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Toshiba’s failure shows business can’t deliver a nuclear future 

Guardian,9 Nov 18 , Phillip Inman As Cumbria reactor plan stalls, it is clear that huge resources are needed for such projects.  If the government was keen to boost Britain’s nuclear industry, it was always clear that the private market would struggle to deliver.

The decision by Toshiba to close down its UK operations is a case in point. After the deal to build new reactors at Hinkley Point with the French firm EDF, Toshiba was favoured by ministers to design and construct a smaller power station on the Cumbrian coast.

Hinkley was a deal that appeared to be with a private company but the really meaningful talks were between Whitehall officials and their counterparts in the French government, EDF’s controlling shareholder. It took years of agonising brinkmanship to conclude the talks, much of them conducted on the French side by the then economy minister, Emmanuel Macron.

Toshiba, on the other hand, is a private company struggling on its own to navigate the complex politics surrounding nuclear power in the wake of the Fukushima disaster.

In 2006 it bought the US nuclear business Westinghouse, part of British Nuclear Fuels and home to much of the UK’s nuclear power industry. With climate change creeping to the top of the agenda and demand for new nuclear plants around the world growing, it seemed like a good idea.

However, the 2011 Fukushima disaster changed all that. Governments in Japan and other countries halted the development of new nuclear plants. Last year, cost overruns on building the first new US nuclear power plants in three decades pushed Westinghouse into bankruptcy and Toshiba into financial meltdown. The future of the Cumbrian nuclear plant has been in doubt ever since.

Earlier this year Toshiba sold Westinghouse to a private equity outfit as a services provider for existing nuclear plants. The construction of new reactors was not on the agenda. To no one’s surprise, Toshiba has now confirmed it has abandoned building any new plants in the UK.

Without entering the argument about whether nuclear is a good option – and the government advisory body, the National Infrastructure Commission, is unequivocal that renewables such as wind and solar were going to be a safer, cheaper option – it is clear huge commitments of time, resources and political capital are necessary for infrastructure projects of this scale to get off the ground and through to completion.https://www.theguardian.com/business/2018/nov/08/toshibas-failure-shows-business-cant-deliver-a-nuclear-future

November 10, 2018 Posted by | business and costs, UK | Leave a comment

Plans for a new nuclear power station in Cumbria have been scrapped

UK nuclear power station plans scrapped as Toshiba pulls out, Guardian, Adam Vaughan@adamvaughan_uk,  8 Nov 2018  Firm’s nuclear arm to wind up next year and scrap Cumbria plant leaving big hole in UK energy plans Plans for a new nuclear power station in Cumbria have been scrapped after the Japanese conglomerate Toshiba announced it was winding up the UK unit behind the project.

Toshiba said it would take a 18.8bn Japanese yen (£125m) hit from closing its NuGeneration subsidiary, which had already been cut to a skeleton staff,after it failed to find a buyer for the scheme.

The decision represents a major blow to the government’s ambitions for new nuclear and leaves a huge hole in energy policy. The plant would have provided about 7% of UK electricity.

“This is a huge disappointment and a crushing blow to hopes of a revival of the UK nuclear energy industry,” said Tim Yeo, the chair of pro-nuclear lobby group New Nuclear Watch Institute and a former Tory MP.

Greenpeace UK’s executive director, John Sauven, said: “The end of the Moorside plan represents a failure of the government’s nuclear gamble.”

After a board meeting of Toshiba on Thursday, the company said it was winding up NuGeneration because of its inability to find a buyer and the ongoing costs it was incurring. The firm has already spent more than £400m on the project.

“Toshiba recognises that the economically rational decision is to withdraw from the UK nuclear power plant construction project, and has resolved to take steps to wind-up NuGen,” the firm said in a statement………

Some industry watchers said the collapse of the scheme should be seen as an opportunity rather than a risk, for the UK to prioritise renewables instead.

Jonathan Marshall, an analyst at the ECIU thinktank, said: “Shifting away from expensive, complicated technology towards cheaper and easier to build renewables gives the UK the opportunity to build an electricity system that will keep bills for homes and businesses down for years to come.”

