India’s new nuclear insurance pool will not cover its research reactors
India’s research reactors not under nuclear insurance pool— By IANS | Jun 18, 2015 http://www.freepressjournal.in/indias-research-reactors-not-under-nuclear-insurance-pool/ Chennai: India’s research reactors will not be covered under the newly set-up nuclear insurance pool as they are owned by the union government, a top official of the Bhabha Atomic Research Centre (BARC) has said.
“The Rs.1,500 crore ($234 million) India Nuclear Insurance Pool is mainly for power plants operated by Nuclear Power Corporation of India Ltd (NPCIL). The reactors operated by research institutions do not come under the insurance pool,” BARC director Sekhar Basu told IANS. Basu is also a member of the Atomic Energy Commission and a director in NPCIL.
“The research reactors are very small. Further the research institutions are owned by the central government. And governments do not generally take out an insurance policy on its properties,” Basu added.
BARC’s two operational test reactors are the 100 MW and a very low-power Advanced Heavy Water Reactor (AHWR).
Basu said what is applicable to BARC applies equally to the research reactors operated by the Indira Gandhi Centre for Atomic Research (IGCAR) at Kalpakkam, around 80 km from here.
The IGCAR operates two small research reactors – fast breeder test reactor (FBTR) and Kamini.
According to Basu, the upcoming 500 MW prototype fast breeder reactor (PFBR) expected to go on stream this year would come under the insurance cover once it starts the nuclear fission process.
The government-owned Bharatiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) is setting up the country’s first indigenously designed 500 MW PFBR at Kalpakkam.
A breeder reactor is one that breeds more material for a nuclear fission reaction than it consumes. The PFBR will be fuelled by a blend of plutonium and uranium oxide, called MOX fuel.
The central government recently announced the setting up of the Rs.1,500-crore India Nuclear Insurance Pool to be managed by national reinsurer GIC Re.
The GIC Re, four government-owned general insurers and also some private general insurers have provided the capacity to insure the risks to the tune of around Rs.1,000 crore and the balance Rs.500 crore capacity has been obtained from the British Nuclear Insurance Pool.
The losses or profits in the pool would be shared by the insurers in the ratio of their agreed risk capacity.
Foreign nuclear plant suppliers were reluctant to sell their plants to India citing the provisions of Civil Liability for Nuclear Damage Act (CLND) 2010 that provides the right of recourse to NPCIL against the vendors under certain circumstances for compensation in case of an accident.
The insurance pool was formed as a risk transfer mode for the suppliers and also NPCIL.
All the 21 operating nuclear power plants in India owned and operated by NPCIL are expected to come under public liability insurance cover from next month onwards, a senior official of New India Assurance Company Ltd told IANS, preferring anonymity.
The insurance cover would also extend to the 1,000 MW nuclear power plant at Kudankulam in Tamil Nadu built with Russian equipment.
“We are planning to issue a single policy covering all the 21 nuclear power units of NPCIL including the one in Kudankulam. The premium will be paid by NPCIL and the policy will be issued in its name,” he said.
According to him, the final premium has not been arrived at but it will be between Rs.100 crore and Rs.150 crore.
He said the proposed policy would cover the liability towards public as a consequence of any nuclear accident in the plants covered under the policy and also the right of recourse of NPCIL against the equipment suppliers.
UK Treasury not happy with the Hinkley Nuclear power deal – especially after warnings on EPR safety
French reactor problems cast doubt on UK nuclear power plant, Ft.com Jim Pickard, Chief Political Correspondent, 14 June 15 Problems with a reactor in northern France have triggered deep concern in the British government about the future of the UK’s first new nuclear power station for 20 years at Hinkley Point in Somerset.EDF Energy, the French state-owned company behind Hinkley, has suffered a five-year delay and escalating costs at its flagship Flamanville project in Normandy.
The £7bn French scheme — designed to showcase new atomic technology — is based on an “EPR” European pressurised reactor, the same model that will be used in Hinkley. Further concerns mounted last week when a leaked report from France’s nuclear safety watchdog highlighted faults in Flamanville’s cooling system. That followed a warning in April by the French Nuclear Safety Regulator that there was an excessive amount of carbon in the steel of the reactor vessel.
