EU clears French rescue of troubled nuclear firm Areva http://www.business-standard.com/article/pti-stories/eu-clears-french-rescue-of-troubled-nuclear-firm-areva-117011001343_1.html AFP | Brussels January 10, 2017 EU anti-trust regulators today cleared the French government’s massive restructuring of troubled state-owned nuclear reactor builder Areva.
Problem-prone Areva, which is 87-per cent owned by the French state, has faced severe difficulties since 2011, when the Fukushima disaster in Japan called nuclear power generation into question across the world.
In April, Paris notified the
EU Commission of an big restructuring plan to save the national champion that included a massive payout from public coffers.
“The European Commission has concluded that French plans to grant a capital injection of 4.5 billion euros (USD 4.75 billion) to Areva are in line with EU state aid rules,” a statement said.
The Commission added that other regulatory decisions were still needed, including a greenlight by the EU on the buyout of Areva’s reactor business by EDF, the French state-owned electricity supplier. Areva’s woes were compounded by construction problems affecting its first EPR reactor in Finland — now expected to open nine years late in 2018 — putting company finances deep into the red.
In addition, Areva’s former CEO Anne Lauvergeon has been charged in a case linked to the company’s disastrous 2007 purchase of a Canadian uranium mining firm.
EDF, also majority-owned by the French state, agreed in June 2015 to purchase up to 75 per cent of Areva’s reactor unit at a valuation of around 2.7 billion euros, with the deal expected to be finalised in 2017.
France sees nuclear energy as a key national industry and the government has been closely involved in talks to restructure the sector.
The French state has already poured in billions to keep Areva afloat and thousands of French workers in their jobs.
January 14, 2017
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Taiwan to end nuclear power generation by 2025 http://www.digitimes.com/news/a20170112VL201.html Adam Hwang, DIGITIMES, Taipei [Thursday 12 January 2017]
Taiwan’s legislature has amended the Electricity Act, ending nuclear power generation in the country by 2025 and liberalizing the local electricity market.
Taiwan currently has three operational nuclear power plants.
The amendments stipulate the state-run Taiwan Power Company (Taipower) go private and separate its business operations into independent electricity generation, distribution and sale business units in six to nine years.
The revamped law also gives renewable energy priority to go on grid and allows its direct sale from generators to users. Currently all electricity must be sold through Taipower.
The Taiwan government will establish an electricity price stabilization fund to prevent drastic fluctuations in electricity price.
January 13, 2017
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politics, Taiwan |
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An engineer’s perspective on the Indian Point shutdown http://enformable.com/2017/01/an-engineers-perspective-on-the-indian-point-shutdown/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Enformable+%28Enformable%29 Author: Karl Grossman, 11 Jan 17
The good—the very good—energy news is that the Indian Point nuclear power plants 26 miles north of New York City will be closed in the next few years under an agreement reached between New York State and the plants’ owner, Entergy.
New York Governor Andrew Cuomo has long been calling for the plants to be shut down because, as the New York Times related in its story on the pact, they pose “too great a risk to New York City.” Environmental and safe-energy organizations have been highly active for decades in working for the shutdown of the plants. Under the agreement, one Indian Point plant will shut down by April 2020, the second by April 2021.
They would be among the many nuclear power plants in the U.S. which their owners have in recent years decided to close or have announced will be shut down in a few years.
This comes in the face of nuclear power plant accidents—the most recent the ongoing Fukushima nuclear disaster in Japan—and competitive power being less expensive including renewable and safe solar and wind energy.
Last year the Fort Calhoun nuclear plant in Nebraska closed following the shutdowns of Kewanee in Wisconsin, Vermont Yankee in Vermont, Crystal River 3 in Florida and both San Onofre 2 and 3 in California. Nuclear plant operators say they will close Palisades in Michigan next year and then Oyster Creek in New Jersey and Pilgrim in Massachusetts in 2019 and California’s Diablo Canyon 1 in 2024 and Diablo Canyon 3 in 2025.
This brings the number of nuclear plants down to a few more than 90—a far cry from President Richard Nixon’s scheme to have 1,000 nuclear plants in the U.S. by the year 2000.
But the bad—the very bad—energy news is that there are still many promoters of nuclear power in industry and government still pushing and, most importantly, the transition team of incoming President Donald Trump has been “asking for ways to keep nuclear power alive,” as Bloomberg news reported last month.
