France’s EDF in a financial pickle over huge costs of UK’s Hinkley C nuclear project
Dave Toke’s Blog 27th June 2020, The chickens are coming home to roost for EDF for their 
questionable decision to go ahead with building Hinkley C -a decision they took despite the lack of certainty over whether they would get enough backing from the British Government.
Originally EDF was publicised as being offered UK Treasury loan guarantees that had been widely touted as a vital basis for building Hinkley C. But now the French Financial Markets Regulator has
sanctioned EDF for not flagging up how conditional such loan guarantees were. These loan guarantees have never materialised.
Essentially, EDF is now continuing to build Hinkley C using money borrowed on its own balance
sheets – borrowings which are much more costly than UK Government backed guarantees and which reduce its own (EDF) profitability.
The Finance Officer of EDF actually resigned at the time EDF decided to go ahead with building Hinkley C. Of course all this is happening at the same time when we are being asked to believe that the next EPR (at Sizewell C) is going to be delivered at low cost to the consumer if the risk of building the plant is transferred from EDF to the British taxpayer and consumer!
This is the so-called RAB mechanism, something that could well just turn out to be an
almost unlimited cash facility for EDF to park their financial black hole in the centre of British finances (as well as those of the French).
https://realfeed-intariffs.blogspot.com/2020/06/edf-sanctioned-by-french-regulators-for.html
Hitachi- no plans to sell Wylfa nuclear site to China
Chinese corporation after comments by Donald Trump. The US president was
quoted by the Sunday Times warning it not to sell Wylfa, on Anglesey, “to
China”.
rising costs after Hitachi failed to reach a funding agreement with the UK
government. A Horizon Energy spokesman said: “We don’t comment on
speculation. “Our focus remains on securing the conditions necessary to
restart this crucial project, which would bring transformative economic
benefits to the region and play a huge role in helping deliver the UK’s
climate change commitments.”
lead the project to build the site. “We are not aware of any plans to sell
the project to China,” Hitachi told the Reuters news agency.https://www.bbc.co.uk/news/uk-wales-politics-53212790
Unacceptable to build a radioactive waste repository on the BiH border, Bosnia forming an expert team to plan Croatian nuclear waste disposal .
He expects that after the formation of the expert team, a meeting with the competent ministry in the Government of Croatia will follow and that, based on the application of European conventions, scientific, research and professional staff from BiH will be able to come to Trgovska Gora…… Košarac added, they are working on forming a proposal of a team for legal experts not to give up on the internationally recognized rights that BiH has signed at the international level.
He reiterated that it is completely unacceptable to build such a landfill on the border with BiH. https://www.sarajevotimes.com/164093-2/
European Union countries agreed to exclude nuclear, fossil gas from green transition fund
 EU ministers exclude nuclear, fossil gas from green transition fund
EURACTIV.com with Reuters European Union countries agreed on Wednesday (24 June) that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or natural gas projects, despite calls from some Eastern countries for gas to be eligible for EU funding. The European Commission, the EU’s executive, wants to set up a €40 billion Just Transition Fund, comprised of €30 billion from an EU coronavirus recovery fund and €10 billion from its budget for 2021-27. The fund aims to encourage a shift from high-carbon industries that would help coal miners to retrain and find new low-carbon jobs, and support regions whose economies depend on polluting sectors to build new industries. Ambassadors from the EU’s 27 member states agreed on Wednesday that the Just Transition “shall not support the decommissioning or the construction of nuclear power stations” nor “investment related to the production, processing, distribution, storage or combustion of fossil fuels,” according to a document, published on Thursday (25 June). The position is in line with the Commission’s, making it likely that the final Just Transition Fund will exclude nuclear and gas. The proposal will be finalised following negotiations between member states, the Commission and EU Parliament, with the latter typically favouring ambitious climate change policies…….. https://www.euractiv.com/section/energy/news/eu-ministers-exclude-nuclear-fossil-gas-from-green-transition-fund/ |
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US, Russia nuclear arms talks end with plans for second round
US, Russia nuclear arms talks end with plans for second round, Aljazeera, 26 June 20,
US says any new agreement on curbing nuclear weapons should include China, a condition Russia calls ‘unrealistic’. US and Russian negotiators have concluded a round of nuclear arms control talks in Austria’s capital, Vienna, aimed at producing a new agreement to replace the New START treaty that expires next year.