EDF’s struggles in France have prompted worries at a senior level of the Treasury about the £24bn Hinkley scheme.“I think there are serious questions about the technology,” said one Treasury figure.
The Treasury has struck an agreement promising to pay a guaranteed price for energy generated by Hinkley for 35 years.It has also promised to guarantee £16bn of debt towards the project — but it has inserted conditions to ensure that taxpayers are not left on the hook if the technology fails.
Instead the agreement stipulates that it will be shareholders and not the government that retains the “principal exposure to the viability of the EPR technology” — until EDF can prove the success of its other projects such as Flamanville………
there are growing suspicions in Westminster and within the industry that the Treasury has been dragging its heels over supporting the project. One source close to EDF said he believed there had been “briefings from people at the Treasury” against the deal.
Some civil servants believe the government struck an overgenerous “strike price” to buy energy from Hinkley’s two reactors for 35 years. “I think Treasury officials would not be disappointed if Hinkley never happened,” said one Whitehall source. “They have been foot-dragging for at least a year.”
One Tory figure said: “I think the Treasury don’t really want that deal to work.”……….http://www.ft.com/intl/cms/s/0/b8741dd0-1048-11e5-bd70-00144feabdc0.html#axzz3d4bv74Km
Public can comment on designated “potential conditions.” for Ontario nuclear waste dump
Canada opens comment period on nuclear dump proposed for Lake Huron http://www.voicenews.com/articles/2015/06/14/news/doc557af82e523ff381884332.txt , June 14, 2015 By Jim Bloch
As a result, the agency has extended the timeline for a final decision by Minister of the Environment Leona Aglukkaq on the Environmental Assessment of the dump by 90 days. The deadline is now Dec. 2.
“It is interesting that the Minister of the Environment’s decision on the nuclear waste dump is being postponed from Sept. 3 until December, which falls after the federal election in October,” said Beverly Fernandez, founder of the Canadian organization Stop the Great Lakes Nuclear Dump.
Critics of nuclear power were aghast at the Joint Panel’s decision in May to endorse the dump.
Western Michigan native Kevin Kamps works as a nuclear waste specialist for the Maryland-based Beyond Nuclear, an anti-nuclear group that supports renewable energy and nuclear disarmament. Kamps condemned the Joint Panel’s decision to endorse the dump, calling OPG’s proposal “insane” and labeling it “a declaration of war against the Great Lakes.”
Kamps is expected to speak about ways to stop the dump at 7 p.m. June 16 at the Donald Dodge Auditorium at the St. Clair County Administration Building, located at 200 Grand River Ave. in Port Huron.
Rs 1,500 crore insurance pool for nuclear liability, India
India launches Rs 1,500 crore insurance pool for nuclear liability, 14 June 2015 New Delhi | Agency: dna The government has finally launched an insurance pool of Rs. 1,500 crore, a mandatory requirement under the Civil Liability for Nuclear Damage Act by filling in the gap of Rs 500 crore through the British Nuclear Insurance Pool.
Several held up projects such as the long-pending Gorakhpur Haryana Anu Vidyut Pariyojna (GHAVP) are now expected to move forward after setting up of the insurance pool.
Clauses in the CLND Act, which give the operator the Right to Recourse and allow it to sue the suppliers in case of any accident, were seen as being a major hindrance to the growth of the nuclear industry. These concerns led to the formation of the Indian nuclear insurance pool……..
India’s stated requirement that no inspector will be allowed to inspect our plants will be fully met, said union minister of state (Independent Charge) Atomic Energy and Space, Dr Jitendra Singh.
He assured that the government is not contemplating any alterations in the Nuclear Liability Act (passed in 2010 during UPA-II tenure) in any manner………..http://www.dnaindia.com/india/report-india-launches-rs-1500-crore-insurance-pool-for-nuclear-liability-2095312
AREVA and EDF need to clean up their organisational mess ASAP – says France’s nuclear watchdog
French nuclear watchdog urges quick resolution of Areva rescue plan, Reuters, PARIS | BY MICHEL ROSE AND BENJAMIN MALLET 12 June 15 Areva’s (AREVA.PA) financial situation is worrying, the head of France’s ASN nuclear watchdog said on Thursday, urging the loss-making nuclear company and utility EDF (EDF.PA) to wrap up a rescue plan for Areva as soon as possible.
