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Uranium market in doubt with China’s new nuclear fuel technology

BMO Capital Markets analyst Edward Sterck suggested the technology could reduce future uranium demand and potentially weigh on prices

Uranium Spot Market Quiet as China Hints at Revolutionary Advancements | Uranium Investing News, 4 Jan 2011, The first decade of the millennium ended with uranium spot market prices remaining unchanged for a third week after trading in the spot market slowed….. Continue reading →

January 6, 2011 Posted by | business and costs, China, Uranium | Leave a comment

Dim outlook in USA for French nuclear company EDF

EDF faces an uphill struggle………. the longer the EDF process draws out, the more it is likely to be tied up by political and economic constraints, beyond the overarching debate about the future of US nuclear energy….

EDF’s role in US nuclear market is clouded, Google hosted news, By Marc Jourdier (AFP) –30 Dec 10, WASHINGTON — Time may be running out for French energy giant EDF to gain a stronger foothold in the US nuclear sector, Continue reading →

December 30, 2010 Posted by | business and costs, France | Leave a comment

Third shutdown this year for a Brown’s Ferry nuclear plant

Brown’s Ferry Nuclear Plant Unit Shut Down Again « Chattanooga Pulseby Gary PooleDecember 28, 2010 – Officials at the Brown’s Ferry nuclear power station in North Alabama were forced to shut down on of their units for the third time this year. TVA workers noticed an unusual vibration in the third unit on Sunday.They immediately lowered the output to the nuclear reactor, and when the vibrations continued proceeded to shutdown the entire unit.The unit will remain offline until it can be completely checked out by TVA and NRC officials.This is the third time units at Browns Ferry have been taken offline this year, first in June and then again in August…. Brown’s Ferry Nuclear Plant Unit Shut Down Again « Chattanooga Pulse

December 29, 2010 Posted by | business and costs, USA | Leave a comment

Uranium mill in Colorado will not help local unemployment

A new report estimates that the employment impact of the mill near Paradox, Colo., will be small and its socioeconomic impacts more bad than good.

Weeks out from uranium decision, new negative report, Telluride Daily Planet   ’By Matthew Beaudin , December 26, 2010 “…….A uranium mill is planned smack in the middle of the Paradox Valley, about 60 miles west of Telluride. The Colorado Department of Public Health and Environment will decide by mid-January if the mill is permitted. Continue reading →

December 27, 2010 Posted by | business and costs, Uranium, USA | Leave a comment

Money for unproven nuclear fusion better spent on renewable energy

The EU’s eventual contribution to [nuclear fusion] construction is now expected to be around €6.6 bn……€6 billion would go a long way to helping us develop cheaper more efficient renewable energy technologies

A Christmas whimsy- and an unwanted present, environmentalresearchweb,  by Dave Elliott December 25, 2010 As a lapsed nuclear physicist, nowadays active in the renewable energy policy area, I sometimes make forays back to see how the subject in progressing…..one of the reasons why I got out of nuclear research. It seems that, while often touted as being a ‘clean’ option, fusion still has safety issues, just like fission……

Continue reading →

December 27, 2010 Posted by | business and costs, EUROPE | 1 Comment

$20 billion for Turkey’s nuclear reactor, wastes to go to Russia

Turkey’s first nuclear power plant to cost about $20 bln, WORLD BULLETIN- TURKEY NEWS, 16 Dec 10, On a question about nuclear waste disposal, Lokshin said that nuclear waste would be returned to Russia to be buried. Turkey’s first nuclear power plant, planned to be built by Russian state nuclear company on the southern coast of the country, would cost around $20 billion, a Russian official said on Wednesday…..Turkey’s first nuclear power plant to cost about $20 bln [ WORLD BULLETIN- TURKEY NEWS, WORLD NEWS ]

December 16, 2010 Posted by | business and costs, Turkey | 1 Comment

AREVA nuclear company in the economic doldrums

Drumming up investor interest in such a politically sensitive business has proved tough……………..there are good industrial reasons why even long-term investors are wary of Areva. ….. growth in new nuclear capacity is sluggish.

Areva Capital Raise Is Just a Stopgap – WSJ.com,

By MATTHEW CURTIN

14 Dec 10, Selling 15% of Areva to strategic investors was supposed to herald a fresh start for France’s state-owned nuclear-technology champion after years of dithering. Instead, the government has come up with a temporary fix Continue reading →

December 14, 2010 Posted by | business and costs, France | Leave a comment

Nuclear reactor problems add to Sweden’s electricity costs

Vattenfall ….reduced capacity at one of its four reactors…OKG AB,……..technical problems with its third and largest reactor.