US negotiator Marshall Billingslea told reporters on Tuesday that the day of high-level “marathon discussions” ended late on Monday.
Billingslea said the talks had been productive enough to establish several technical working groups to delve deeper into the issues in order to pave the way for a second round of talks by late July or early August…… https://www.aljazeera.com/news/2020/06/coronavirus-deaths-children-extremely-rare-live-updates-200626000914304.html
Russia’s priority is to involve UK, France in future nuclear arms control talks — diplomat
Russia’s priority is to involve UK, France in future nuclear arms control talks — diplomat
The two states are the US closest NATO allies that possess nuclear weapons, the senior diplomat explained, MOSCOW, June 26. /TASS/. Russia thinks it necessary that the United Kingdom and France join the strategic nuclear arms control process as the United States’ closest NATO allies, Russian Deputy Foreign Minister Sergei Ryabkov said in an interview with TASS First Deputy Director General Mikhail Gusman on Friday……. https://tass.com/politics/1172109
North Korea to ‘counter nuclear with nuclear’ against US
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North Korea to ‘counter nuclear with nuclear’ against US https://www.9news.com.au/world/north-korea-to-counter-nuclear-with-nuclear-against-us/f1da3676-8adb-4056-9245-363b039406e9
By Inga Neilsen, Jun 26, 2020 North Korea has claimed it is prepared to use nuclear weapons in response to “hostile policy” by the US, according to an official government report.
The Democratic People’s Republic of Korea (DPRK) issued a report by the Ministry of Foreign Affairs Institute for Disarmament and Peace, which said the country had no choice but to counter “nuclear with nuclear.”
“In order to eliminate the nuclear threats from the US, the DPRK government made all possible efforts either through dialogue or in resort to the international law, but all ended in vain,” the report read.
“The option left was only one, and that was to counter nuclear with nuclear.”
The report, released on state run media on the 70th anniversary of the start of the Korean War, said the socialist state will continue to bolster its power to “to contain the persistent nuclear threats from the US.”
The Trump administration and Kim Jong Un’s regime embarked on a series of talks in an attempt to stop North Korea’s nuclear ambitions, but did not reach a binding agreement.
North Korea responses by firing short-range missile tests which blew up an inter-Korean liaison office, cutting communication lines with South Korea.
The option left was only one, and that was to counter nuclear with nuclear.”
South Korean President Moon Jae-in, speaking at a ceremony to honour veterans of the Korean War, urged North Korea to seek peace.
“We will continuously search for routes that are mutually beneficial for both Koreas through peace,” he said.
“Before speaking of unification, I hope that we can become friendly neighbours first.”
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Board of IAEA issues mild rebuke to Iran
Iran hawks in and outside the US government wanted a finding of non-compliance with Iran’s safeguards agreement with the IAEA and a report to the UN Security Council to buttress their campaign of “maximum pressure.”
USA financing nuclear projects abroad – but what if Small Nuclear Reactors are a flop?
Daily on Energy, presented by API: Inside the new US policy on financing nuclear abroad, Washington Examiner, by Josh Siegel, Energy and Environment Reporter & Abby Smith, Energy and Environment Reporter | June 22, 2020
INSIDE NEW POLICY ON FINANCING NUCLEAR ABROAD: The U.S. International Development Finance Corporation mostly had small nuclear reactors in mind when it proposed this month lifting its ban on funding nuclear projects overseas. But a senior official from the DFC – a greatly expanded successor to the Overseas Private Investment Corporation – says the agency also envisions select situations for funding traditional large reactors, despite recent projects being delayed or canceled by cost overruns……..
The official cited a move by Congress a year after lawmakers passed the BUILD Act in 2018, which authorized the DFC, that called on the U.S. government to support energy diversification projects in Europe as a counter to Russia’s “energy dominance.”
The DFC offers direct equity financing, loans, and political risk insurance, while Ex-Im can only offer credit or lending. The DFC has a total investment limit of $60 billion, amounting to about a $1 billion maximum per project, the official said.
