of huge importance to Rosatom and its international ambitions to play a leading role in any revival of nuclear power outside the former Soviet Union…..”  Finland raises its bet on nuclear power, Ft.com 5 June 16 

June 6, 2016 Posted by | Finland, marketing, Russia | Leave a comment

Exelon reactor closures show how the nuclear rot is really settling in for America

nuclear-costs1Exelon Corp. (EXC) Nuclear Plant Closures Point To Wider Challenges Facing US Nuclear Sector, International Business Times,  BY  @MARIAGALLUCCI ON 06/03/16 Exelon Corp.’s announcement this week that it plans to shutter two Illinois nuclear plants comes at a harrowing time for the U.S. nuclear power sector. Amid fierce competition from cheap natural gas and withering support from state policymakers, utilities are increasingly struggling to keep the aging, hulking power plants in operation.

Chicago-based Exelon (NYSE:EXC), which owns utilities serving Chicago, Philadelphia and Baltimore plus many power plants, said it will close its Clinton plant in mid-2017 and the Quad Cities plant in mid-2018. The nuclear stations lost a combined $800 million in the past seven years, despite being two of the company’s best-performing plants, Exelon said Thursday.

The power company had been waiting on Illinois policymakers to adopt measures to reward nuclear plants and other carbon-free power sources that help the state meet its climate change targets. The legislation included other provisions that would have slapped new charges on consumer energy bills. The policies are entangled in a broader budget war between Republican Gov. Bruce Rauner and House Speaker Michael Madigan, a Chicago Democrat……

Wholesale prices are likely to remain low in the next few years, which could spell a death sentence for aging plants in need of costly upgrades and lengthy repairs. The majority of the country’s 99 nuclear reactors are more than 30 years old and could operate potentially for as long as 80 years — but only if utilities can afford to keep them running.

Between 15 and 20 nuclear reactors are considered at risk of premature closure within the next five to 10 years, the Nuclear Energy Institute, a trade group, has estimated.

Opponents of nuclear power say that may be a good thing, given the longstanding concerns over radioactive waste disposal and the looming threat of a meltdown, particularly in the wake of the 2011 disaster in Fukushima, Japan. An Associated Press investigation that year found that radioactive tritium has leaked from three-quarters of U.S. nuclear power sites and in some cases contaminated the drinking wells of nearby homes.

Entergy’s Indian Point nuclear plant, which sits just 25 miles north of New York City, has faced a series of mishaps in the last year, including a power failure in the reactor core, an alarm failure and the escape of radiated water into groundwater. Federal officials with the Nuclear Regulatory Commission are now investigating the degradation of critical stainless steel baffle bolts in one of the plant’s nuclear reactors.

“This aging nuclear power plant is becoming increasingly unreliable and puts the welfare of 20 million people at risk every day,” Paul Gallay, president of the citizen group Riverkeeper, which opposes Indian Point, said in a recent opinion piece………..http://www.ibtimes.com/exelon-corp-exc-nuclear-plant-closures-point-wider-challenges-facing-us-nuclear-2377652

June 4, 2016 Posted by | business and costs, USA | Leave a comment

USA pushing nuclear deal with India, in the interests of Japanese company Toshiba Westinghouse

this [India] is a country both Wall Street and Washington have their eyes on

Toshiba Westinghouse

Will U.S. Get India To Ink Big Nuclear Deal With A Japanese Owned Company?, Forbes, Kenneth Rapoza ,  2 June, 

When Indian Prime Minister Narendra Modi comes to town on Monday, a Japanese-owned company may be the biggest beneficiary.

nuclear-marketing-crapOne of the key takeaways Modi and President Obama would would like to see come of this trip is a commitment to build six nuclear power plants by Westinghouse Electric. The Western Pennsylvania based company is an historic American electric manufacturer, but it was acquired by Toshiba in February 2006. Even the Kazakhs own 10% of it under Kazatomprom, their state-owned nuclear power company. Yet, Westinghouse is Washington’s favorite nuclear power company and next week it might make headlines again if it manages to ink a muito-billion dollar deal for its new AP-1000 reactors.

