Mexico finding that gas is cheaper than nuclear power
Mexico Delays Decision on New Nuclear Plants as Gas Price Falls, By Carlos Manuel Rodriguez Sept. 14 (Bloomberg) — Mexico, one of three Latin American nations that use nuclear power, is delaying by as much as two years a decision on building nuclear plants as lower natural-gas prices reduce the attraction of the alternative energy source…
…A final decision on whether to build new nuclear plants and the quantity will be based on cost-effective “technical” factors, including the outlook for gas prices, Kessel said……In the U.S., lower gas prices, combined with less demand for electricity because of the weak economy, has slowed investments in renewable-energy projects and may prevent expansion of nuclear energy, NextEra Energy Inc. Chief Executive Officer Lewis Hay said in a June 23 interview.
Looks like Poland can’t afford AREVA”s (or anybody’s) nukes
“Poland’s nuclear target sounds a little bit tough to me as there are few financing opportunities out there right now,”
Analysis: Polish nuclear project faces further delays, By Patryk Wasilewski Sep 14, 2010 WARSAW (Reuters) – Legal hurdles, funding problems and a lack of skilled workers will likely push Poland’s plans to build the country’s first nuclear power plant beyond 2022, further delaying the some 18-billion euro project…… Continue reading
In 15 years, America’s nuclear firms will be liable for accident costs!
Indians have little to gain from caving to U.S. pressure….nuclear electricity is still one of the most uneconomical ways for it to meet its near and mid-term power requirements……..
More important, domestic U.S. legal nuclear liability caps will sunset in 15 years and leave firms totally exposed in the case of a nuclear accident…….
India Unmasks America’s Nuclear Liabilities – WSJ.com, * SEPTEMBER 13, 2010 Private companies should insure themselves, not ask Delhi to do it for them. By HENRY SOKOLSKI
India’s parliament last week gave the U.S. nuclear industry the legal equivalent of a Bronx cheer: It passed a law that denied American firms legal immunity from being sued in the event of a nuclear accident. Continue reading
America’s nuclear industry near death – begging for money
As renewables plummet in cost, and private financing stays nil, the nuclear industry is desperate to gouge billions from Congress for loan guarantees to build new reactors. Thus far, citizen activism has stopped them. But the industry is pouring all it has into this fall’s short session, yet again demanding massive new subsides to stay on life support
Is the “Nuclear Renaissance” Dead Yet?, HUFFINGTON POST, Harvey Wasserman: 13 Sept 2010, America’s much hyped “reactor renaissance” is facing a quadruple bypass. In actual new construction, proposed projects and overseas sales, soaring costs are killing new nukes. And the old ones are leaking like Dark Age relics on the brink of disaster. Continue reading
USA grassroots anti-nuclear movement against massive spending by nuclear lobby
it is now clearer than ever that atomic energy cannot compete, that new construction means new rate hikes, that delays and cost overruns will always outstrip the industry’s initial public assurances,
Is the “Nuclear Renaissance” Dead Yet?, HUFFINGTON POST, Harvey Wasserman: 13 Sept 2010, “…..According to official records, the nuclear industry has spent at least $645 million in the past decade lobbying for taxpayer handouts. It got $18.5 billion in loan guarantees from the Bush Administration in 2005. Obama has asked for some $36 billion more. But so far a national grassroots movement has kept that from happening. Continue reading
The ‘nuclear renaissance’ just isn’t happening
“No one has ever built a nuclear plant in a liberalised electricity market,”….Mr Roderick of GE Hitachi observes that in the past five years, only a fraction of the proposed reactor projects went ahead, and he expects the same to be true in the next five years…….
Nuclear: New dawn now seems limited to the east, FT.com, By Ed Crooks: September 12 2010 The renaissance of nuclear power is a much fabled beast that is often talked about but rarely seen. Continue reading
Even if they go ahead, dubious profitability for Germany’s old nuclear plants
E.On: tax eats profits from nuclear extension-paper Reuters, FRANKFURT, Sept 12 – E.On EOGn.DE says taxes will eat up between half and two thirds of all profits generated from extending the lifespan of nuclear power stations in Germany, Frankfurter Allgemeine Sonntagszeitung said on Sunday.”The state will definitely take more than half and combined with the nuclear fuel tax likely cash in two thirds,” E.On CEO Johannes Teyssen said in an interview with the paper.New tax measures are set to be introduced as part of a deal struck between the utilities and the German government earlier this month to extend the operating lifespan of 17 nuclear power plants, giving reactors an extension of about 12 years on average. …….E.On: tax eats profits from nuclear extension-paper | Energy & Oil | Reuters
Renewable energy 17%, nuclear 2% in new generation since 2000
Globally, the shift to clean energy sources has been gradual. Since 2000, nearly a third of new power generation has come from burning coal. Another third has been fired by natural gas – less greenhouse gas-intensive, but still a fossil fuel. Carbon dioxide-free energy sources have made up less than one fifth of the new generation. Of that, 17 per cent has been renewable energy – largely solar, wind and hydroelectricity…….Nuclear power, the largest source of installed low-carbon energy, has declined markedly since the 1980s and made up just 2 per cent.
