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US Republican Senators undermine nuclear talks: reactions from Iran and White House

Experts point out that the letter misconstrued a central principle of international law, namely that governments are bound by any agreements signed by their predecessors, whether or not these take the form of treaties
exclamation-SmIran condemns ‘untrustworthy’ America as Senate letter casts doubt over nuclear deal Philip Hammond, the Foreign Secretary, warns that the letter from 47 Republican Senators “could become a spanner in the works” of nuclear talks Telegraph By , and Peter Foster in Washington 10 Mar 2015
Iran’s foreign minister denounced America as “untrustworthy” on Tuesday after a letter from 47 Republican senators cast new doubt over the chances of settling the confrontation over Tehran’s nuclear ambitions.

Philip Hammond, the Foreign Secretary, warned that the letter “could become a spanner in the works” of the negotiations, due to resume on Monday, with an “unpredictable effect on opinion” inside Iran.

The US senators sent an unprecedented “open letter” to the “leaders of the Islamic Republic of Iran”, warning that a future US president might “revoke” any agreement on the country’s nuclear programme “with the stroke of a pen”. Continue reading

March 11, 2015 Posted by | Iran, politics, politics international, USA | Leave a comment

USA Republicans tried to derail Iran nuclear talks

Obama denounces Republican letter on Iran nuclear talks Guardian,  10 Mar 15 White House accuses senators of making common cause with Iranian hardliners, while Tehran expresses surprise at Republican tactics The Obama administration has reacted furiously to an open letter to Iran from Republican senators aimed at derailing nuclear negotiations. The White House accused them of seeking to circumvent the constitution and trigger a “rush to war”.

Iran’s foreign minister, Mohammad Javad Zarif, also poured derision on the Republican letter in a statement expressing astonishment that members of Congress would seek to undermine a US administration by writing directly to a foreign power, and suggesting that the letter’s authors had much to learn about international and even US law.

However, the sharpest reaction to Monday’s open letter came from the White House. President Obama accused its 47 Republican signatories of “wanting to make common cause with the hardliners in Iran”.

The US vice-president, Joseph Biden, said the letter, drafted by Tom Cotton, a freshman senator from Arkansas, was “expressly designed to undercut a sitting president in the midst of sensitive international negotiations”.

It was “beneath the dignity of the institution I revere”, Biden said in a statement. Continue reading

March 11, 2015 Posted by | Iran, politics, politics international, USA | Leave a comment

China’s slow nuclear start: approves first nuclear project since Fukushima

China approves first nuclear project since Fukushima  http://www.reuters.com/article/2015/03/10/china-nuclear-approval-idUSL4N0WC3N620150310  China has given the go-ahead for the launch of a major domestic nuclear power project, marking the first such approval since a temporary freeze on new construction following Japan’s Fukushima disaster.

China General Nuclear Power Group has received state approval to build two one-gigawatt (GW) reactors in the second phase of a project called Hongyanhe in the northeastern province of Liaoning, the Xinhua news agency reported on Tuesday.

The project will use what the company calls home-grown “third-generation” reactor technology, dubbed ACPR1000, the report said, citing Yang Xiaofeng, general manager of the Hongyanhe project.

China froze new construction and implemented a year-long safety review after the Fukushima disaster in 2011.

While it lifted the construction ban at the end 2012, China has been slow to approve new nuclear projects. Beijing has promised to stick to the highest safety standards, using third generation reactors.

In an estimated $100 billion expansion programme, China aims to raise its domestic nuclear power capacity to 58 GWs by 2020 from 20.3 GW at the end of 2014. Nuclear capacity would still only meet 3 percent of China’s total electricity needs by 2020.

Buy-China-nukes-1China is also seeking to export its home-grown third-generation reactors, such as Hualong 1 and CAP1400, to an overseas market potentially worth hundreds of billions of dollars.

But industry executives and analysts say it faces a major obstacle: it needs to show it can build and safely operate these reactors at home first.