India Ambassador Arun Singh told reporters on Wednesday that the deal was in its “advanced stages.”

The two sides were largely waiting on a nuclear liability law that will essentially create a new insurance product for nuclear power utilities. Westinghouse and its partner in India, the Nuclear Power Corporation (NPCIL), are still waiting for the details of that insurance policy to be ironed out, thinks Richard M. Rossow, a senior fellow on U.S.-India policy for the Center for Strategic and International Studies in Washington………

Westinghouse has a long history of tapping Washington for lucrative deals abroad. Since the mid-2000s, Westinghouse has been able to count on Washington to pitch its wares to countries where Russia is a key, if not dominant player. Currently, Russia’s Rosatom has only two reactors in India, both located in Tamil Nadu state. India has 21 nuclear power plants, most of it indigenous technology.

A deal for all six power plants would be good news for Westinghouse Electric and its owners at Toshiba, which has fallen on hard luck over the past five years.

Toshiba used to design and build reactors for half of Japan, also supplying those reactors with the fuel rods that hold the uranium used to generate electricity. The March 2011 Fukushima disaster lit a match to those service contracts and Toshiba’s Fukushima reactors are decommissioned. Germany shut its reactors down after Fukushima, too. They also used Westinghouse as a source for fuel rods. In less than two years, Toshiba and Westinghouse Electric lost contracts at 60 reactors. Between 2012 and 2014, Westinghouse Electric’s cumulative operating losses reached $1.43 billion, according to Toshiba……

this [India] is a country both Wall Street and Washington have their eyes on…….http://www.forbes.com/sites/kenrapoza/2016/06/03/will-u-s-get-india-to-ink-big-nuclear-deal-with-japanese-owned-company/#4f7edc32c94f

June 4, 2016 Posted by | India, Japan, marketing, USA | Leave a comment

Georgia new nuclear plant, over budget, behind schedule, and now hits a new snag

scrutiny-on-costsFlag-USAPlans for more nuclear generation hit obstacle, Augusta Chronicle By Walter C. Jones
Staff Writer, June 2, 2016 ATLANTA — One of the strongest supporters for nuclear power on the Public Service Commission announced Thursday intentions to delay studies for a new reactor for three years.
Commissioner Lauren “Bubba” McDonald said he intends to introduce a motion when the five-man commission votes on Georgia Power’s long-range facilities plan that would deny the company’s request to study a new plant……
The company can spend its own money however it wishes, but its request is to have its customers pay $175 million to test the feasibility of building reactors at a site it owns in Steward County, along the Chattahoochee River below Columbus. McDonald said it was premature for the commission to make customers pay for the study.

Jacob Hawkins said the company will suspend preliminary work on the site if McDonald’s motion passes.

“A delay of even a few years in these actions will jeopardize our ability to keep new nuclear as a timely option for customers,” he said…..

McDonald’s motion comes as the commission is set to hear testimony next week on construction of the nation’s first two commercial nuclear reactors in 30 years at Plant Vogtle, where Georgia Power is the majority owner. It is three years behind schedule and around $1 billion over budget, and the commission staff is investigating whether to recommend having electricity customers pay the tab for the overage.

Last week, SCANA asked the South Carolina counterpart to the commission to charge their customers for $852 million in overages for two reactors it is building at Plant Summer…….http://chronicle.augusta.com/news/metro/2016-06-02/plans-more-nuclear-generation-hit-obstacle?v=1464916692#comment-form

June 4, 2016 Posted by | business and costs, politics, USA | Leave a comment

Make no mistake: America’s nuclear industry is in trouble.

One suggestion for getting the market to better value nuclear’s attributes is changing state renewable energy mandates to “clean energy standards” that would give utilities more incentives to invest in nuclear power

latest lie from nuclear lobby 1

 

Nuclear plants need boost to stay open, industry warns, The BladeDavis-Besse on list of most at-risk sites  By TOM HENRY  | BLADE STAFF WRITER May 30, 2016 Make no mistake: America’s nuclear industry is in trouble.