Swedish Electricity Prices Hike As Nuclear Problems Remain – WSJ.com, By Sven Grundberg, 14 Dec 10, STOCKHOLM (Dow Jones)–Swedish electricity prices remain at unusually high levels due to extraordinary cold and dry weather and continued problems at two nuclear power plants… Continue reading →

December 14, 2010 Posted by | business and costs, Sweden | Leave a comment

Costly replacement parts to keep decrepit Oyster Creek nuclear reactor going

Oyster Creek nuclear power plant faces transformer replacement POWER-GEN WorldWide, Dec 10, 2010 Exelon’s 619 MW Oyster Creek nuclear power plant will have to replace a brand-new $16 million transformer that did not work properly. The faulty transformer was installed along with another new one on Dec. 3. The new equipment and the cost of installing it totaled $33 million.Exelon said December 8 it will retire Oyster Creek in 2019, 10 years before its license is set to expire.
“It (the faulty transformer) is an example of the large cost of capital expenses, but this wasn’t part of that decision,” said plant spokesman David Benson. “We had expected both of these transformers to work.”.. Oyster Creek nuclear power plant faces transformer replacement – POWER-GEN WorldWide

December 11, 2010 Posted by | business and costs, USA | Leave a comment

Fundraising for AREVA to meet its financial needs

Though President Nicolas Sarkozy gave his blessing last year to a sale of 15 per cent of Areva’s shares to strategic industrial and financial partners, the process has been beset by controversy and public bickering among France’s nuclear champions…………

French state in U-turn on Areva listing,  FT.com By Peggy Hollinger in Paris  December 10 2010 20:11 The French government is aiming to bring Areva to a full market listing before June next year in a U-turn on the future of the strategic and politically sensitive nuclear group. Continue reading →

December 11, 2010 Posted by | business and costs, France | Leave a comment

Uncertainty about nuclear wastes makes projected nuclear energy costs unreliable

Study assesses nuclear power assumptions, ScienceDaily (Dec. 9, 2010) — A broad review of current research on nuclear power economics has been published in the Journal of Renewable and Sustainable Energy. The report concludes that nuclear power will continue to be a viable power source but that the current fuel cycle is not sustainable. Due to uncertainty about waste management, any projection of future costs must be built on basic assumptions that are not grounded in real data…….Study assesses nuclear power assumptions

December 10, 2010 Posted by | 2 WORLD, business and costs | Leave a comment

Nuclear plant to close 10 years earlier, rather than install cooling towers

NJ Nuke Plant Closing 10 Years Early Oldest US nuke plant to close 10 years early, won’t have to build cooling towers, ABC News, The Associated Press By ANGELA DELLI SANTI and WAYNE PARRY  TRENTON, N.J. December 8, 2010
The nation’s oldest nuclear power plant will close in 2019 — 10 years earlier than planned Continue reading →

December 9, 2010 Posted by | business and costs, USA | Leave a comment

France selling India increasingly costly, untested, nuclear reactors

India is slated to purchase up to six of these reactors, of which the first two alone carry an estimated price tag of €11 billion…..The exact cost of each EPR in India has not been disclosed…..If the regulator asks for an additional safety system, for example, that could increase the price of the plant. If I was India, I would wait to see when that happened.”

India racing to buy an untried reactor?, The Hindu, 6 Dec 2010,  The EPR is still a reactor in the making, whose design is likely to undergo serious modification before it can be built as a series.The announcement last week by the Finnish utility TVO of yet another year-long delay in the construction of the new Areva European Pressurised Reactor/Evolutionary Power Reactor (EPR) being built at Olkiluoto in southern Finland has re-launched the controversy surrounding the world’s biggest, most expensive and as yet untried nuclear reactor. Continue reading →

December 6, 2010 Posted by | business and costs, India | 1 Comment

Nuclear power doubts by South Africa’s industry and finance groups

SAfrica nuclear plan comes under fire by industry |   Reuters, By Agnieszka Flak, 4 Dec 10, JOHANNESBURG   South Africa’s proposed plan to build six new nuclear plants by 2030 came under scrutiny on Friday as industrial leaders, bankers and environmentalists questioned cost, timelines and feasibility in public hearings. Continue reading →

December 4, 2010 Posted by | business and costs, South Africa | Leave a comment

Renewable energy getting cheaper than nuclear

the cheapest renewable energy sources – including landfill gas, onshore wind, conventional geothermal and hydro – are already cost-competitive with conventional nuclear energy power plants.

Study: Nuclear Power Will Be Pricier Than Other Renewables by 2020 The Energy Collective  December 2, 2010 by Big Gav2 NUCLEAR energy will be more expensive than most forms of renewable energy by 2020 according to a paper by the University of NSW energy expert Mark Diesendorf. Continue reading →

December 3, 2010 Posted by | 2 WORLD, business and costs | Leave a comment

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