China General Nuclear is the state-owned parent of CGN Power , which raised $3.2 billion in an initial public offering in Hong Kong in December. (Reporting by Charlie Zhu in Hong Kong and David Stanway in Beijing; editing by David Clarke)

March 11, 2015 Posted by | business and costs, China, politics | Leave a comment

Financial meltdown looming for South Africa’s state-owned nu­clear com­pany, Necsa

Nuclear body faces financial meltdown Pelind­aba brass scram­ble to pay sci­en­tists   JAN-JAN JOU­BERT jou­bertj@sun­day­times.co.za

SOUTH Africa’s be­lea­guered state-owned nu­clear com­pany, Necsa, has for the first time ad­mit­ted to fi­nan­cial strain, but vows to keep pay­ing staff salaries on time de­spite “the ac­tual cash in­flow not be­ing re­alised as per plan”.

Ac­cord­ing to leaked in­ter­nal doc­u­men­ta­tion, Necsa will not be able to pay its al­most 2 000 staff this month un­less Fi­nance Min­is­ter Nh­lanhla Nene’s cash­strapped Na­tional Trea­sury can find an ex­tra R212-mil­lion by March 31……..

Ac­cord­ing to the leaked doc­u­ments, Necsa has failed to pay sup­pli­ers since Novem­ber, de­spite Pres­i­dent Ja­cob Zuma’s pol­icy di­rec­tive that the state pay all its sup­pli­ers within 30 days of ser­vices ren­dered.

The doc­u­ments also claim Necsa is un­able to pay its au­tho­ri­sa­tion fees to the Na­tional Nu­clear Reg­u­la­tor, plac­ing the ac­cred­i­ta­tion of its nu­clear sci­en­tists at risk, and rais­ing the spec­tre of a skills ex­o­dus on the eve of the planned nu­clear build pro­gramme.

The cur­rent ex­pec­ta­tion is that Rus­sia will build new nu- clear re­ac­tors, and that Necsa staff’s skills could con­trib­ute to man­u­fac­tur­ing the fuel.

If not, fuel will have to be con­tin­u­ally im­ported at great cost from other ma­jor pro­duc­ers such as Rus­sia, rais­ing the con­sumer price of elec­tric­ity even fur­ther………

DA MP and en­ergy spokesman Gor­don Mackay lamented Necsa’s and the reg­u­la­tor’s anger, call­ing for trans­parency in­stead.

“While cor­rup­tion can be dealt with swiftly by re­mov­ing those con­cerned, the long-term cost of mal­ad­min­is­tra­tion is worse as highly skilled scarce staff quit Necsa for greener in­ter­na­tional pas­tures,” he said…….

The DA will raise ur­gent ques­tions in par­lia­ment to clar­ify how Necsa came to find it­self in such a po­si­tion and what can be done to save the sit­u­a­tion…….. ttp://www.pressreader.com/south-africa/sunday-times/20150308/281556584293429/TextView

 

March 11, 2015 Posted by | politics, South Africa | Leave a comment

The danger of big corporations controlling renewable energy systems

Whose renewable future? New Internationalist  MARCH 2015 Is big business poised to capture the renewables revolution? Danny Chivers draws up the battle lines. 

question“……Who has power over power?

As wind and solar technology gets cheaper – and if low oil prices and increasing climate regulation and extraction costs make fossil fuels less profitable – we can expect more and bigger corporate players to move into the sector, including existing oil and gas corporations.

Energy supply in many countries is already in the hands of privatized utility companies, thanks to decades of privatization driven by neoliberal Northern governments and institutions like the World Bank. This has led to rising energy bills and the continuing failure to supply grid electricity to harder-to-reach (and thus less profitable) rural communities. Around 1.3 billion people worldwide still have no access to electricity, while many others struggle to afford it.

There are vital battles still to be fought over the ownership, control of and access to renewable energy. Who will pay for and own the building materials, the factories, the technical knowledge, the site of installation, the equipment and the energy it produces? The more democratic control that can be exerted over each stage of this process, the greater our chances of creating low-impact, climate-friendly energy systems that supply affordable energy to all. We also need the transition to be a fair one that retrains and transfers workers from the fossil energy sector; this will only happen if the voices of workers carry more weight in the process than the desires of the energy companies.