The French government last week approved EDF’s plan to take a majority stake in Areva’s nuclear reactor business
and gave the two state-owned companies a month to do a deal.
“Areva’s current financial situation, it could get better, (it) can be considered as preoccupying in terms of safety,” ASN Director Pierre-Franck Chevet told Reuters in an interview.
“That’s why we have formally asked to hear them … to ask what kind of organisation they are putting in place to fulfils the commitments they have made in terms of safety for the incoming period,” he added, noting a meeting was scheduled by the end of June.
An EDF spokeswoman declined to comment, while an Areva spokeswoman pointed to comments made by Areva Chairman Philippe Varin on Wednesday, that safety remained an absolute priority.
ASN, an independent regulatory authority, last year imposed on Areva a requirement to recondition radioactive waste stored at its La Hague facility in northern France, which could cost several billion euros and which must be provisioned for, Chevet said.
However the watchdog has no power on the merger per se and its only remit is safety. It can shut down a nuclear plant if it sees a safety issue or fine companies for any transgressions……..http://uk.reuters.com/article/2015/06/11/uk-france-nuclear-asn-idUKKBN0OR2EU20150611
Trans Pacific Partnership would give corporations, including nuclear ones, power over government laws
Under the existing deals with this parallel legal system for foreign corporations, a Swedish company has sued Germany because the German government decided to phase out nuclear power after the Fukushima disaster,
Rep. John Conyers:Why the TPP Is a Terrible Deal for Most Americans, Conyers in the House, 12 June 15 Trade agreements boost economic growth, while destroying lives and livelihoods. By John Conyers, Jr. “…………. Economic growth—our raw output of goods and services—is a questionable measure of our success or well-being as a nation. Growth, in some cases, runs counter to priorities that matter deeply to our people. As a short-term measure of national production, GDP often tends to increase as rates of crime, pollution, and household debt rise. Both Hurricane Sandy and the BP Deepwater Horizon disaster arguably boosted economic growth because of the activity associated with cleanup and rebuilding.
Government advisory panel recommends shutdown of South Korea’s oldest nuclear reactor
Korea panel backs closure of oldest nuclear reactor
* Application deadline to extend lifespan is June 18, 2015
* KHNP says no decision has yet been made
* Panel hopes closure to build decommissioning technology (Adds more quote and details)
By Meeyoung Cho SEOUL, June 12 (Reuters) – South Korea is expected to shut down its oldest nuclear reactor, the Kori No. 1 unit on the country’s southeastern tip, after a government-led energy advisory panel recommended it be permanently closed.The panel’s decision meant operator Korea Hydro & Nuclear Power Co Ltd (KHNP) was unlikely to seek a second extension for the nearly 40-year-old plant, whose operating permit expires in June 2017, government and industry sources said…….http://www.reuters.com/article/2015/06/12/nuclear-southkorea-idUSL3N0YY21O20150612
Desperate for public support, UK govt plans to make nuclear reactors look pretty!
‘Beautiful’ nuclear power stations can win over sceptics, says Energy Secretary Amber Rudd The Independent 7 June 15 Britain’s new nuclear power stations and other energy infrastructure projects must be designed to look beautiful to garner essential public support, the Energy Secretary, Amber Rudd, has said…..flood defences will need to be built to protect buildings, along with weather-resistant transport, waste and water services, as climate change makes weather conditions increasingly extreme.
Ann Robinson, of the uSwitch price comparison website, welcomed Ms Rudd’s call to visual arms. “I think she’s absolutely right. We’re a small island and it’s important to do things in a sensitive way. Public acceptability is important and the key to that is making the infrastructure as attractive as possible.”