As I was reading last week the first reports on the Indian Point agreement, I received a phone call from an engineer who has been in the nuclear industry for more than 30 years—with his view of the situation.
The engineer, employed at nuclear plants and for a major nuclear plant manufacturer, wanted to relate that even with the Indian Point news—“and I’d keep my fingers crossed that there is no disaster involving those aged Indian Point plants in those next three or four years”—nuclear power remains a “ticking time bomb.” Concerned about retaliation, he asked his name not be published.
Here is some of the information he passed on—a story of experiences of an engineer in the nuclear power industry for more than three decades and his warnings and expectations.
THE SECRETIVE INPO REPORT SYSTEM
Several months after the accident at the Three Mile Island nuclear plant in Pennsylvania in March 1979, the nuclear industry set up the Institute of Nuclear Power Operations (INPO) based in Atlanta, Georgia. The idea was to have a nuclear industry group that “would share information” on problems and incidents at nuclear power plants, he said.
If there is a problem at one nuclear power plant, through an INPO report it is communicated to other nuclear plant operators. Thus the various plant operators could “cross-reference” happenings at other plants and determine if they might apply to them.
The reports are “coded by color,” explained the engineer. Those which are “green” involve an incident or condition that might or might not indicate a wider problem. A “yellow” report is on an occurrence “that could cause significant problems down the road.” A “red” report is the most serious and represents “a problem that could have led to a core meltdown”—and could be present widely among nuclear plants and for which action needs to be taken immediately.
The engineer said he has read more than 100 “Code Red” reports. What they reflect, he said, is that “we’ve been very, very lucky so far!”
If the general public would see these “red” reports, its view on nuclear power would turn strongly negative, said the engineer.
But this is prevented by INPO, “created and solely funded by the nuclear industry,” thus its reports “are not covered by the U.S. Freedom of Information Act and are regarded as highly secretive.” The reports should be required to be made public, said the engineer. “It’s high time the country wakes up to the dangers we undergo with nuclear power plants.”
THE NRC INSPECTION FARCE
The U.S. Nuclear Regulatory Commission (NRC) is supposed to be the federal agency that is the watchdog over nuclear power plants and it frequently boasts of how it has “two resident inspectors” at each nuclear power plant in the nation, he noted.
However, explained the engineer, “the NRC inspectors are not allowed to go into the plant on their own. They have to be escorted. There can be no surprise inspections. Indeed, the only inspections that can be made are those that come after the NRC inspectors “get permission from upper management at the plant.”
The inspectors “have to contact upper management and say they want to inspect an area. The word is then passed down from management that inspectors are coming—so ‘clean up’ whatever is the situation is.”
“The inspectors hands are tied,” said the engineer.
THE 60- AND NOW 80-YEAR OPERATING DELUSION
When nuclear power plants were first designed decades ago, explained the engineer, the extent of their mechanical life was established at 40 years. The engineer is highly familiar with these calculations having worked for a leading manufacturer of nuclear plants, General Electric.
The components in nuclear plants, particularly their steel parts, “have an inherent working shelf life,” said the engineer.
In determining the 40-year total operating time, the engineer said that calculated were elements that included the wear and tear of refueling cycles, emergency shutdowns and the “nuclear embrittlement from radioactivity that impacts on the nuclear reactor vessel itself including the head bolts and other related piping, and what the entire system can handle. Further, the reactor vessel is the one component in a nuclear plant that can never be replaced because it becomes so hot with radioactivity. If a reactor vessel cracks, there is no way of repairing it and any certainty of containment of radioactivity is not guaranteed.”
Thus the U.S. government limited the operating licenses it issued for all nuclear power plants to 40 years. However, in recent times the NRC has “rubber-stamped license extensions” of an additional 20 years now to more than 85 of the nuclear plants in the country—permitting them to run for 60 years. Moreover, a push is now on, led by nuclear plant owners Exelon and Dominion, to have the NRC grant license extensions of 20 additional years—to let nuclear plants run for 80 years.
Exelon, the owner of the largest number of nuclear plants in the U.S., last year announced it would ask the NRC to extend the operating licenses of its two Peach Bottom plants in Pennsylvania to 80 years. Dominion declared earlier that it would seek NRC approval to run its two Surry nuclear power plants in Virginia for 80 years.