It’s hard to imagine the big privatized companies voluntarily working to reduce energy consumption in the North; it’s equally hard to envision them supporting a phase-out of fossil fuels as renewables expand, or supporting policies to provide affordable energy to those most in need. These companies have been driving our civilization towards a cliff edge, and now they are eyeing up the keys to our shiny, new, renewably powered electric bus……… http://newint.org/features/2015/03/01/renewable-energy-keynote/

 

March 9, 2015 Posted by | 2 WORLD, politics, renewable | Leave a comment

South African government keeps public in the dark on costs of its nuclear energy plan

scrutiny-on-costsflag-S.AfricaHow will South Africa’s new nuclear power stations be paid for?, My Broadband, 9 Mar 15 If the government is so determined to pursue nuclear power stations, why was no mention of the financing for this included in the minister of finance’s budget speech? By  – March 8, 2015 The South African government has committed itself, by means of its Nuclear Energy Policy and Integrated Resource Plan, to an energy mix consisting of coal, gas, hydro, nuclear, solar and wind.

Yet, if the government is so determined to pursue nuclear power stations, why was no mention of the financing for this included in the minister of finance’s budget speech?

One would expect that since government wants to use nuclear power to address the shortage of electricity in South Africa, and in the light of high-level delegations which have signed inter-governmental agreements regarding nuclear power, that this expenditure would have been a focus in the energy portion of this year’s budget speech.

This was, however, not the case. Instead, the public was told that the electricity levy will be increased by a whopping 57% from 3,5 to 5,5 c/kWh, and that Eskom would receive additional equity to the tune of R23-billion in three tranches.

The public was also told that although the extra 2 c/kWh levy would be removed in time, a carbon tax can be expected soon. The fact that the R23-billion would be in the form of additional equity means that Eskom will not have repay the money.

This additional backing is meant to prop up the power utility’s balance sheet which should make it easier for the utility to borrow money on the open market.

Economists have pointed out however, that it will be impossible for Eskom to borrow money to build a fleet of nuclear power stations because of the vast amount of money needed. The capital cost of a nuclear power station is extremely high.

So who will fund these nuclear power plants? It has been suggested that the country which builds the stations will fund it, so-called vendor funding, and that South Africa would repay the debt over time as it sells the electricity generated by the plants over a lengthy period.

But surely that will make electricity very expensive because of the large debt and the interest incurred……..

In 2013; the South African government’s estimate was $6500/kW; and recent reports show that a Hungarian nuclear power station, built by the Russians, cost $7000/kW, while the French-built nuclear power station at Hinckley Point, UK, cost $7900/kW. The figures quoted are for the new-build costs alone and do not include operating costs or interest.

Despite the high cost of nuclear power stations, and the obvious fact that South Africa cannot afford such an enormous outlay, the departments of energy, public enterprises, and trade and industry all appear to be in favour of this form of generation.

How much electricity does South Africa the country actually need? Eskom’s website shows an existing total generation capacity of 42 000 MW excluding the additional power from IPPs.

The renewable energy independent power producers (REIPPs) have already added 1500 MW to the grid, and an additional 2500 MW is expected soon…….

South Africa may have more power capacity than it needs at exorbitant cost to the country’s economy. Expensive electricity will result in the country’s manufacturing sector losing its competitive advantage which will mitigate against growth and job creation.

At the same time the drive towards energy efficiency, which, according to the budget speech will be rewarded by an energy-efficiency savings incentive, set to increase by 111% to 95 c/kWh, will surely motivate people to use less electricity……..http://mybroadband.co.za/news/energy/121180-how-will-south-africas-new-nuclear-power-stations-be-paid-for.html

 

March 9, 2015 Posted by | business and costs, politics, South Africa | Leave a comment

We need a democratically controlled, people-focused clean energy system built from the grassroots up.

Renewable energy does offer us a (solar) ray of hope amidst the climate doom and gloom. These technologies give us the potential to build a new, decentralized, democratic energy system that meets the needs of the many rather than providing profits to the few. But there are powerful economic forces and vested interests lined up against us, ready to steer renewable energy in a very different direction.
Whose renewable future?  New Internationalist  MARCH 2015 Is big business poised to capture the renewables revolution? Danny Chivers draws up the battle lines. 

