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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

France touting for nuclear business in Czech Republic

French PM Lobbied Czech Counterpart On Nuclear Cooperation – WSJ.com, 10 Feb 2011, PARIS (Dow Jones)–-French Prime Minister Francois Fillon on Thursday emphasized to his Czech counterpart French companies’ interest in a plan to build new nuclear reactors in the country.”Franco-Czech cooperation in the area of nuclear energy was discussed,” and Fillon “underscored the interest of French companies for the plan to build new reactors at the Temelin site” in the Czech Republic, his office said, following a bilateral meeting between the two European Union countries.The French nuclear sector includes utility Electricite de France SA (EDF.FR) and nuclear engineering group Areva SA (CEI.FR),both of which are state-controlled……French PM Lobbied Czech Counterpart On Nuclear Cooperation – WSJ.com

February 11, 2011 Posted by | business and costs, EUROPE, France | Leave a comment

Rising costs result in profit drop for Entergy’s nuclear business

Entergy Profit Falls as Costs Dent Margins , WSJ.com, 9 Feb 2011, By NAUREEN S. MALIKEntergy Corp.’s fourth-quarter profit dropped 27% as higher costs outpaced revenue growth tied to higher volume. Continue reading →

February 10, 2011 Posted by | business and costs, USA | Leave a comment

Old nuclear plants to close in Germany

German Utilities May Close Old Nuclear Plants, Handelsblatt Says, Bloomberg, By Holger Elfes – Feb 7, 2011 German utilities are looking at closing older nuclear power plants, as tighter security standards may make them unprofitable, Handelsblatt reported today, without saying where it got the information…..German Utilities May Close Old Nuclear Plants, Handelsblatt Says – Bloomberg

February 8, 2011 Posted by | business and costs, Germany | Leave a comment

USA to boost the marketing of its nuclear wares

U.S. sets up advisory committee to promote civil nuclear exports, iStockAnalyst, WASHINGTON, Feb. 7, 2011 — U.S. Commerce Secretary Gary Locke announced on Monday that the country would establish a Civil Nuclear Trade Advisory Committee to expand its civil nuclear export opportunities and improve U.S. companies’ global competitiveness……he 30-member committee will make recommendations to the U.S. Secretary of Commerce concerning trade policy development, improving the competitiveness of U.S. industry and its ability to compete for international contracts for civil nuclear products and services, the department said in a statement.

Committee members represented the entire spectrum of the U.S. civil nuclear supply chain from uranium mining to reactor design and transportation and waste management, according to the statement….U.S. sets up advisory committee to promote civil nuclear exports

February 8, 2011 Posted by | business and costs, USA | Leave a comment

Russia might cancel nuclear project in Bulgaria

-Rosatom may drop Bulgaria nuclear project-Ifax | ReutersMon Feb 7, 2011 MOSCOW Feb 7 – Russian state company Rosatom may drop a project to build a nuclear power station in Bulgaria, Interfax news agency said on Monday, quoting an internal Rosatom document…… UPDATE 1-Rosatom may drop Bulgaria nuclear project-Ifax | Energy & Oil | Reuters

February 8, 2011 Posted by | business and costs, Russia | Leave a comment

9,200 green collar jobs in wind energy, UK

Highlighting the growth of renewable energy in the UK – both at onshore and offshore wind energy sites and domestic installations – the number of jobs increased to around 9,200 last year.

Wind power industry employment grows 91%, Energy Saving Trust, by Emily Thomas, 03 February 2011, Employment in the wind power industry has surged 91 per cent in the past three years, according to figures from a study by RenewableUK and the EU Sector Skills Council for the Power Sector.

Highlighting the growth of renewable energy in the UK – both at onshore and offshore wind energy sites and domestic installations – the number of jobs increased to around 9,200 last year. In 2007 there were just 4,800 jobs in the industry.Including tidal power and small-scale wind turbines, there are around 10,800 people employed in the UK’s energy industry.

Maria McCaffery, chief executive of the lobby group, told Bloomberg: “The growth in these technologies as well as small wind systems and marine is set not just to continue but accelerate, further driving employment.”

Reports suggest that as more homeowners sign up to the government’s Green Deal and install wind turbines in their property, this will boost the number of installation and manufacturing jobs to cope with demand.

Posted

Wind power industry employment grows 91% / Policy / Energy saving news / Resources / UK Home – Energy Saving Trust

February 4, 2011 Posted by | employment, renewable, UK | Leave a comment

Manmohan Singh helps France, but not India, in nuclear deal

The deal between the Nuclear Power Corporation of India Limited (NPCIL) and Areva reflects a bonhomie between Indian prime minister Manmohan Singh and French president Nicolas Sarkozy at the cost of Indian people and the economy. Dr Singh actually came to the rescue of the problem-stricken French nuclear industry. Apart from the tariff structure, which is a very contentious issue, silence about the safety-related expenditure aggravates the suspicion.Transparency is, historically, a casualty in the nuclear energy arena.