“That a nuclear plant can run for 60 years or 80 years is wishful thinking,” said the engineer. “The industry has thrown out the window all the data developed about the lifetime of a nuclear plant. It would ignore the standards to benefit their wallets, for greed, with total disregard for the country’s safety.”
The engineer went on that since “Day One” of nuclear power, because of the danger of the technology, “they’ve been playing Russian roulette—putting one bullet in the chamber and hoping that it would not fire. By going to 60 years and now possibly to 80 years, “they’re putting all the bullets in every chamber—and taking out only one and pulling the trigger.”
Further, what the NRC has also been doing is not only letting nuclear plants operate longer but “uprating” them—allowing them to run “hotter and harder” to generate more electricity and ostensibly more profit. “Catastrophe is being invited,” said the engineer.
THE CARBON-FREE MYTH
A big argument of nuclear promoters in a period of global warming and climate change is that “reactors aren’t putting greenhouse gases out into the atmosphere,” noted the engineer.
But this “completely ignores” the “nuclear chain”—the cycle of the nuclear power process that begins with the mining of uranium and continues with milling, enrichment and fabrication of nuclear fuel “and all of this is carbon intensive.” There are the greenhouse gasses discharged during the construction of the steel and formation of the concrete used in nuclear plants, transportation that is required, and in the construction of the plants themselves.
“It comes back to a net gain of zero,” said the engineer.
Meanwhile, “we have so many ways of generating electric power that are far more truly carbon-free.”
THE BOTTOM LINE
“The bottom line,” said the engineer, “is that radioactivity is the deadliest material which exists on the face of this planet—and we have no way of controlling it once it is out. With radioactivity, you can’t see it, smell it, touch it or hear it—and you can’t clean it up. There is nothing with which we can suck up radiation.”
Once in the atmosphere—once having been emitted from a nuclear plant through routine operation or in an accident—“that radiation is out there killing living tissue whether it be plant, animal or human life and causing illness and death.”
What about the claim by the nuclear industry and promoters of nuclear power within the federal government of a “new generation” of nuclear power plants that would be safer? The only difference, said the engineer, is that it might be a “different kind of gun—but it will have the same bullets: radioactivity that kills.”
The engineer said “I’d like to see every nuclear plant shut down—yesterday.”
In announcing the agreement on the closing of Indian Point, Governor Cuomo described it as a “ticking time bomb.” There are more of them. Nuclear power overall remains, as the experienced engineer from the nuclear industry said, a “ticking time bomb.”
And every nuclear power plant needs to be shut down.
January 13, 2017
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climate change, politics, Reference, safety |
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France, which owns 87% of Areva, said it would offer €4.5 per Areva SA share to minority investors which include Kuwait’s investment fund and French energy group Total Paris: France will buy out minority shareholders in Areva and delist the troubled nuclear group, the government said on Wednesday as talks with potential investors in a new nuclear fuel company being spun out of Areva neared a conclusion.
The state, which owns 87% of Areva, said it would offer €4.5 per Areva SA share to minority investors which include Kuwait’s investment fund, French utility EDF and French energy group Total.
Areva’s shares have fallen by as much as 90% from their 2007 highs as the group chalked up repeated losses. The stock was suspended on Tuesday at €5.2.
European Union (EU) antitrust regulators approved the French government’s plan to inject €4.5 billion ($4.8 billion) into Areva on Tuesday, saying the rescue would not unduly distort competition.
The ruling will allow Areva, whose capital has been wiped out by years of losses, to restart as a smaller firm focused on uranium mining and nuclear fuel production and recycling.
Legacy Areva SA—the firm left over after this split and the sale of Areva’s reactor unit to state-controlled EDF—will get a €2 billion capital increase and will hold the liabilities related to the troubled Olkiluoto 3 project in Finland, which has been hit by delays.
Areva said negotiations with unspecified investors in the new company were being finalised. It said last month that two investors have made a €500 million ($526.40 million) offer for a combined 10% stake in the new entity.
Paris: France will buy out minority shareholders in Areva and delist the troubled nuclear group, the government said on Wednesday as talks with potential investors in a new nuclear fuel company being spun out of Areva neared a conclusion.
The state, which owns 87% of Areva, said it would offer €4.5 per Areva SA share to minority investors which include Kuwait’s investment fund, French utility EDF and French energy group Total.