In January this year, the energy researcher Jeremy Leggett made a bold claim. He told the Guardian newspaper that we should expect a major oil firm to turn its back on fossil fuels soon and shift to renewable energy. ‘One of the oil companies will break ranks,’ he said, ‘and this time it is going to stick.’1

Leggett points to the collapsed oil price, the falling costs of renewable-energy generation and potential government action on climate change as key factors that could persuade an oil corporation to jump ship. His comments were excitedly shared online by anti-fossil fuel campaigners.

But hang on a minute. Would this really be good news? To avoid catastrophic global climate change, we need to leave at least 80 per cent of known fossil fuels in the ground, and renewable energy will have a major part to play in that. But do we want our new, clean energy system to be owned and operated by the same corporations that have got us into our current mess? Do we trust the likes of BP, Exxon and Total to develop renewables in a fair and sustainable way?

To answer this question, we don’t need to look far. All over the world, companies and governments that have grown rich on our current fossil-fuelled system are doing their best to slow down, interfere with, co-opt and control the growth of renewable energy. We need to fight back with a different vision: of a democratically controlled, people-focused clean energy system built from the grassroots up.

A renewables revolution? Continue reading

March 9, 2015 Posted by | ENERGY, politics, USA | Leave a comment

Big utilities fight back against rooftop solar

“Independent studies show that distributed solar benefits all ratepayers by preventing the need to build new, expensive power plants or transmission lines,” said Matthew Kasper, a fellow at the Energy & Policy Institute, a pro-solar think tank. “Utilities make their money by building big, new infrastructure projects and then sending ratepayers the bill, which is exactly why utilities want to eliminate solar.”

“It’s really about utilities’ fear that solar customers are taking away demand,” said Angela Navarro, an energy expert with the Southern Environmental Law Center. “These customers are installing solar at their own cost and providing a valuable resource: additional electricity for the grid at the times when the utilities need it most. And it’s all carbon-free.”.

fossil-fuel-fightback-1Flag-USAUtilities wage campaign against rooftop solar WP By Joby Warrick March 7  Three years ago, the nation’s top utility executives gathered at a Colorado resort to hear warnings about a grave new threat to operators of America’s electric grid: not superstorms or cyberattacks, but rooftop solar panels.

If demand for residential solar continued to soar, traditional utilities could soon face serious problems, from “declining retail sales” and a “loss of customers” to “potential obsolescence,” according to a presentation prepared for the group. “Industry must prepare an action plan to address the challenges,” it said.

The warning, delivered to a private meeting of the utility industry’s main trade association, became a call to arms for electricity providers in nearly every corner of the nation. Three years later, the industry and its fossil-fuel supporters are waging a determined campaign to stop a home-solar insurgency that is rattling the boardrooms of the country’s government-regulated electric monopolies.

The campaign’s first phase—an industry push for state laws raising prices for solar customers—failed spectacularly in legislatures around the country, due in part to surprisingly strong support for solar energy from conservatives and evangelicals in traditionally “red states.” But more recently, the battle has shifted to public utility commissions, where industry backers have mounted a more successful push for fee hikes that could put solar panels out of reach for many potential customers. Continue reading

March 9, 2015 Posted by | decentralised, politics, USA | Leave a comment

Renewable energy development could be taken over by the same old neocolonial racist corporations

questionWhose renewable future?  New Internationalist  MARCH 2015 Is big business poised to capture the renewables revolution? Danny Chivers draws up the battle lines.

“………. What are we up against?

Let’s not kid ourselves. The fossil fuel industry’s main response to clean energy is to try to squash it. Selling the highly concentrated energy in oil, coal and gas is far more profitable in the short term than the slow-release, distributed energy from wind or solar power – especially when you factor in generous government fossil fuel subsidies, an international energy infrastructure already set up to use these fuels, and free rein to pump carbon pollution into the air at little or no cost. Whether it’s funding pro-fossil politicians, forging cosy links with officials or pouring money into anti-renewable front groups, the big oil, gas and coal companies are working hard to keep society hooked on their highly profitable products, and prevent alternatives from getting off the ground.6

There are exceptions to this rule. If those alternatives can provide decent short-term returns or access to new subsidies without disrupting the existing energy markets, then the big players might be tempted to step in. This is why the likes of BP, Shell and Exxon have moved into liquid biofuels, and why major power plants like Drax in Britain are starting to mix large quantities of woodfuel in with their coal supply.