Many of the strongest statements about it are no longer found in the hyperbole of anti-nuclear groups but in dire predictions from industry figures such as the Nuclear Energy Institute’s Marvin Fertel, who said at a recent U.S. Department of Energy conference in Washington there’s a “sense of urgency” to improve economics of the nation’s 99 remaining nuclear plants……

nuclear-costs3

Ohio and Michigan are among 13 states with deregulated electricity markets where nuclear plants have an especially hard time competing. Those with single units have even more difficulty, officials said.

A 2013 Vermont Law School report listed Davis-Besse as one of a dozen plants most likely to close early because of economics……..

Wind and solar power are attacked by pro-nuclear advocates these days because of their start-up subsidies.

But several years ago, a conservative group, Taxpayers for Common Sense, identified $85 billion in subsidies to nuclear power since 1948, of which more than $66 billion was spent on nuclear energy research and subsidies through 1998…….

The industry expected 30 or more next-generation nuclear plants would be built after billions of dollars in incentives were offered by Congress in the Energy Policy Act of 2005. But those efforts have resulted in the construction of only four new reactors, the twin-unit Vogtle plant in Georgia and the twin-unit V.C. Summer plant in South Carolina…..

One suggestion for getting the market to better value nuclear’s attributes is changing state renewable energy mandates to “clean energy standards” that would give utilities more incentives to invest in nuclear power……http://www.toledoblade.com/Energy/2016/05/30/Nuclear-plants-need-boost-to-stay-open-industry-warns.html

June 4, 2016 Posted by | business and costs, USA | Leave a comment

Costs for building South Carolina’s 2 new nuclear reactors have jumped dramatically

nuclear-costs3Flag-USASCE&G Requests $852 Million Increase in Cost of VC Summer Nuclear Construction Project; Huntington News, , June 3, 2016 – EDITED FROM A PRESS RELEASE Columbia, SC – The current cost for the construction of two new nuclear reactors by South Carolina Electric & Gas (SCE&G) has jumped a stunning $852 million, according to a request filed with the South Carolina Public Service Commission (SC PSC) on May 26, 2016, (See filing linked in “notes” below.)

The filing made by SCE&G states that “the capital cost estimate for which the Company seeks Commission approval in this proceeding is $6.8 billion in 2007 dollars and $7.7 billion with escalation.”

As SCE&G is now a 55% owner of the project, with Santee Cooper owning the other 45% (set to go down to 40%), this means that the overall cost of the project is now around $14 billion. Expected schedule delays or construction problems will only add to that cost…….

The company has also requested delays in achievement of completion milestones in key aspects of construction.

“The request for a cost of overrun of this magnitude will hit consumers hard and the PSC should for once side with residential and business customers and require for SCE&G its shareholders to bear a major portion of the cost increase as it is in large part due to poor project management,” said Tom Clements, director of Savannah River Site Watch. “The law under which the project is being pursued is not a blank check for endless cost overruns and schedule delays and the company must be held accountable by the PSC for the costly problems and mistakes with the project.”

Also on May 26, SCE&G informed the PSC that it would be filing for its annual nuclear cost rate hike, as allowed by the Baseload Review Act (passed by the SC legislature in 2007). SCE&G rate payers have already been hit with eight (8) rate hike under the BLRA – the first was approved when the project was

approved by the PSC – so the next pay-in-advance rate hike will be number 9. According to the SC Office of Regulatory Staff (ORS) – in an email to Tom Clements in September 2015 – an average SCE&G residential customers is now paying 15.5% of the bill for advance payment of financing costs for the project (as allowed by the BLRA). It is unknown what will happen to rates when the much larger capital (construction) costs go into the bill.

SCE&G claims it has agreed to a “fixed cost” with Westinghouse and Fluor for future costs of the project but that cost can increase with “future change orders which are Owner-directed or based on changed circumstances,” according to the filing, or with any PSC rulings allowing yet more cost increases.  “The claim that the cost is fixed is very misleading as it’s clear that there can be future cost increases, all of which would be passed on to the consumer if allowed by the PSC. The cost of the project is not capped and unless the PSC acts responsibly to curb the cost the sky’s the limit on future cost overruns, so customers should be braced for yet more negative rate impacts,” said Clements.