Areva’s shares have fallen by as much as 90% from their 2007 highs as the group chalked up repeated losses. The stock was suspended on Tuesday at €5.2.
European Union (EU) antitrust regulators approved the French government’s plan to inject €4.5 billion ($4.8 billion) into Areva on Tuesday, saying the rescue would not unduly distort competition.
The ruling will allow Areva, whose capital has been wiped out by years of losses, to restart as a smaller firm focused on uranium mining and nuclear fuel production and recycling.
Legacy Areva SA—the firm left over after this split and the sale of Areva’s reactor unit to state-controlled EDF—will get a €2 billion capital increase and will hold the liabilities related to the troubled Olkiluoto 3 project in Finland, which has been hit by delays.
Areva said negotiations with unspecified investors in the new company were being finalised. It said last month that two investors have made a €500 million ($526.40 million) offer for a combined 10% stake in the new entity.
A person familiar with the situation said the two investors are Japan’s Mitsubishi Heavy Industries and JNFL. Talks are continuing with China’s National Nuclear Corporation about also taking a minority stake.
“These talks are continuing and focus on governance issues, and on the issue of the balance between the different third-party investor parties,” French industry minister Christophe Sirugue told Reuters in an interview.
Sirugue, who said he had discussed the governance issue with Chinese vice-premier Ma Kai during his visit to France in November, added that the make-up of the board of the new company is another important issue in the talks. Reuters
January 13, 2017
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Mattis strikes sharp contrast to Trump on F-35, nuclear weapons 12 JANUARY, 2017: FLIGHTGLOBAL.COM BY: LEIGH GIANGRECO WASHINGTON DC
Donald Trump’s nominee for secretary of defense supports Lockheed Martin’s F-35 Joint Strike Fighter programme, the NATO alliance and restrained use of nuclear weapons during his confirmation hearing, marking a stark departure from the president-elect……..https://www.flightglobal.com/news/articles/mattis-strikes-sharp-contrast-to-trump-on-f-35-nuc-433139/
January 13, 2017
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Tillerson and Trump at odds on nuclear http://www.news.com.au/world/breaking-news/tillerson-and-trump-at-odds-on-nuclear/news-story/20c6219abce5929b3aa29ef8f2095b8d JANUARY 12, 2017
US Secretary of State nominee Rex Tillerson says that he doesn’t agree with President-elect Donald Trump’s comments that it would not be a bad thing if other countries, including Japan, acquired nuclear weapons.
Asked by Democratic Senator Edward Markey about Trump’s comments, Tillerson said during his Senate confirmation hearing that he did not think anyone would advocate for more nuclear weapons on the planet.
Pressed further by Markey on whether he agreed with Trump’s remarks, Tillerson replied: “I do not agree.”
January 13, 2017
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Tillerson Backs Paris Climate Agreement At Confirmation Hearing http://oilprice.com/Latest-Energy-News/World-News/Tillerson-Backs-Paris-Climate-Agreement-At-Confirmation-Hearing.html By Irina Slav Oilprice.com Jan 12, 2017, Secretary of State nominee Rex Tillerson said during his Senate confirmation hearing that the U.S. would be better off sticking with the Paris agreement to tackle climate change. His position stands in contrast to President-elect Donald Trump’s stated opposition to the agreement and his intention to break away from the agreement when he enters office.
Climate change was among the topics on which a 21-senator panel grilled Tillerson yesterday, and was also one of the topics on which his stance differed from that of Trump. Also among these were nuclear proliferation, and to a certain extent, Iran.
Asked to comment on Trump statements that he would not object if U.S. allies such as Japan, South Korea, and Saudi Arabia obtained nuclear weapons, Tillerson said that hardly anyone would advocate the global proliferation of nuclear weapons.
As for the Iran deal that several Western governments closed with Iran last year to deter the country from building its own nuclear weapons, Tillerson was wary in his approach, telling the Foreign Relations Committee he would recommend “a full review” of the deal.
Tillerson was also measured in his responses to questions concerning Russia and bilateral relations. Urged by Republican senator – and former Trump rival for the Republican presidential nomination – Marco Rubio to agree that Russia’s President Putin was a war criminal because of Russia’s involvement in Syria, Tillerson declined, saying these were “serious charges to make,” adding that he needed more information before reaching that determination.