“I am not aware we have anyone on staff who has built a nuclear power plant,” the official said. “What we do have is very strong policies and procedures and frameworks to look at big complicated projects.” https://www.washingtonexaminer.com/policy/energy/daily-on-energy-presented-by-api-inside-the-new-us-policy-on-financing-nuclear-abroad
Explaining the India-China conflict
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Nuclear powers, a disputed border and an uneasy truce: Explaining the India-China conflict A border clash between the two nuclear armed neighbors has drawn the world’s gaze to a disputed region in the Himalayas NBC News, June 20, 2020, By Saphora Smith High up in the Himalayas, Indian and Chinese armed forces warily eye each other across a disputed border region that has become the scene of a tense standoff between the two nuclear powers. The conflict in the remote Galwan Valley that spans their shared border sparked into life Monday with the killing of 20 Indian soldiers, the first reported deaths in 45 years. China has not disclosed whether its forces suffered any casualties, according to a report in its state-run newspaper, the Global Times. The deaths have drawn the world’s gaze to a region that the two most populous countries have been contesting for decades. The implications go far beyond the lonely snowcapped mountains of this geopolitically complex region.
………Thousands of troops have been camped either side of the Galwan Valley, in the mountainous region of Ladakh, for weeks.
The tense standoff started in early May, when Indian officials said Chinese soldiers crossed the boundary in Ladakh at three different points, erecting tents and guard posts and ignoring verbal warnings to leave, according to The Associated Press. That triggered shouting matches, stone-throwing and even fistfights between the two sides, much of it replayed on television news channels and social media, the news agency reported……. Among the reasons raised by analysts include China’s objection to India’s construction of a road through the Galwan Valley connecting the region to an airstrip, New Delhi’s increasing close alliance with Washington, and Beijing’s support for Pakistan in its dispute with India over the Kashmir region. ……… https://www.nbcnews.com/news/world/nuclear-powers-disputed-border-uneasy-truce-explaining-india-china-conflict-n1231310 |
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USA’s secret plan for “dominance”by exploding a nuclear bomb on the moon
REVEALED: The US wanted to detonate a nuclear bomb on the MOON in 1959 to counter the Soviet lead in the space race and show dominance
- New details of an astonishing scheme, first detailed in 1999, have been revealed
- John Greenewald, Jr writes in Secrets from the Vault about numerous plans
- He says a nuclear bomb on the moon was ‘one of the stupider things’ considered
- The US government also wanted to build a military base on the moon by 1966
By HARRIET ALEXANDER FOR DAILYMAIL.COM
PUBLISHED: 10:28 AEST, 21 June 2020 | UPDATED: 15:01 AEST, 21 June 2020
New details about a U.S. plan to blow up a nuclear bomb on the moon as a Cold War ‘show of dominance’ have been revealed in a recently-published book.
The secret mission, code-named Project A119, was conceived at the dawn of the space race by an Air Force division located at New Mexico‘s Kirtland Air Force Base.
A report authored in June 1959 entitled ‘A Study of Lunar Research Flights’ explained plans to explode the bomb on the moon’s ‘terminator’ – the area between the part of the surface that is illuminated by the sun, and the part that’s dark.
The explosion would have likely been visible with the naked eye from Earth because the military had planned to add sodium to the bomb, which would glow when it exploded
A nuclear bomb on the surface of the moon was definitely one of the stupider things the government could do,’ said John Greenewald, Jr., author of Secrets from the Vault.
The book, published in April, details some of the more surreal suggestions made in history.
Greenewald, 39, has been interested in U.S. government secrets since he was 15 and has filed more than 3,000 Freedom of Information Requests……… https://www.dailymail.co.uk/news/article-8443569/US-wanted-detonate-nuclear-bomb-moon-1959-dominance.html
UN nuclear watchdog seeks to inspect old nuclear sites in Iran
UN nuclear watchdog seeks to inspect old nuclear sites in Iran https://www.vaticannews.va/en/world/news/2020-06/un-nuclear-watchdog-seeks-to-inspect-old-nuclear-sites-in-iran.html The board of the UN atomic watchdog agency has issued a condemnation of Iran for stonewalling its nuclear inspectors.By Nathan Morley The United Nations’ atomic agency is continuing to put pressure on Iran.
In a new resolution, the international body has insisted Iran provide access to two sites where nuclear activity may have taken place in the last two-decades.
The resolution, which was put forward by France, Germany, and Britain with support by the United States, was passed by 25 votes in favour.
China and Russia voted against while seven other countries abstained
The UN is calling on the Iranians to satisfy the Agency’s requests without any further delay. It wants access to two sites in order to clarify whether undeclared nuclear activity took place there in the past.
However, Iran has been blocking access to the sites since early 2020, a move which has fuelled a diplomatic dispute. It is reported that the sites in question are not directly relevant to Iran’s current nuclear programme.
