Siemens company gets out of nuclear project with AREVA
Siemens exits nuclear joint venture with Areva The Times of India Apr 10, 2011, BERLIN: Germany’s Siemens AG says it has sold its stake in a joint venture to build nuclear power plants with Areva NP for €1.62 billion ($2.3 billion) to the French firm.
Spokesman Constantin Birnstiel said on Sunday that the company had sold its 34 per cent stake on March 18 to Areva SA which also owns the remaining 66 per cent. He added that court proceedings were ongoing and Siemens could not comment further….
Japan’s low-skilled, low paid, nuclear workers
The biggest problem is the nuclear one,” said Itsunori Onodera, a lawmaker with the opposition Liberal Democratic Party, whose hometown of Kesennuma was ravaged by the tsunami. “If the area of nuclear contamination spreads, people won’t live there and there’ll be no reconstruction.”
McDonald’s Wage For Nuclear Job Shows Japan Towns Fading, Bloomberg, By John Brinsley and Aki Ito – Apr 11, 2011 A week before becoming ground zero for the world’s biggest nuclear crisis since 1986, the Fukushima Dai-Ichi plant offered $11 an hour for full-time maintenance work in an area of Japan that was lagging even before last month’s earthquake and tsunami struck. The wage, the same as McDonald’s Corp. (MCD) pays for part-time work in Tokyo, shows the scale of the northern Tohoku region’s economic blight and indicates towns may never recover from the disaster….. Continue reading
Nuclear power industry – a sober warning to investors
“New nuclear generation is already more expensive to build than most other sources of electricity,” it continues, “its liability insurance is effectively socialized and material questions are being raised regarding its waste products.”
Investors Warned: Fukushima Could Ignite Backlash Against U.S. Nuclear Power Industry, Forbes, – Osha Gray Davidson -Apr. 8 2011 A new report by Moody’s Investors Service has a title guaranteed to send chills through the nuclear power industry: “Re-evaluating Creditworthiness for Global Nuclear Generators.”
The report warns that “All nuclear operators…will suffer the consequences that emerge from a post Fukushima environment.” Continue reading
Germany’s peak utility organisation calls for swift end to nuclear power
The group called on the government to set everything in motion to speed up the transition toward a stable, ecologically responsible and affordable energy mix without nuclear energy.
Association of German utility companies calls for abolishing nuclear power by 2020, The Washington Post, 9 April 11, BERLIN — Germany’s utility companies want “swift and complete” abolishment of nuclear power in the wake of the disaster at Japan’s Fukushima reactors, says their umbrella organization. The technology should be phased out by 2020 or at the latest by 2023, the German Association of Energy and Water Industries, BDEW, said Friday following a board meeting. Continue reading
French nuclear company denied license for Calvert Cliffs reactor
US NRC denies license to build nuclear reactor in Maryland WASHINGTON, April 8 (Reuters) – The U.S. Nuclear Regulatory Commission has denied Unistar a license to build a new reactor at the Calvert Cliffs nuclear power station in Maryland due to its foreign ownership, said the watchdog group Nuclear Information and Resource Service.The NRC could not be immediately reached. Unistar is owned by Electricite de France (EDF.PA: Quote)….
US NRC denies license to build nuclear reactor in Maryland | Energy & Oil | Reuters
Hitachi nuclear company freezing its proposed new projects
Nakanishi indicated a grim outlook on exports of nuclear power infrastructure to Vietnam, which is being jointly pushed by Tokyo Electric Power Co., operator of the crippled Fukushima No. 1 plant…..
Hitachi to cut back on new nuclear power projects, asahi.com, BY SATOSHI DAIGUJI , 8 April 11 Hitachi Ltd. will scale back its nuclear power projects following the crisis at the Fukushima No. 1 nuclear power plant, Continue reading
Never mind the Fukushima tragedy, it’s the nuclear COST, stupid!
It’s time to let the market pick our winners, not outrageous government subsidies for nuclear power…..we should abandon this costly boondoggle for more cost-effective and renewable energy sources.
Cost, Not Japan Crisis, Should Scrub Nuclear Power, RENEWABLE ENERGY WORLD, By John FarrellApril 6, 2011 The plumes of smoke rising, and radiation leaking, from Japan’s Fukushima Daiichi nuclear reactor provoke a visceral reaction. But the crisis should not persuade Americans to abandon nuclear power.
Instead, Americans should abandon nuclear power for its prohibitive and un-competitive costs. Continue reading
Nuclear plant for sale – but no buyers
Hey, Wanna Buy a Nuclear Power Plant? – The Source – WSJ, 6 April 11, “………Nestled on the bank of the Isar river, there’s an unusual piece of real estate for sale in Bavaria. It’s the Isar II nuclear energy plant, or at least a 25% stake in it, for sale by Stadtwerke Muenchen, Munich’s regional utility.
SWM has in fact been trying to sell its stake in Isar II since the 1990s, but without success. In the early 2000s, the utility published an international call for bids in the Financial Times, a spokesman said, but that also did not end in a sale, and the utility appears to be saddled with the power plant until it becomes obsolete.