Back to climate change and more specifically Exxon’s role in it and its alleged attempt to hide knowledge about the effect of human activity on climate, Tillerson referred the panel to Exxon itself. Asked whether he was unwilling to answer or rather lacking the knowledge that would allow him to do so, Tillerson responded with “A little of both.”
January 13, 2017
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Copeland by-election goes nuclear By Ross HawkinsPolitical correspondent, BBC Radio 4 Today 12 January 2017 “……. Conservatives are putting Jeremy Corbyn at the centre of their Copeland by-election campaign.
His image is all over Tory leaflets, and their logic is very simple. Copeland relies on the nuclear industry and Jeremy Corbyn has opposed new nuclear power stations.
It means that when a by-election date is set, the contest in Cumbria could reveal a lot about how national politics will play out in the coming months. Tories will highlight an issue that divides Mr Corbyn and his colleagues……..
The economy revolves around Sellafield, and job numbers are set to fall there as reprocessing work ends. A new nuclear power station is proposed. Labour backs new nuclear energy, and local politicians certainly do. But Mr Corbyn has made plain in the past that he disagrees.
A policy document for his leadership campaign in 2015 says plainly: “I am opposed to fracking and to new nuclear on the basis of the dangers posed to our ecosystems.”
In a 2011 speech in the wake of the Fukushima disaster he went further, suggesting existing nuclear power stations should be decommissioned………
If it’s successful, a Labour strategy of responding to relentless attacks on Mr Corbyn with an equally relentless focus on the NHS may provide a model for the opposition in the years ahead. http://www.bbc.com/news/uk-politics-38589306
January 13, 2017
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China Is Building Britain ANOTHER Nuclear Reactor, Daily Caller ANDREW FOLLETT Energy and Science Reporter 12 Jan 17 Britain’s nuclear regulators are considering whether another Chinese-funded and designed nuclear reactor should be built in Bradwell, Essex.
The reactor would be funded and designed by the state-controlled China General Nuclear Power Corporation (CGN) and the French power company Électricité de France (EDF). It could take British authorities up to four years to formally approve or reject the new reactor.
“The robust independence of the UK’s regulators is seen across the world as a key strength for nuclear in Britain,” Zhu Minhong, General Manager of CGN in Britain, told Reuters. “CGN and EDF will bring to this enterprise their joint experience in China, Britain and France over many years.”
The U.K.’s previous attempt to build a nuclear power plant with the exact same Chinese company didn’t got well.
British Prime Minister Theresa May almost cancelled a previous China-backed nuclear power plant at Hinkley Point due to its high costs and environmentalist opposition. The U.S. charged the Chinese company behind the Hinkley Point plant with nuclear espionage in August.
A columnist for a Chinese state-run media outlet called May’s reluctance to approve of the Hinkley Point nuclear power project a result of “China-phobia.” CGN agreed to pay about $8 billion of the reactor’s $24 billion dollar cost.
China’s ambassador to Great Britain issued an ultimatum over the delay earlier in August, pointing out Chinese companies have invested more in the U.K. over the past five years than in France, Germany and Italy combined.
EDF agreed in July to build the Hinkley Point nuclear reactors by 2025 after years of delays. If the reactors aren’t built, U.K. taxpayers could be on the hook for $31.6 billion, according to documents released by the government. EDF is still planning to build the reactors, despite the company’s serious financial problems and the fact that the project is below investment grade.
EDF previously delayed making a decision about Hinkley Point several times before finally approving it after already investing $2.85 billion. EDF is more than $40 billion in debt and has a history of abandoning or delaying similar reactors in France……. http://dailycaller.com/2017/01/10/china-is-building-britain-another-nuclear-reactor/#ixzz4VZwv59yK
January 13, 2017
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Indian Point nuke plant to shut down by 2021: Reports http://www.metro.us/new-york/indian-point-nuclear-power-plant-to-shut-down-by-2021/zsJqag—zxZJftzkicyc6/ KIMBERLY M. AQUILINA
Gov. Cuomo is expected to announce an agreement with the plant operators on Tuesday Indian Point nuclear power plant, less than 30 miles from New York City, will close by April 2021 under an agreement New York State reached this week with the utility company that owns the plant, according to several news reports.
One of the reactors will permanently shut downby April 2020, followed by the rest of the plant, which sits on the east bank of the Hudson River, the following year.
Gov. Andrew Cuomo, who supports nuclear power plants in the upper region of the state, has long requested that the Westchester County plant cease operations.