Both Santee Cooper and the electric cooperatives will at some point be hit with higher rates due to the cost increase with the nuclear project but details of those impacts are unknown…….http://www.huntingtonnews.net/137578

June 4, 2016 Posted by | business and costs, USA | Leave a comment

Russia keen to get in on the business of cleaning up Fukushima nuclear mess

text-relevantRosatom, Japan discuss decommissioning of Fukushima installations https://rbth.com/news/2016/06/02/rosatom-japan-discuss-decommissioning-of-fukushima-installations_599603

June 2, 2016 INTERFAX Tokyo is interested in partnering with the Rosatom state corporation to decommission nuclear power plant installations in Japan, Rosatom Chief Executive Sergei Kirienko told Rossiya 24 on June 1.

“Our partners are showing ever greater interest in the final stage of the life cycle: decommissioning. We are currently discussing this with the Japanese partners,” Kirienko said.

Rosatom enterprises have fulfilled the order to develop unique technology for treating water at Fukushima for the Japanese partners, he added.

June 4, 2016 Posted by | marketing, Russia | Leave a comment

Russia moving in on America as a market for its nuclear fuel

Russian-BearFlag-USARussian Nuclear Fuel Giant Making A Move In U.S. Markets, Oil Price, 2 June 16,  http://oilprice.com/Latest-Energy-News/World-News/Russian-Nuclear-Fuel-Giant-Making-A-Move-In-US-Markets.html  CHARLES KENNEDY Far from the specific paranoia of the Cold War era, talk now is that Russia’s Rosatom nuclear fuel giant may soon end up supplying 10 percent of U.S. nuclear fuel needs.

In partnership with General Electric Co. (GE), Russian state-owned Rosatom is expanding its nuclear fuel supply to the US, hoping to gain a 10-percent market share—adding to the 20 percent of the US enriched uranium market it already controls.

Last week, Rosatom’s TVEL signed an agreement with U.S. Global Nuclear Fuel-Americas, a subsidiary of GE-Hitachi, on cooperation in licensing, marketing and fabrication of fuel for U.S. Pressurized Water Reactors (PWRs).

According to Russian news agencies, Russia currently holds 17 percent of the global nuclear power plant fuel market. That means it has covered all of its own supply for 76 reactors, along with the reactors in 14 more countries. By 2019-2020, Rosatom hopes to be supply nuclear fuel to the U.S..

Speaking at the Atomexpo-2016 on Monday, where it signed US$10 billion in deals, Rosatom TVEL Fuel Company vice-president Oleg Grigoryev said: “We expect the share of our deliveries to be more than 10% of the US market for this kind of fuel.”

TVEL’s exports already exceed US$1 billion annually, according to Russia’s Tass news agency. The move to gain this extra nuclear fuel market share still requires approval from the U.S. Nuclear Regulatory Commission.

According to Bloomberg, Rosatom has been supplying low-enriched uranium to the U.S .since 1987.

Rosatom is apparently not targeted by U.S. sanctions.

In 1992, according to Bloomberg, an anti-dumpling investigation prompted trade controls that affected how much low-enriched uranium Rosatom could supply to the U.S.. From 2002 to 2011, Rosatom had to stop commercial supplies to the U.S. For now, the Russian giant has long-term uranium delivery contracts with Centrus Energy Corp. ,NextEra Energy Resources and Exelon Generation Company LLC.

June 3, 2016 Posted by | marketing, Russia, USA | Leave a comment

China, South Korea and Russia battle to win Kenya as nuclear customer

fighters-marketing-1Africa Energy: China, Russia and South Korea In Race To Build Kenya’s Nuclear Plant
By Allan Akombo AFKI : June 2, 2016
– In less than 24 hours this week Kenya signed two pacts on nuclear energy cooperation with South Korea and Russia, setting the stage for a dead-heat race against China to clinch the east Africa nation’s forthcoming nuclear energy development contract.