Ms Robinson added: “A lot of these projects can be controversial and Amber Rudd is proposing to give people more say in local developments. Against this backdrop, it’s increasingly important that projects fit in with their surroundings.”……..http://www.independent.co.uk/news/uk/politics/beautiful-nuclear-power-stations-can-win-over-sceptics-says-energy-secretary-amber-rudd-10301365.html
in Fukushima Prefecture, Japan’s govt to nationalise private site for nuclear waste dump
Ministry to nationalize Fukushima site to bury radioactive waste, Asahia Shimbun June 06, 2015 By YU KOTSUBO/ Staff Writer FUKUSHIMA--The Environment Ministry said it will nationalize a privately owned site in Fukushima Prefecture to dispose of radioactive waste generated by the 2011 nuclear disaster there.
The decision effectively makes the government responsible for safety of the site.
Environment Minister Yoshio Mochizuki met with Fukushima Governor Masao Uchibori, Tomioka Mayor Koichi Miyamoto and Naraha Mayor Yukiei Matsumoto on June 5, and told them that the government will purchase a site in Tomioka to bury the radioactive waste. A transportation route to the site runs through Naraha.
The material to be buried includes “designated waste,” whose concentration of radioactive materials exceeds 8,000 becquerels per kilogram.
“We made the decision to secure the safety of the project,” Mochizuki said during the meeting held at a Fukushima prefectural government office.
Mochizuki sweetened the deal by pledging to take measures to promote the local economy, including a provision of grants that can be used freely by local governments. The nationalization and the economic promotion measures had been requested by the local governments………
The government is also facing difficulties in determining disposal sites in other prefectures because of strong opposition from local residents……http://ajw.asahi.com/article/0311disaster/fukushima/AJ201506060036
Meltdown in France’s nuclear dream – taxpayers to cop the costs
External factors may have precipitated the crash of Areva, but the cause is internal. Areva and the French nuclear industry is controlled by engineers and state officials and the market comes as an afterthought.
The problems of time and cost overruns in China, Finland and now in France at Flamanville are self-made and part of the “esprit de corps” arrogant attitude of the organisation.
Now, 13 years later, the problem needs to be addressed and risks costing billion of euros and thousands of jobs
France’s Nuclear Industry Dream Faces Melt-Down At Expense Of State Coffers, Tax Payers Forbes, Marcel Michelson, 3 June 15 France has decided to rescue its Areva nuclear energy company once again, this time by combining the nuclear power station creation business with state-controlled power operator EDF , its biggest client.
Only a few years back, in 2010, Areva’s finances had been restored by the forced sale of its transport and transmission activities to industrial group Alstom and electrical engineer Schneider . Meanwhile, GE of the United States controls the Alstom power activities as part of its own rescue recapitalisation.
The rest of Areva includes uranium mines, nuclear waste recycling, transport, storage and some alternative energy activities.
For all intents and purposes, Areva is dead. Continue reading
USA Senate passes Act Restricting NSA Surveillance Powers
Senate Passes USA Freedom Act, Restricting NSA Surveillance Powers http://www.truthdig.com/eartotheground/item/senate_passes_usa_freedom_act_restricting_nsa_surveillance_powers_20150602 by Roisin Davis Jun 2, 2015 In a move seen to vindicate whistleblower Edward Snowden, the Senate on Tuesday passed the USA Freedom Act, which will end the bulk collection of Americans’ phone records.
As the Guardian explains, this is the most significant surveillance reform for decades, “a direct result” of Snowden’s revelations to the paper two years ago. “The passage of the USA Freedom Act,” the Guardian states, “paves the way for telecom companies to assume responsibility of the controversial phone records collection program, while also bringing to a close a short lapse in the broad NSA and FBI domestic spying authorities. Those powers expired with key provisions of the Patriot Act at 12.01 am on Monday amid a showdown between defense hawks and civil liberties advocates.”
Needing only a simple majority to pass, the final tally of the vote showed that 67 senators were in favor of the measure and 32 against.
The vote comes only two days after key parts of the Patriot Act expired, and BBC News compares the two:
What is changing? The expiry of the Patriot Act brings to an end bulk collection of Americans’ phone metadata – who called who, when and for how long, but not the content of calls – by the US. Under its successor, records must be held by telecommunications companies and investigators need a court order to access specific information. Technology companies will be given greater leeway to reveal data requests. The measures are intended to balance concerns on privacy with providing the authorities the tools they need to prevent attacks.