Nuclear power, the largest source of installed low-carbon energy, has declined markedly since the 1980s and made up just 2 per cent.
Limit on climate, and the catch, The Age, Adam Morton, September 10, 2010 Continue reading
USA’s nuclear salesmen in a turmoil over India’s Nuclear Liability Bill
US fears Indian nuclear liability law may deter foreign suppliers – The Economic Times, 7 Sept 10, WASHINGTON: The passage of a nuclear liability bill by Parliament making suppliers of nuclear equipment also potentially liable threatens to cast a long shadow over India’s plans to open an estimated $150 billion nuclear market to foreign companies. Continue reading
Florida residents have to pay up in advance for nuclear plant extensions that are not yet scrutinized
Germany’s local electricity companies the losers if old nuclear plants continue
Local utilities want compensation after German nuclear power deal | Germany | Deutsche Welle | 07.09.2010, Gregg Benzow, Municipal electric utility companies have asked for financial compensation to offset losses they say they will incur from a decision to extend the lifespan of Germany’s nuclear power plants. Continue reading
USA, Russia desperate to sell nuclear reactors to the Third World
Nuclear power in Vietnam: the US and Russia compete, FT.com, September 6, 2010 by Matt Steinglass “…… today Russia and America are again jockeying for influence in Vietnam, and this time they’re offering reactors.
The head of the Russian state-owned nuclear power monopoly Rosatom, Sergei Kirienko, (at left) was in Hanoi on Friday, shaking hands with Prime Minister Nguyen Tan Dung………
Meanwhile, Hanoi has been working towards a Section 123 Agreement with the US, which would allow it to import American
Westinghouse Electric and Japan’s Hitachi-GE Nuclear Energy, both of which use American technology, are bidding on the contract for Vietnam’s second reactor.
Nuclear power in Vietnam: the US and Russia compete | beyondbrics | FT.com
Shutdown of South African nuclear plant
Ezulwini uranium plant closes for repairs, World Nuclear News, 1 Sept 10, Toronto-based First Uranium has temporarily closed its Ezulwini uranium plant in South Africa to replace two columns in the ion exchange section following a structural failure on a loading column. The company said that the plant will remain offline while two replacement columns are designed, manufactured, installed and commissioned. The work is expected to be completed by the end of 2010. The company said that the anticipated impact of the temporary shut down on its cash flow, loss in uranium sales and rescheduled capital is some $1.2 million….the ramping up of gold and uranium production from the Ezulwini mine has been slower than expected.
‘Decommissioning’ nuclear reactors becoming unaffordable
The fund, set up to pay for the Vernon reactor’s eventual dismantlement and removal of radioactive components, has come under fire from lawmakers and nuclear watchdog groups as having less in it than will be needed…..
Vt. auditor: Raise nuke plant shutdown fund checks BusinessWeek, 31 Aug 2010, MONTPELIER, Vt.Vermont state Auditor Tom Salmon says the state should do a better job tracking the Vermont Yankee nuclear plant’s decommissioning fund. Continue reading
Spiralling costs threaten nuclear industry – France, UK, Bulgaria
A particular concern is the specter of spiraling costs at a high-profile project at Olkiluoto in Finland, where Areva, a French nuclear reactor builder, agreed in 2005 to build a next-generation plant, called E.P.R.
New Warnings About Costs of Nuclear Power in Bulgaria and Britain – NYTimes.com August 31, 2010, By JAMES KANTER As anticipation grows about a possible renaissance for the nuclear power industry — and about its potential for curbing greenhouse gas emissions — some politicians are stepping up warnings about the high cost of such projects. Continue reading
1 This Month
19 November – Webinar – The Reality of Reprocessing
Time: 11:00 AM Pacific Time (US & Canada) / 2:00 PM Eastern / 7:00 PM UK / 8:00 PM CET
Register for the Zoom Event Here
Shut down the radiation-damaged Heysham nuclear reactors now
To see nuclear-related stories in greater depth and intensity – go to https://nuclearinformation.wordpress.com
Say No to NASA’s Reckless Nuclear Reactor on the Moon
Say No to NASA’s Reckless Nuclear Reactor on the Moon
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