Speaking after the vote, Kazem Gharib Abadi, the Iranian ambassador to the IAEA, said he strongly rejected the resolution and would respond appropriately in due course.
For its part, the IAEA said it still has the access it needs to inspect Iran’s declared nuclear facilities according to its mandate under the nuclear deal reached in 2015.
Europe’s effort to save Iran nuclear deal
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Europe scrambles to save Iran nuclear deal as Trump insists key part of accord is scrapped
US president’s administration announces it has drafted extension to arms embargo on Tehran, Independent UK, Kim Sengupta, Defence Editor, 19 June 20, Western European diplomats are working on how to save the Iran nuclear accord in a day of important developments on the issue which saw Tehran censured by the UN nuclear watchdog, and the US reiterate its demand that a key part of the deal is scrapped. Foreign ministers of Britain, France and Germany – three signatory states to the agreement – met in Berlin to formulate a strategy for the next crucial months with Iran and its nuclear programme under focus. At a meeting in Vienna, the International Atomic Energy Authority (AEA) called on Iran to stop blocking its inspectors from two sites and the Trump administration announced that it has drafted an extension to an arms embargo on Iran which is due to be lifted in a few months time.
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U.S. – China talks may cover North Korea nuclear issue
North Korea nuclear issue may be on the agenda at US-China SCMP, 17 June 20Stephen Biegun, the US special representative for North Korea, will join the talks in Hawaii on Wednesday.
, suggesting the stalemate in nuclear disarmament negotiations with Pyongyang could be on the agenda.
and threatened military action against the South……….
The Hawaii meeting comes as relations between the world’s two largest economies are at their lowest point in decades and facing off on many fronts – from trade and technology to Hong Kong and the South China Sea. US officials, including President Donald Trump and Pompeo, have blamed Beijing for the coronavirus pandemic, while Beijing has accused Washington of trying to pass the buck to hide its own failings in dealing with Covid-19 in the US.
t also comes as tensions on the Korean peninsula are again escalating after Pyongyang demolished a four-storey liaison office set up near the border with South Korea in 2018 after the first summit between North Korean leader Kim Jong-un and South Korean President Moon Jae-in. A major setback for the detente in the region, observers said the move reflected Pyongyang’s growing frustration over its stalled nuclear talks with Washington.
UK’s Nuclear Future in Doubt amid Diplomatic Fallout over Huawai.
Telegraph 14th June 2020, UK’s Nuclear Future in Doubt amid Diplomatic Fallout over Huawai. Boris Johnson’s now faces a test of his diplomatic and political skills against the Chinese state. Eyeing China’s crackdown on Hong Kong protesters, seeking to define the UK’s place in the world post-Brexit, and shaken by the pandemic, the UK is hardening its stance on China – and the communist superpower is responding in kind.
Expectations that the UK will reduce Chinese company Huawei’s role in the UK’s 5G network have been met with veiled threats that Chinese companies might pull out of building UK nuclear power plants and other infrastructure – ratcheting up tensions with potentially profound political and economic consequences.
Chinese direct investment in the UK reached almost £50bn between 2000 and 2018, while in
2018 the UK sold £22.6bn worth of goods to China and bought £44.7bn of Chinese goods. It was less than five years ago that David Cameron and Chinese president Xi Jinping popped into the Plough in Cadsden, Bucks, to toast a “golden era” of friendship between the two nations over pints
of IPA and fish and chips.
The visit took place just two days after the Chinese nuclear power giant China General Nuclear and France’s EDF agreed to build the Hinkley Point C nuclear power plant in Somerset, as part of about £40bn in business deals signed between the UK and China. Hinkley
Point C is now taking shape next to the Bristol Channel, but plans for a second plant with EDF, Sizewell C, and CGN’s own plant, Bradwell B inEssex, as well as other infrastructure investment now appear to be at risk if the UK ousts Huawei.
Plenty argue that would be no bad thing. China’s involvement in the UK’s nuclear power plants has long been controversial due to security concerns, while some experts also argue that large nuclear power plants have had their day as a source of energy. “The energy landscape has changed,” argues Paul Dorfman, of the UCL Energy Institute,
given that offshore wind power and other renewable technologies are getting much cheaper and more effective……. https://www.pressreader.com/uk/the-sunday-telegraph-money-business/20200614/281698321989436
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