We need a democratically controlled, people-focused clean energy system

Industrial biofuels and wood-fired power stations – along with the continued destruction caused by large hydropower dams – provide perfect examples of what can happen if supposedly ‘renewable’ energy sources are exploited for maximum profit, without proper consideration for people and the environment. Energy crops and hydroelectricity may both be sustainable on a small, local, carefully managed scale – but the current profit-driven rush to turn food crops and forests into fuel is leading to hunger, land grabs and deforestation; while megadams threaten huge areas of natural habitat along with the homes, lands and livelihoods of hundreds of thousands of people.

These projects should act as a stark warning. Wind and solar power are still relatively small industries on a global scale, but are growing fast. These technologies are far less destructive than fossil fuels, but that doesn’t mean they’re impact-free – especially if they develop to the scale we need for a fossil-free future. Will they be carefully manufactured in renewably powered workshops with strict respect for workers’ rights and environmental standards; using largely recycled materials, and built as part of community-run, co-operatively owned and democratic energy schemes which benefit the communities where they are sited? Or will they be churned out in nightmarish sweatshop conditions, using minerals from exploitative mining projects and sited in giant energy parks on cleared rainforest land from which the residents have been forcibly evicted?

It could go either way. Renewables could transform our energy system, with solar panels particularly well-suited for decentralized use: 85 per cent of today’s solar panels are spread over millions of rooftops, with only 15 per cent in solar parks. Increased access to and control over energy could empower millions of people, improving lives and livelihoods and boosting the political and social influence of marginalized communities.

Unfortunately, the risks are also clear. Wind and solar generators require a significant amount of building material and land space. Though requiring less than 1 per cent of the extraction needed to keep pulling coal, oil and gas out of the ground, ramping up renewables will mean a significant spike in demand for steel, cement, aluminium and copper that could have serious local impacts around the world if not carefully managed. Wind power, unlike solar, is far more efficient when built on a large scale; big wind farms typically require levels of capital investment that are out of the reach of community groups. They’re more likely to be installed by governments or large utility companies such as E.ON. Seventy-five per cent of all wind turbines are manufactured by just 10 companies.

The Desertec initiative gives us an example of what a profit-driven, centralized solar energy future might look like. We shouldn’t be surprised to see it develop along the same neo-colonial and racist lines as our current fossil fuel industry, where the rights of Indigenous peoples and communities of colour around the world are trampled in the pursuit of ‘cheap’ energy for the industrialized nations…….” http://newint.org/features/2015/03/01/renewable-energy-keynote/

 

March 9, 2015 Posted by | 2 WORLD, decentralised, politics, renewable | Leave a comment

Nuclear scientists press for more tax-payer money for research into nuclear energy

nukes-hungryFlag-USAScientists Outline Research Wish List for Nuclear Energy, abc news, ALBUQUERQUE, N.M. — Mar 5, 2015, By SUSAN MONTOYA BRYAN Associated Press “……Groups gathered at the University of New Mexico, the Massachusetts Institute of Technology and a few other sites around the country as part of an effort by the U.S. Department of Energy to narrow the list of critical research problems the nation needs to address when it comes to nuclear energy.

The findings outlined by the six groups are meant to guide decisions on what research to fund…….

Participants outlined numerous recommendations and areas where the U.S. could do better to boost innovation in nuclear energy. Everything from stable funding and safety to regulatory changes, new reactor designs, the availability of water and the public’s perception of nuclear power was discussed during the three-day workshops……

Environmental groups that have been pushing for more solar and wind power have raised concerns about the potential environmental effects of nuclear generation and the cleanup and decommissioning costs…..