What stays the same? Key parts of the Patriot Act are retained in the Freedom Act. They include the provision allowing the monitoring of “lone wolf” suspects – potential attackers not linked to foreign terror groups, despite the US authorities admitting the powers have never been used. The Freedom Act also maintains a provision allowing investigators to monitor travel and business records of individuals, something law officers says is more effective than bulk collection.
France pins its nuclear hopes on exporting reactors
Rescued Areva faces uncertain future as nuclear fuel group By Geert De Clercq (Reuters) 5 June 15 – France‘s Areva faces an uncertain future as a specialised nuclear fuel supplier, as a state rescue moves its core nuclear reactor activities to its utility customer EDF. Shares in the state-owned firm briefly rose almost 6 percent on Thursday after the government said late on Wednesday it would recapitalise Areva and approved EDF’s plan to take over Areva’s reactor unit.
The government plan unwinds Areva’s much-vaunted model of an integrated nuclear group that mines and enriches uranium, produces nuclear fuel, builds reactors and recycles spent fuel. Created fifteen years ago from the nuclear fuel group Cogema and reactor builder Framatome, Areva had ambitions to sell as many as 16 of its massive EPR reactors to energy-hungry developing countries.
But it has not sold a reactor since 2007 and the four it did sell have been plagued by delays and cost overruns. More than two decades after it was designed, not a single EPR is in operation today.
Still, the French government said it hopes an EDF-led nuclear industry could win the export contracts that have proved so elusive for Areva.”The French camp must work together abroad,” Economy Minister Emmanuel Macron told France Info radio on Thursday. Continue reading
Japan’s government’s optimism on nuclear power future doesn’t ring true- finance analysts
Japan Government Too Bullish on Nuclear Role by 2030, BNEF Says, Bloomberg, by Chisaki Watanabe , 2 June 15 Japan’s expectation that nuclear generation will account for as much as 22 percent of its electricity in 2030 is overly optimistic, Bloomberg New Energy Finance said.
Factoring in costs and the regulatory hurdles required to extend the life of operating reactors beyond the typical 40 years, atomic power will probably supply no more than 10 percent of electricity in 2030, an analysis by BNEF shows.
The discrepancies between the London-based researcher’s findings and the official view on nuclear’s contribution highlight a looming question for Japan as it considers the composition of its energy mix following the Fukushima disaster more than four years ago.
The Ministry of Economy, Trade and Industry has said in a draft report on energy policy that nuclear will account for 20 percent to 22 percent of electricity generation in 15 years. Though nuclear reactors supplied more than a quarter of Japan’s electricity before Fukushima, none are currently operating.
The government’s outlook, unveiled in April and reaffirmed by a consultative committee on Monday, is also too bearish on the roles for gas and clean energy, BNEF said……http://www.bloomberg.com/news/articles/2015-06-02/japan-government-too-bullish-on-nuclear-role-by-2030-bnef-says
South Africa’s government continues in its historic underestimation of nuclear costs
Government’s nuclear cost muddle http://www.bdlive.co.za/opinion/letters/2015/06/03/letter-governments-nuclear-cost-muddle Steve Thomas, Professor of Energy Policy, Public Services International Research Unit, University of Greenwich JUNE 03 2015, THE SOUTH AFRICAN NUCLEAR ENERGY CORPORATION’S XOLISA MABHONGO CLAIMS THAT “SOUTH AFRICAN PROFESSIONALS DID NOT MAKE FOOLISH ASSUMPTIONS, DO INACCURATE FINANCIAL CALCULATIONS AND GO INTO A CONSTRUCTION PLAN WITHOUT HAVING ACCURATE PROJECTIONS OF THE OUTCOME. THIS WOULD HAVE BEEN IRRESPONSIBLE” (NUCLEAR BUILD WILL POWER ECONOMIC GROWTH, MAY 29).
History suggests otherwise. When the pebble bed programme for SA to develop its own reactor design was announced in 1998, Eskom claimed a commercial reactor could be in operation by 2004 at a construction cost of less than $1,000 per kilowatt of capacity.
