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To really promote clean energy, put a tax on carbon

UCS is urging Congress to take devise a more holistic clean energy policy by placing a tax on carbon.

Scientists: Nuclear power isn’t viable without corporate welfare, SmartPlanet,  By David Worthington | Feb 23, 2011“……..Union of Concerned Scientists (UCS)  is cautioning that taxpayers will be footing the bill if the nuclear industry ever defaults on its loans. The total amount of loan guarantees paid by the federal government will be $58.5 billion if Congress consents to the President’s proposal. Continue reading →

February 25, 2011 Posted by | business and costs, USA | Leave a comment

Germany’s tax on nuclear resulting in debt for utility

RWE Will Exceed Net Debt to Ebitda Target on German Nuclear Tax, Bloomberg, By Nicholas Comfort – Feb 24, 2011 RWE,  Gernmany’s second-largest utility, said a tax on nuclear reactors means the company won’t be able to keep net debt to three times or less adjusted earnings before interest, tax, depreciation and amortization………RWE Will Exceed Net Debt to Ebitda Target on German Nuclear Tax – Bloomberg

February 25, 2011 Posted by | business and costs, Germany | Leave a comment

New nuclear reactors – an economic meltdown waiting to happen

Time and again, Buffett’s corporation MidAmerican has recognized the risks of investing in new nuclear power……i’ts not only Warren Buffet & CBO that have rejected new nuclear power as an economic non starter…….New nuclear reactors are an economic meltdown waiting to happen and sadly President Obama has put the American taxpayer on the hook for the financial fall out.

Obama, the Oracle of Omaha & Nuclear Power | Greenpeace USA, 24 Feb 2011, Last week, President Obama lauded those who have made an especially meritorious contribution to the United States, world peace and culture by bestowing upon them the Presidential Medal of Freedom. Among this years recipients was the “World’s Greatest Investor,” also one of the world’s greatest philanthropists Warren Buffett. Instead of merely lauding the Oracle of Omaha, President Obama should follow his lead and stop pursuing costly new nuclear power plants. Time and again, Buffett’s corporation MidAmerican has recognized the risks of investing in new nuclear power. Continue reading →

February 24, 2011 Posted by | business and costs, USA | Leave a comment

France devising new nuclear marketing system

The new plan calls for France to create partnerships with China, accelerate the development of the 1100MW medium-sized Atmea-1 reactor, which is currently being developed by Areva in partnership with Mitsubishi Heavy Industries. The council is seeking participation from EDF and GDF Suez in this project.

France launches new nuclear strategy Industrial Fuels and Power, February 23rd, 2011 The French Nuclear Policy Council has drawn up a new strategy to boost the industry’s competitiveness on the international stage. Continue reading →

February 24, 2011 Posted by | France, marketing | Leave a comment

Japanese tax-payers should not pay up for risky Texas nuclear project

Clearly the state has other cleaner and cheaper alternatives, such as wind power or even natural gas. Overall, this looks like a bad deal all around: for Texas, for the Japan Bank for International Cooperation, and for Japanese taxpayers.

Why Japan Should Say ‘No’ To Funding U.S. Nuclear Plants, Change.org News,  by Zachary Shahan · February 18, 2011 Nuclear energy, even if it were the cleanest, greenest, safest thing on the planet (which it is definitely not), is extremely financially risky. For this reason, it is nearly impossible for nuclear projects in the U.S. to get enough funding to get off the ground. Instead, companies rely on loan guarantees from the federal government, which ensures lenders that if the projects fail, taxpayers foot the bill and bail out the failed nuclear companies—to the tune of several billion dollars. Continue reading →

February 20, 2011 Posted by | business and costs, Japan | Leave a comment

Russia pushing Bulgaria to sign up for nuclear power project

Rosatom pressing Bulgaria to sign next agreement on Belene project,  The Sofia Echo, Feb 20 2011  byDnevnik.bg Russia’s state nuclear energy company Rosatom is urging Bulgaria to sign another agreement related to the construction of the Belene nuclear power station, the company said in a media statement on February 20 2011.
Bulgaria will pay no funds from the state budget to build Belene, but at the same time it will keep its 51 per cent share in the project, Rosatom said……Rosatom pressing Bulgaria to sign next agreement on Belene project – Business – The Sofia Echo

February 20, 2011 Posted by | marketing, Russia | Leave a comment

France vying with South Korea, to market nuclear power to South Africa

France has emerged as one of several countries, including South Korea, whose companies have been courting South Africa as it shops for multi-billion dollar nuclear power plants….In 2007 Areva submitted a proposal to power utility Eskom to build several nuclear plants in a tender process which was later scrapped due to its steep cost.