TerraPower, a Washington-based company chaired by billionaire Bill Gates, hopes to build a next-generation, prototype reactor by 2025 and have commercial plants ready a decade later.http://abcnews.go.com/US/wireStory/scientists-outline-research-list-nuclear-energy-29426621

March 7, 2015 Posted by | politics, USA | Leave a comment

Competition from clean energy results in Illinois Bill to help Exelon nuclear corporation

Consumer advocates and business groups, however, quickly questioned the need for legislation that would benefit a single company.

Exelon, critics gird for battle as pro-nuclear bill is filed in Ill. Jeffrey Tomich, E&E reporter EnergyWire: Friday, February 27, 2015 The stage is set for an energy policy showdown in Illinois after lawmakers from both parties introduced a bill aimed at aiding three Exelon Corp. nuclear plants that have struggled in recent years in the face of increasing competition from wind energy and natural-gas-fired generation.

The legislation filed in the House and Senate would replace the Illinois renewable energy standard with a low-carbon portfolio standard requiring 70 percent of electricity used in areas served by large investor-owned utilities to come from low-carbon sources of generation……. Continue reading

February 28, 2015 Posted by | politics, USA | Leave a comment

Illinois energy Bill increases public costs, but benefits nuclear company Exelon

Exelon accused of seeking nuclear bailout http://www.fierceenergy.com/story/exelon-accused-seeking-nuclear-bailout/2015-02-27 February 27, 2015 | By  Exelon yesterday introduced its “Low Carbon Portfolio Standard” — legislation that is receiving opposition from groups like AARP Illinois and the BEST (Better Energy Solutions for Tomorrow) Coalition who are urging state lawmakers to reject this legislation, saying it would increase electric bills in order to “bail out Exelon’s nuclear plants.”

A 2014 analysis by Crain’s Chicago Business found that Exelon’s Illinois nuclear fleet is profitable and Exelon CEO Chris Crane even stated “Exelon had a strong year, both operationally and financially…our generation fleet and utilities continued to perform at high levels.”

For Exelon’s part, it says it is not seeking a bailout. Exelon made more than $2 billion in 2014.

This bill rewrites Illinois energy policy to increase costs for public and private entities statewide and benefits only Exelon,” said Steve Davis, legislative co-chair for Illinois Association of Wastewater Agencies, a BEST Coalition member. “Policy like this will increase the cost of doing business in Illinois and make Illinois less competitive.”

The organizations attempting to block Exelon’s Low Carbon Portfolio Standard claim that even if Exelon has financial issues with its Illinois nuclear fleet, although contrary to publicly available information, those issues will be resolved, in part, by a recently approved rate increase for Exelon’s subsidiary ComEd that will increase ComEd revenue by approximately $232 million.

For more:
– visit this website 

February 28, 2015 Posted by | politics, USA | Leave a comment

Overriding public protests, South Korea renews license of second-oldest nuclear plant,

safety-symbol-Smflag-S-KoreaSouth Korea renews license of second-oldest nuclear plant, Japan Times, 28 Feb15  SEOUL – The South Korean nuclear regulator said Friday it renewed the operating license of the country’s second-oldest nuclear power plant until 2022, overriding the objections of residents and anti-nuclear groups.

The Nuclear Safety and Security Commission said that seven of nine commissioners voted to restart the Wolsong No. 1 reactor located in Gyeongju city, 275 kilometers (170 miles) south of Seoul……..

South Koreans were sharply divided over the fate of the Wolsong No. 1 plant that had operated for 30 years until its license expired in 2012. Residents of Gyeongju and members of environmental groups staged protests near the nuclear watchdog’s office when the commissioners discussed the restart in three meetings since January.

The decision to restart Wolsong No. 1 could galvanize opponents and residents living in the areas of current and future plants, said Suh Kune-yull, nuclear engineering professor at Seoul National University.

“I think there could be a backlash to the nuclear energy industry,” Suh said. “It will become increasingly difficult to extend the life span of other nuclear plants or to build new ones.”…….