“Why you would allow Indian Point to continue to operate defies common sense, planning and basic sanity,” Cuomo said in June, The New York Times reported.
New York’s Department of State said the Indian Point plant is in violation of state coastal management regulations and that it poses a risk to the 17 million people who live within 50 miles, The Wall Street Journal reported.
However, Cuomo hasn’t confirmed the win for his administration.
“There is no agreement — Governor Cuomo has been working on a possible agreement for 15 years and until it’s done, it’s not done,” spokesman for the governor, Richard Azzopardi, said. “Close only counts for horseshoes, not for nuclear plants.”
The governor is expected to make the announcement in his home county of Westchester on Tuesday, the New York Daily News reported.
The replacement for the energy the plant provides for New York City and Westchester County isn’t clear; the power plant generates more than 2,000 megawatts — 25 percent of the region’s electricity.
Cuomo previously suggested alternative power options, including power from nearby wind farms and hydropower from Quebec.
In 2015, Cuomo’s administration opposed the 20-year recertification request by the plant’s owner, Entergy, citing ecological concerns. The objection stated that the reactor, located near “two active seismic faults,” kills marine life by using 2.5 billion gallons of water of day for cooling and puts drinking water at risk, according to the advocacy group Riverkeeper.
In his 2004 report “Chernobyl on the Hudson? The Health and Economic Impacts of a Terrorist Attack at the Indian Point Nuclear Plant,” Edwin S. Lyman of the Union of Concerned Scientists “found that a core meltdown and radiological release at one of the two operating Indian Point reactors could cause 50,000 near-term deaths from acute radiation syndrome and 14,000 long-term deaths from cancer.”
When asked if New York City’s safety will be affected by the plant closure, Raul Contreras, a spokesman for Mayor Bill de Blasio, said, “The closing of Indian Point must be coupled with a clear understanding of the risks and impact its replacements will have on air quality, energy affordability and reliability.”
A representative from Entergy told Metro on Saturday that the company has no comment at this time on the closure.
January 9, 2017
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Nuclear Energy Dangerous to Your Wallet, Not Only the Environment http://www.counterpunch.org/2016/01/01/nuclear-energy-dangerous-to-your-wallet-not-only-the-environment/ Pete Dolack writes the Systemic Disorder blog and has been an activist with several groups. His book, It’s Not Over: Learning From the Socialist Experiment, is available from Zero Books.
by PETE DOLACK The ongoing environmental disaster at Fukushima is a grim enough reminder of the dangers of nuclear power, but nuclear does not make sense economically, either. The entire industry would not exist without massive government subsidies.
Quite an insult: Subsidies prop up an industry that points a dagger at the heart of the communities where ever it operates. The building of nuclear power plants drastically slowed after the disasters at Three Mile Island and Chernobyl, so it is at a minimum reckless that the latest attempt to resuscitate nuclear power pushes forward heedless of Fukushima’s discharge of radioactive materials into the air, soil and ocean.
There are no definitive statistics on the amount of subsidies enjoyed by nuclear power providers — in part because there so many different types of subsidies — but it amounts to a figure, whether we calculate in dollars, euros or pounds, in the hundreds of billions. Quite a result for an industry whose boosters, at its dawn a half-century ago, declared that it would provide energy “too cheap to meter.”
Taxpayers are not finished footing the bill for the industry, however. There is the matter of disposing radioactive waste (often borne by governments rather than energy companies) and fresh subsidies being granted for new nuclear power plants. None of this is unprecedented — government handouts have the been the industry’s rule from its inception. A paper written by Mark Cooper, a senior economic analyst for the Vermont Law School Institute for Energy and the Environment, notes the lack of economic viability then:
“In the late 1950s the vendors of nuclear reactors knew that their technology was untested and that nuclear safety issues had not been resolved, so they made it clear to policymakers in Washington that they would not build reactors if the Federal government did not shield them from the full liability of accidents.” [page iv]
Nor have the economics of nuclear energy become rational today. A Union of Concerned Scientists paper, Nuclear Power: Still Not Viable Without Subsidies, states:
“Despite the profoundly poor investment experience with taxpayer subsidies to nuclear plants over the past 50 years, the objectives of these new subsidies are precisely the same as the earlier subsidies: to reduce the private cost of capital for new nuclear reactors and to shift the long-term, often multi-generational risks of the nuclear fuel cycle away from investors. And once again, these subsidies to new reactors—whether publicly or privately owned—could end up exceeding the value of the power produced.” [page 3]
The many ways of counting subsidies
Among the goodies routinely given away, according to the Concerned Scientists, are: Continue reading →
January 9, 2017
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NTPC’s efforts to get into nuclear power have slowed down even as the public sector power generation behemoth is focussing more on renewable energy.