The first deal was in Moscow on May 30, 2016 where Russia’s state nuclear agency, Rosatom Deputy Director Nikolai Spasskiy and Deputy Head of the Kenyan Embassy to Russia Hillary N. Kyengo signed a Memorandum of Understanding (MoU) that involves the creation of a working group to identify peaceful nuclear projects and also continue consultations on the possibility of building the first nuclear power plant in Kenya.

A day later and thousands of miles away in the Kenyan capital, Nairobi host President Uhuru Kenyatta and Korean President Park Geun-Hye witnessed the signing of a nuclear corporation pact after they held bilateral talks.

The MOU on electric power and nuclear energy development was signed by Energy and Petroleum Cabinet Secretary Charles Keter and Korean Trade, Industry and Energy Minister Joo Hyunghwan.

-…….The China General Nuclear Power Corporation operates third-generation HPR 1000 nuclear power plants. Russia offers a number of reactor designs, the most prominent currently being VVER-1200.

Barely two weeks ago, Rosatom said it plans to sign cooperation agreements with Kenya, Uganda and Zambia to lay the groundwork for an expanded presence in Sub-Saharan Africa beyond its planned bid to build nuclear power plants in South Africa.

Rosatom has voiced confidence in its ability to see off competition from China, France and South Korea in a planned South African tender to build a 9,600 megawatts (MW) nuclear power fleet in the continent’s most industrialized country.

It sees scope, however, for more deals across the region, from the building of plants to supplying reactor fuel.http://afkinsider.com/126827/africa-energy-china-russia-south-korea-race-build-kenyas-nuclear-plant/#sthash.f40J0946.dpuf

June 3, 2016 Posted by | Kenya, marketing | Leave a comment

USA’s Westinghouse in rush to sell nuclear reactors to India

Modi puppetnuclear-marketing-crapIndia, Westinghouse in advanced talks to close nuclear deal, live mint, http://www.livemint.com/Politics/DscD8CWjYrsVgpqQO7Fp1J/India-Westinghouse-in-advanced-talks-to-close-nuclear-deal.html  Valerie Volcovici, 2 June 16,

India’s ambassador to the US Arun Singh says the issues that remain to be worked out are related to cost and financing. Washington: Toshiba Corp.’s Westinghouse Electric and India are in “advanced discussions” for the company to build six nuclear reactors there, the country’s ambassador to the United States said on Wednesday, ahead of Indian Prime Minister Narendra Modi’s planned visit to Washington next week.

A deal with Westinghouse would be the first such contract reached under the 2008 US-India civil nuclear accord.

“There is a very detailed and advanced negotiation between Westinghouse and India,” Ambassador Arun Singh told reporters. “The issues that remain to be worked out are related to cost and financing.”

Progress on the deal to build six AP-1000 nuclear reactors is one of the key developments anticipated during the 7-8 June visit by Modi to Washington, where he will be hosted by President Barack Obama for a final summit before the US presidential election in November. Modi will address both houses of Congress.

The US and India agreed in 2008 to cooperate in the civil nuclear arena, but there have been no agreements yet to build any plants. Reuters reported on Tuesday that Westinghouse and India reached a breakthrough after officials said it will relocate the planned project in Andhra Pradesh. The original site proposed for the multi-billion-dollar project, in Modi’s home state of Gujarat, faced local opposition.

Another obstacle had been to bring India’s liability rules into line with international norms, which require the costs of an accident to be channelled to the operator rather than the maker of a nuclear power station.

That issue had been largely resolved to the satisfaction of the US government in January 2015 after the US and India reached a “breakthrough understanding” on nuclear cooperation.

Singh told reporters “to the best of my knowledge” insurance was no longer an issue in the discussions.

Westinghouse had hoped to clinch a deal to build six nuclear reactors in India by the end of March, during Modi’s last Washington trip to attend a global nuclear summit.

US lawmakers ratified the civil nuclear accord three years after it was struck in 2005, as part of an attempt to deepen the strategic relationship with India, but have expressed growing dismay over its failure to yield follow-on deals for US-based reactor makers. Reuters

June 3, 2016 Posted by | India, marketing, USA | Leave a comment