Opponents of the Wolsong restart said the plant failed to meet the latest safety standards that came into effect after the reactor first went into operation, and that residents near the power plant want it shut down. …..http://www.japantimes.co.jp/news/2015/02/27/asia-pacific/south-korea-renews-license-of-second-oldest-nuclear-plant/#.VPDfBXyUcnk

February 28, 2015 Posted by | politics, South Korea | Leave a comment

Washington State Senator Sharon Brown enthusiastically pushing for Small Modular Nuclear Reactors

text-SMRsNuclear Advocate Pushes For Modular Reactor Presence In Washington State  http://www.icontact-archive.com/uY4CWN-9Ks3su6iHyVeY7nHzrprAq8_d?w=1 Feb 25 2015  A state senator in Washington, Sharon Brown, R-Kennewick, is promoting nuclear energy with a focus on technology that has yet to be put into operation.

Bills that Brown have sponsored nudge the state towards acceptance of modular, factory-built nuclear reactors, The Olympian reported Tuesday.

Brown has called for a relatively modest $176,000 study to identify sites for nuclear power reactors that are in frequent discussions, but have yet to be built – reactors with a generation capacity of 300 MW or less.

In neighboring Oregon, NuScale Power is developing reactors that will built in one location and shipped by truck or rail to their final destination

“We need to make sure we’re not left behind,” said Brown at a hearing Tuesday. She also said, “It’s really important that as a state we get our arms around small nuclear reactors.”

Brown, who is pushing the state to nudge the federal government on construction of a federal waste repository, has sponsored other nuclear power-friendly bills that cleared a critical deadline last week. These include a bill to provide sales tax relief for small reactor production and one that mandates the Commerce Department support small reactors development for commercial use.

She has also sponsored measures that would allow energy from modular reactors to count as part of the state’s renewable energy targets, although these initiatives have strong opposition from environment groups.

The initiatives follow up on a previous state study, completed in September, that said a modular reactor facility was feasible for the Hanford Site nuclear facility.

February 27, 2015 Posted by | politics, technology, USA | 1 Comment

Trouble in nuclear France: AREVA and EDF in financial distress

plants-downFrance Warns of Nuclear Industry Shake-Up After Areva Loss NYT, By  and STANLEY REEDFEB. 23, 2015 PARIS — France’s energy minister said on Monday that an overhaul of the country’s state-controlled nuclear energy industry was imminent, after one of the country’s main builders of nuclear power plants warned of a loss that could hamper its ability to continue operating independently……

Ms. Royal spoke after Areva, one of the world’s leading nuclear technology companies, said in apreliminary statement that it expected a 2014 net loss of about 4.9 billion euros, or $5.6 billion, compared with a loss of €500 million a year earlier.
 The French government — which has continued to be a proponent of nuclear power when many other big industrial nations have been more equivocal or have come to oppose it outright — owns 87 percent of Areva, and nearly 85 percent of the other big French nuclear power company, EDF, once known as Électricité de France.

EDF has been facing its own problems, including lengthy delays and steep cost overruns on a flagship plant that it is building at Flamanville, in the northwest of the country. There are also uncertainties about whether a showcase project in Britain will proceed — one in which both EDF and Areva would participate.

The French nuclear industry’s travails underline the gloomy state of the nuclear industry since the Fukushima disaster in Japan in 2011. Moreover, the French industry, though long a world leader, has in recent years been threatened by its own mistakes……..

The loss that Areva warned of on Monday would be substantially larger than its stock-market value of about €3.7 billion, suggesting that the troubled company, plagued by cost overruns and write-downs, may need new funds to continue operating. Areva’s capabilities are vital to France’s ambitions to remain a world provider of nuclear plants and services like supplying fuel.

With few new nuclear plants being planned to replace the older ones that are being phased out in the West, “Europe will see a gradual decline in nuclear’s share of electricity supply,” said Antony Froggatt, an analyst at Chatham House, a London-based research organization…….

Areva shares closed down 2.1 percent in Paris trading on Monday.

The company, which is based in Paris, had previously warned that it was facing trouble; it said in November that it was suspending its financial guidance for 2015 and 2016. Standard & Poor’s cut the company’s debt rating to junk soon after that, citing the company’s “limited headroom.”http://www.nytimes.com/2015/02/24/business/international/areva-nuclear-results.html?_r=0

February 25, 2015 Posted by | business and costs, France, politics | Leave a comment