Nuclear projects on the agenda for Zuma’s French visit Cape Town, South Africa –— ESI-AFRICA.COM — 18 February 2011 – President Jacob Zuma of South Africa is to sign a €1billion agreement with the French Development Agency during a state visit to France next month, and it is understood that the deal could also touch on a pricey nuclear project. Continue reading →

February 19, 2011 Posted by | France, marketing, South Africa | Leave a comment

The idea of nuclear catastrophe a money spinner for pharmaceutical companies

to address the skin and lung injuries that arise from acute exposure to high levels of ionizing radiation – the type of radiation that results from a nuclear blast.

BARDA Supports Development Of Drugs To Protect Against Radiation Biomed Middle East By: Ash on February 18, 2011 Two contracts for advanced development of drugs to treat skin and lung injuries associated with acute radiation syndrome (ARS) were awarded this week by the U.S. Department of Health and Human Services’ Biomedical Advanced Research and Development Authority (BARDA). Continue reading →

February 19, 2011 Posted by | business and costs, USA | Leave a comment

Finacial cold water thrown on USA plan for small nuclear reactors

“It’s going to come down to cost,” said Johnson. If a 100-MW plant will have to need the same size security and operating staff as a 1,000-MW unit, he said, “that’s going to make it difficult.”…..

Utilities split over small nuclear reactor economics Washington (Platts)–18Feb2011 Despite enthusiasm among nuclear reactor vendors and the Obama administration about the potential of small nuclear reactors, some utilities remain to be convinced of their economic viability. Continue reading →

February 19, 2011 Posted by | business and costs, technology, USA | Leave a comment

Britain joining nuclear marketing scramble for India

British civil nuclear power delegation to visit India, IBN Live News Mumbai, Feb 17 (PTI) A civil nuclear power trade delegation of eight leading UK-based companies, coordinated by the UK Nuclear Industry Association (NIA), will be visiting India next week. Continue reading →

February 19, 2011 Posted by | India, marketing, UK | Leave a comment

Nuclear marketing between India and Canada

Indian delegation in Canada to explore nuclear business opportunities, The Hindu , 18 Feb 2011, A high-powered Indian business delegation led by Nuclear Power Corporation of India Limited (NPCIL) Associate Director F. Vohra arrived here today to accelerate bilateral investment and the transfer of technology in the field of nuclear energy between the two countries…… The Hindu : Business / Industry : Indian delegation in Canada to explore nuclear business opportunities

February 19, 2011 Posted by | Canada, India, marketing | Leave a comment

Missouri law currently prevents consumers being slugged for nuclear upfront costs

Kathleen Logan Smith with the Missouri Coalition for the Environment sees the early site permit bill as a first step toward repealing Missouri’s law that bans a utility from charging customers the cost of building a power plant while under construction.

First step toward second nuclear plant brings out strong feelings, MissouriNet,  by Brent Martin  February 17, 2011 A first step toward a second commercial nuclear power plant in Missouri demonstrates how controversial and complicated the issue can be. Continue reading →

February 18, 2011 Posted by | business and costs, USA | Leave a comment

Delay for AREVA’s uranium mine in Namibia

Areva uranium mine in Namibia delayed,  Bloomberg, Feb 17, 2011 By The Associated Press WINDHOEK, Namibia — French nuclear giant Areva says the opening of its $1 billion uranium mine in Namibia has been delayed again because the project is so complex.The company recently announced that commercial production, which was initially planned to start last year and then pushed to 2012, is now expected to start in 2013…….Areva uranium mine in Namibia delayed – Bloomberg

February 17, 2011 Posted by | business and costs, Namibia | Leave a comment

Jaitapur nuclear power electricity very expensive, and costs rising

The cost estimate, however, does not include fuel or maintenance costs, storage of hundreds of tonnes of the nuclear waste generated annually; also the cost of reactor decommissioning, which could amount to one-third to one-half of the construction cost. It also does not include the extensive additional physical security costs,

Power from Jaitapur nuclear plant won’t come cheap , Feb 14, 2011, By Alok Deshpande Mumbai DNA The electricity generated from the proposed 9,900 MW Jaitapur Nuclear Power Project (JNPP) will be double, even triple the cost of electricity from coal- or gas-fired plants, according to a report. Continue reading →

February 15, 2011 Posted by | business and costs, India | 1 Comment

Nuclear power not cost effective for the Philippines

Nuclear power deemed not a viable option for Mindanao, BusinessWorld, 13 Feb 2011, DESPITE THE NEED to look beyond hydro power as a source of electricity for Mindanao, there is just not enough demand on the island to justify the cost of building a nuclear plant there, the top executive of a major power producer told reporters late last week. Continue reading →

February 15, 2011 Posted by | business and costs, Philippines | Leave a comment

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