“With the future of nuclear energy totally uncertain [in Germany], there’s no buyer who would go into such a deal blind,” said Ingo Becker, an energy analyst at Kepler Capital Markets……investors are unable to assess the potential value of the plant.
On top of that, in the wake of Fukushima, the fact that nuclear power plants can’t be insured has made investors take an even more sober view of the industry…..Hey, Wanna Buy a Nuclear Power Plant? – The Source – WSJ
Two days after Fukushima disaster TEPCO planned 2 new reactors there
Tepco announced last week that four reactors at the centre of the crisis will never go back into service. At the same time, however, it submitted a report to the Ministry of Economy, Trade and Industry that included a proposed timetable for the construction and commissioning of two new reactors – No. 7 and No. 8 – at the same complex….
Power company back pedals over reactor plans, Sydney Morning Herald, Andrew Higgins April 7, 2011, FUKUSHIMA: Even as it struggled to contain the world’s worst nuclear disaster in a quarter of a century, Tokyo Electric Power Company late last month quietly set out big plans for the future: it proposed building two new nuclear reactors at its radiation-spewing Fukushima Daiichi power plant. Continue reading
Even if people do accept nuclear power, it’s still not affordable
So while nuclear power does return net energy and while it may be true that public opposition to nuclear power will fall, it probably won’t matter – because no society in an energy decline, with declining fossil fuel resources, can afford to front-load a decade or two decades of energy in fossil fuels into a plant.
Fukushima and the Future of Nuclear Power : Science Blogs, Casaubon’s Book, April 1, 2011 , by Sharon Astyk“………More than any other kind of energy generation, nuclear frontloads its energy costs dramatically – reliable estimates vary from as low as 12 years before they produce more energy than went into building them to as high as 20. The upfront plant building costs are also vastly higher than for coal, natural gas or any other source. Continue reading
World must “embrace nuclear power” says AREVA
“Nuclear is the cheapest” power source, Besnainou said
Areva Executive Praises Nuclear Power, Urges Loan Guarantees – WSJ.comBy Yuliya Chernova Of DOW JONES VENTUREWIRE NEW YORK 4 April 11, –-Jacques Besnainou, chief executive of the U.S. arm of nuclear giant Areva SA (CEI.FR, ARVCY), said that the world must embrace nuclear power and advocated the continuation of U.S. federal loan guarantees for new nuclear power plants. Continue reading
France’s nuclear plant owners not liable for accident costs
Whereas nuclear power plants are liable under German regulations for damages of up to 2.5 billion euros, for example, those in France can be found only liable for just 91.5 million.
“It is unfair that a nuclear power plant only needs to insure itself against a fraction of its risks.” Green European MP Claude Turmes told the business magazine.
Pressure rising on Europe’s nuclear plant owners Reuters Apr 3, 2011 “….. FATAL EXPANSION Separately, WirtschaftsWoche reported Oettinger plans to talk to nuclear power plant operators and insurers in Brussels on Tuesday about harmonising liabilities across the EU, seen as an implicit subsidy for operators in certain countries. Continue reading
Europe’s nuclear plant owners face big obstacles
Pressure rising on Europe’s nuclear plant owners Reuters Apr 3, 2011
Some reactors likely to fail stress test – EU’s Oettinger
* EU plans crackdown on low insurance costs – magazine
* Germany can do without nuclear power before 2020 -Greens
By Christiaan Hetzner BERLIN, April 3 (Reuters) – Some of Europe’s 143 nuclear reactors are likely to fail a test simulating terrorist attacks, an EU Commissioner said, and others will likely see insurance bills soar as politicians try to tighten regulations. Continue reading
As Japan proposes to get bone marrow cells from workers, global nuclear industry prospec ts dim
If the past is any guide, the problems at Fukishima will slow or even freeze the construction of plants in many countries.
Walsh: Fukushima will slow or even freeze building of nuclear plants in many countries – In the Arena – CNN.com James Walsh, 2 April 11, TIME magazine reports that Japanese authorities have proposed, as a precautionary measure, the harvesting and banking of the stem cells from the bone marrow of workers at the crippled Fukushima nuclear power plant. Those cells could be transplanted back in workers who were exposed to too much radiation. How much danger are these workers in? Continue reading
Investors and power generators turning to non nuclear energy sources
Meanwhile, power generators are turning elsewhere to meet the nation’s growing energy needs.
According to the Energy Information Administration, the U.S. added 23,144 megawatts of non-nuclear power generating capacity in 2009, the equivalent of about 23 atomic reactors.
Nuclear industry’s other big hurdle: finance NRG put brakes on new plant; industry aims at loan guarantees By Steve Gelsi, MarketWatch, 1 April 11, “……..with the cost of a plant reaching $6 billion or more, and its income stream years away, the payoff for investors is not terribly appealing, Dobson said. Safety concerns and regulatory scrutiny resulting from the Fukushima accident merely add to a murky financing mix, he said. Continue reading
1 This Month
PLEASE OPPOSE HR 8255 AND S.3639 – bills would accelerate satellite deployment, with no environmental review or safeguards – https://ncstd5li.quorum.us/campaign/169331/
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