Cost uncertainty dogs the Jaitapur nuclear project – Mumbai – DNA, Sankar Ray , February 3, 2011 Forget about the highly questionable technology for the proposed 1,650 megawatt nuclear power plant at Jaitapur in Ratnagiri district from the French power major Areva, or even the objections of the Finnish environmental watchdog body STUK for the Olkiluoto plant, which is being replicated at Jaitapur.The fact is that nothing can prevent time overruns and, therefore, cost escalation. To date, no nuclear power project has been implemented on schedule. Continue reading →

February 3, 2011 Posted by | business and costs, India, politics international | Leave a comment

Jaitapur nuclear plan should be scrapped – cost and safety issues

Globally, nuclear power has exhausted its technological potential. It has a bleak future. India must stop chasing the nuclear mirage — and scrap Jaitapur!

Nuclear trouble in Maharashtra, The Daily Star, 3 Feb 2011, Praful Bidwai“…….The Jaitapur public should fear EPRs. Western Europe’s first reactor after Chernobyl, an EPR, under construction in Finland, is delayed by four years and 90% over budget.Finnish, French, British and US nuclear regulators have raised 3,000 safety issues about its design, including control and emergency-cooling systems. Given its size, the EPR will generate seven times more toxic iodine-129 than normal reactors, posing many other problems.Any design changes will add to the EPR’s capital costs, already two to five times higher than for power from other sources. Its unit power cost will be two to four times higher. Continue reading →

February 3, 2011 Posted by | business and costs, India | Leave a comment

USA nuclear industry just not financially viable, despite government promotion

”…… the economics are not in place. ”Right now, it’s stuck,” John Reed, an investment banker who specialises in nuclear projects, said. of the planned nuclear revival.

Cheap gas gets in the way of new reactors The US federal and state governments want power plants but very little construction is under way, Sydney Morning Herald,  Matthew Wald. 3 Feb 2011, In his State of the Union address, the US President, Barack Obama, proposed giving the nuclear construction business a type of help it has never had, a role in a quota for clean energy. But recent setbacks in a hoped-for ”nuclear renaissance” raise questions about how much of a role nuclear power can play. Continue reading →

February 3, 2011 Posted by | business and costs, USA | Leave a comment

Nuclear power merger between Duke and Progress still financially risky

The key questions are, who would pay for those multi-billion dollar projects…?…..New nuclear projects are being abandoned in several states and foreign countries – after millions were invested – due to technical complexities and soaring cost estimates….Even Progress CEO Bill Johnson admitted last month that a merger with Duke would still leave nuclear construction “a risky proposition.”…..

Beware the bill for nuclear plants – Other Views NewsObserver.com, BY LYNICE WILLIAMS AND JIM WARREN, 2 Feb 2011, Recent news of a merger between Duke Energy and Progress Energy sets the stage for North Carolina to become home to the nation’s largest electric utility. Continue reading →

February 2, 2011 Posted by | business and costs, USA | Leave a comment

The waste and water costs of coal and nuclear

200B Gallons of Water Drawn Each Day for U.S. Coal, Nuclear Power, SustainableBusiness.com 31/1 2011, An astounding 200 billion gallons of water withdrawn from America’s water supply each day… and four metric tons of high-level radioactive wastes for every terawatt of electricity produced by nuclear reactors, even though there is no long-term storage solution in place Continue reading →

February 2, 2011 Posted by | business and costs, USA | Leave a comment

Nuclear company Exelon’s low stock price making things difficult

Exelon’s low stock price stymied potential bid for N.C. utility, Crain’s Chicago Business By: Steve Daniels January 26, 2011 — Exelon Corp.’s low stock price is making it harder for CEO John Rowe to pull off the big acquisition he’s looking for. Continue reading →

January 28, 2011 Posted by | business and costs, USA | Leave a comment

US nuclear company Exelon teams up with China National Nuclear Corp

Exelon Corporation now Work with China regarding Nuclear Services,  TechWeek, January 27th, 2011 Exelon Corporation and China National Nuclear Corp had signed the memorandum of understanding in the previous week. It was the first step that encouraged the top U.S. nuclear power operator to offer their services in China.The both company’s will sign a detailed agreement soon before June 30, 2011 to start their operations mutually…… | Exelon Corporation now Work with China regarding Nuclear Services | TechWeek

January 28, 2011 Posted by | business and costs, China, USA | Leave a comment

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