A senior company official said the uncertainty due to higher tariff cost, along with some earlier ‘legislative hurdles’ are the reasons for lesser excitement for nuclear power projects.
The Parliament cleared the amendment to the Atomic Energy Act 1962 on December 31, 2015. This allowed the joint venture PSUs (public sector undertakeings) to build and operate nuclear power plants.
Impact of delay
NTPC officials BusinessLine spoke to said that ASHVINI — the joint venture between NTPC and Nuclear Power Corporation of India — was to be allocated the 2×700 MW Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) project in Haryana. But due to delays in the amendment to the law, NPCIL decided to go ahead and build the plant itself.
In 2010, the then Department of Atomic Energy (DAE) Secretary, Srikumar Banerjee, had said that one of the sites identified by the DAE for the 2×700 MW plant would go to a NTPC and NPCIL joint venture company.
In 2011, NTPC-NPCIL formed the Anushakti Vidhyut Nigam Ltd (ASHVINI) with the objective of building nuclear power plants.
But the JV could not begin building nuclear power plants as the Atomic Energy Act did not allow joint ventures of PSUs for the same.
NTPC officials say that the expected power tariff from GHAVP is likely to be close to ₹10/kWh. Further, the plant will be commissioned in another 10 years.
High cost a concern
Assessing the subdued price of power in the country and the low price of renewable energy, officials said that the high tariff cost will be of concern when the plant is commissioned.
Considering that amendments to the Atomic Energy Act have been approved, it is now the prerogative of the DAE to allocate GHAVP to ASHVINI, according to NTPC officials.
In 2014, the estimated cost of the entire project of 28 GW, to be built in two phases, was envisaged at ₹20,594 crore.
January 9, 2017
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India, politics |
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Why solar power poses a very tricky problem for Donald Trump, The Week, Ryan Cooper , 6 Jan 17 The worst imaginable president for climate change might be about to take power, but solar is still a bright spot. The technology and business infrastructure of solar panel manufacturing has been getting better at a blistering pace, and the latest estimates conclude that solar will surpass coal as the cheapest electricity source within a single decade — and in many places, it already has.
This raises the question of what President Trump will do about the solar business. Most Republicans, Trump included, are heavily committed to filth-spewing power sources like coal and natural gas, and deny the science of climate change. But while Republicans will no doubt want to use regulations and subsidies to prop up fossil fuels and keep down renewables, Trump has shown a bizarre fixation with U.S.-based manufacturing jobs that might just redound to solar’s benefit.
The latest estimate of solar panels’ economic viability comes via Bloomberg New Energy Finance. The price of solar power has plummeted by 62 percent merely since 2009. Taking into account current trends and planned technological developments, they estimate solar will be on average the world’s cheapest power source by about 2026, without subsidies of any kind.
That average hides much variability, of course — in some sunny regions, solar is already astoundingly cheap:…….
Republicans will likely respond to the growth of solar by trying to stamp it out by allowing fossil fuels to pollute to their heart’s content (thus granting them a huge implicit subsidy), and passing burdensome new regulations on renewables. On the face of it, this fits well with Donald Trump’s campaign, which was all about valorizing traditionally masculine jobs, particularly in manufacturing and manual labor. In the conservative shorthand, coal is tough and cool, while renewables are for sissy Prius-drivers.
But on the other hand, this stereotype is wildly at odds with the actual reality of the solar business. Solar panels must be manufactured (as of 2015, there were about 30,000 such jobs in the United States) and installed by manual laborers (120,000 jobs as of 2015). That number has no doubt grown substantially in the past year, as solar jobs have been consistently increasing in number by about 20 percent per year……..
Stamping out solar would kill an order of magnitude more jobs than that. If Trump got wind of some policy that would strangle American solar — or worse yet, force the company to pick up and move to Europe or China — there is a genuine chance he’ll go on one of his Twitter rampages and force the Republican Congress to back down.