By 2010, commercial deployment of the pebble bed was estimated by Eskom to be 20 years away and the estimated cost of a demonstration plant had increased nearly 30-fold.
In 2006, a tender for new nuclear plants from the world market was launched with the expectation that a plant could be bought for $2,500/kW. The lowest bid was 150% more and the tender was abandoned in 2008 because it could not be financed.
Only two years later, a new attempt to order nuclear plants was launched with the publication of the first Integrated Resource Plan for the electricity industry. The prices bid in 2008 were ignored and it was assumed the cost would be only $3,500/kW. A year later, in 2011, the government had to admit this figure was far too low and revised it up to about $5,000/kW, still well below the prices bid in 2008 and below prevailing international price levels.
There are only two explanations for this continued gross underestimation of costs. Either the government is choosing to mislead the public about the actual costs, or it is far too gullible to the claims of nuclear sales people. Neither explanation reflects well on the government.
The government has promised that if the bid prices were higher than $6,500/kW, the tender would be abandoned. Given that prevailing prices in the world are now about $8,000/kW, if the government keeps its promise, the tender being launched this year is doomed to failure. It would be useful for Energy Minister Tina Joemat-Pettersson to confirm now whether the promise still applies and, if it does not, how much the state is prepared to pay.
Merger of AREVA and EDF, to save nuclear giant AREVA- French tax-payers to fork out
France announces plan to merge nuclear reactor businesses of state-owned atomic energy giants, Star Tribune By GREG KELLER Associated Press JUNE 3, 2015 PARIS — French nuclear giants Areva and EDF will merge their reactor businesses in a joint venture controlled by EDF — a wide-ranging reshuffle of the country’s state-owned atomic energy industry.
French President Francois Hollande’s office announced the deal’s broad outlines Wednesday, saying final details would be negotiated by the two companies within a month.
The French government, which controls over 80 percent of both companies, will inject new capital “of the necessary amount” in Areva as part of the deal……
Areva lost nearly 5 billion euros ($5.6 billion) last year after taking a massive loss on new reactor projects in France and Finland……..
Last month Areva announced a 1-billion-euro cost-cutting plan, which included the removal of up to 6,000 jobs.
Only five years ago Areva was seen as a French success story, led by swashbuckling CEO Lauvergeon as it rode the wave of the so-called “nuclear renaissance.”
The company’s fortunes collapsed after a series of failures, including massive cost-overruns and technical failings with its new generation reactor; a disastrous investment in a Nigerien uranium mine; and the aftereffects of a global rejection of nuclear power after Japan’s Fukushima reactor meltdown http://www.startribune.com/france-to-merge-areva-edf-nuclear-reactor-businesses/306008871/
1 This Month
22 June – Virtual Event –Climate Change: New Data, New Debate
Monday, June 22, 2026 2:30 p.m. – 3:15 p.m. CT
YouTube. Register here
25 June- THE PUKE ON NUKES
Thursday, June 25, 2026
7pm Central Time (8pm ET, 6pm MT, 5pm PT) UTC – 5
From NRC & DOE Deregulation to Techno-Fascist Billionaires Going Nuclear, Plus a Few Songs from Atomic Cabaret REGISTER
26 June – Radiation Trainwreck at the NRC / Join the Protect Better Campaign – https://us02web.zoom.us/meeting/register/4ZlZ5_qLSHGiLSCg8FF6Bg#/registration
1st July – Webinar Waste of Space: The Environmental Harm of Military and Civil Space Activity st July, 7 pm
Report Launch Online: We are seeing an increasing exploitation of space for military and commercial purposes. This must change.
Protect Sazan Island from the Trump family! https://secure.avaaz.org/campaign/en/protect_sazan_island_from_the_trump_family_loc/?bqFCVab&v=174511&cl=22707147157&_checksum=5e9dde668860e8231c33699735e16a1fbf22ab2cb01da50c999fe8732b9775ef&utm_source=email&utm_medium=blast_email&utm_campaign=174511
Cuba Is Not a Failed State – It Is a Besieged State
PETITION: “Global Appeal to Endorse Palestinian Right of Return of Refugees”
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