Conversely, it will be genuinely difficult to revive coal jobs, which have been in long-term decline since the 1970s. Big Coal has been all but killed off by competition with fracked natural gas and, increasingly, renewables. It is smaller than solar and shrinking fast. Stark hypocrisy is basically the Republican motto, but even they might struggle with the large and increasing subsidies necessary to prop up an ever-more-obsolete marketplace loser.
So don’t get me wrong: The Trump presidency will be an absolute disaster for climate change. But with a bit of luck, the American solar industry might not be totally eviscerated. http://theweek.com/articles/670876/why-solar-power-poses-tricky-problem-donald-trump
January 7, 2017
Posted by Christina Macpherson |
politics, renewable, USA |
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No deal on closing Indian Point, Gov. Cuomo says after shutdown reports http://pix11.com/2017/01/06/no-deal-on-closing-indian-point-gov-cuomos-office-says/ , JANUARY 6, 2017, BY ALIZA CHASAN BUCHANAN, N.Y. — No agreement has been reached to close the Indian Point nuclear plant in Westchester County despite reports the plant would close its two units by 2021, Gov. Andrew Cuomo’s office said Friday.
“There is no agreement,” a spokesman for Cuomo’s office said. “Governor Cuomo has been working on a possible agreement for 15 years and until it’s done, it’s not done. Close only counts for horseshoes, not for nuclear plants.”
The plant has been at the center of potential disasters over recent years and Cuomo has repeatedly called for its shutdown, saying it poses an environmental threat to the Hudson River and a threat to New Yorkers.
“Indian Point is antiquated and does not belong on the Hudson River in close proximity to New York City, where it poses a threat not only to the coastal resources and uses of the river, but to millions of New Yorkers living and working in the surrounding community,” Gov. Cuomo said in November.
Inspectors found hundreds of faulty bolts within the reactor at the Indian Point Unit 2 Plant in March. There was also a 600 gallon oil spill in 2016. Only a small portion of the spill reached the discharge canal.
Entergy, the operator of Indian Point, declined to comment.
The license for Indian Point’s Unit 2 expired in 2013, but can operate as long as the relicensing process continues under the U.S. Nuclear Regulatory Commission. Unit 3’s license expired in 2015, but it remains in operation while the relicensing application is pending. Unit 1 was permanently closed in 1974.
Entergy has applied for a 20-year license renewal for Units 2 and 3.
Indian Point is a key source of energy for the New York area. It has a generating capacity of 2,000 megawatts of clean electricity, according to Entergy. It provides power to about 2 million homes along with businesses and municipal systems.
January 7, 2017
Posted by Christina Macpherson |
politics, USA |
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Indian Point Nuclear Power Plant to Close by 2021 NYT, By VIVIAN YEE and PATRICK McGEEHAN JAN. 6, 2017The Indian Point nuclear plant will shut down by April 2021 under an agreement New York State reached this week with Entergy, the utility company that owns the facility in Westchester County, according to a person with direct knowledge of the deal.
The Indian Point nuclear plant will shut down by April 2021 under an agreement New York State reached this week with Entergy, the utility company that owns the facility in Westchester County, according to a person with direct knowledge of the deal.
Under the terms of the agreement, one of the two nuclear reactors at Indian Point will permanently cease operations by April 2020, while the other must be closed by April 2021. The shutdown has long been a priority for Gov. Andrew M. Cuomo, who — though supportive of upstate nuclear plants — has repeatedly called for shutting down Indian Point, which he says poses too great a risk to New York City, less than 30 miles to the south.
“Why you would allow Indian Point to continue to operate defies common sense, planning and basic sanity,” Mr. Cuomo told reporters in June……..
In exchange, the state and Riverkeeper will drop safety and environmental claims against Indian Point they had previously filed with federal regulatory agencies.
Entergy, which is based in New Orleans, has been seeking a 20-year renewal of its license from the federal Nuclear Regulatory Commission since 2007. But New York State officials have challenged that renewal on several fronts and have refused to grant permits that they say the plant needs to continue operating.
Jerry Nappi, a spokesman for Entergy in Westchester County, declined to comment……. http://www.nytimes.com/2017/01/06/nyregion/indian-point-nuclear-power-plant-shutdown.html?_r=0
January 7, 2017
Posted by Christina Macpherson |
politics, USA |
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