The government’s infrastructure advisers recently urged ministers to rethink their nuclear plans and focus on renewables instead……..https://www.theguardian.com/environment/2018/nov/08/toshiba-uk-nuclear-power-plant-project-nu-gen-cumbria

November 10, 2018 Posted by | business and costs, UK | Leave a comment

Toshiba dumps its UK nuclear business

Toshiba Ditches UK Nuclear Business, U.S. LNG Operations, Oil Price.com Toshiba will also liquidate another nuclear subsidiary in the UK, Advance Energy UK Limited. The loss that the company will book from the wind-ups will come in at US$130 million (15 billion yen) and will be booked in its 2018/19 results………

Earlier this year, Toshiba sold its U.S. nuclear power business, Westinghouse, for US$4.6 billion to a group of investment companies led by Brookfield Asset Management. The deal puts an end to a major headache for the Japanese conglomerate, which last year warned that it might have trouble surviving if it didn’t find a buyer for the nuclear power plant constructor, which it acquired in 2006 for US$5 billion.

Plagued by project delays and cost overruns that came up to US$6 billion for two large-scale projects in the United States, Westinghouse filed for Chapter 11 bankruptcy protection last March. The business had by that time generated US$6.3 billion in writedowns for the parent company that resulted in Toshiba reporting a net loss of US$9.1 billion for 2016……..https://oilprice.com/Latest-Energy-News/World-News/Toshiba-Ditches-UK-Nuclear-Business-US-LNG-Operations.html

November 10, 2018 Posted by | business and costs, UK | Leave a comment

Russia warns that USA’s “limited nuclear operations” strategy could spark Word War 3

World War 3 alert: US nuclear weapon strategy will spark CATASTROPHE warns Russia, RUSSIA has warned a proposed US strategy involving the “limited” use of nuclear weapons would spark World War 3 if it is ever put into practice., Express UK,  By HARVEY GAVIN, , Nov 8, 2018 |Elbridge Colby, who served as a high ranking official in Donald Trump’s administration, recently advocated the use of tactical nukes in targeted attacks to repel an attack by Russia or China. But Moscow today branded the plans “irresponsible and dangerous”, warning: “Using nuclear weapons in pinpoint attacks is tantamount to playing with the devil.” Mr Colby, a former deputy assistant secretary of defence for strategy and force development, explained the thinking behind his strategy in an article for Foreign Affairs magazine entitled ‘If you want peace, prepare for nuclear war’………

Russian Foreign Ministry Spokeswoman Maria Zakharova said any use of nukes, regardless of their size, would lead to global catastrophe.

Addressing reporters today, she said there are growing calls in Washington to “increase the role of nuclear weapons and expand the possibilities of the US nuclear arsenal” to counter the “mythical Russian threat”, according to the Moscow-based TASS news agency.

Ms Zakharova went on to demand answers on the proposed “limited nuclear operations” strategy.

She said: “I want a clarification: where would these limited operations be carried out?

“On what continent would this strategy be fulfilled, if it was fulfilled?”………https://www.express.co.uk/news/world/1042901/world-war-3-russia-usa-tactical-nuclear-weapon-strategy

November 10, 2018 Posted by | Russia, weapons and war | Leave a comment

Britain’s Bradwell nuclear project under scrutiny- risks of flooding, water overuse, environmental degradation

BANNG 7th Nov 2018 , BANNG’s visit to the Bradwell B site (reported on in the October edition)
gave an opportunity to discuss the early site assessment undertaken by the
company.

The question in all our minds was: ‘is this a suitable site for
the Bradwell B nuclear complex?’ At this stage the developer’s answer
is nuanced: a case of we hope so but we are a long way from knowing.

The Bradwell project is currently under scrutiny by the regulatory authorities
in a process known as Generic Design Assessment. Taken together the site
assessment and the GDA provide an opportunity for BANNG to press concerns
about three key issues which, we believe, make the site wholly unsuitable
and unsustainable.

The first is the high probability risk of flooding
‘especially during the later stages of operation and decommissioning of a
potential nuclear power station’. Second, is the issue of providing the
vast quantities of water needed to cool the reactors. The third issue is
the environmental destruction this project would cause.
https://www.banng.info/news/bradwell-b-an-unsuitable-site-for-development/

November 10, 2018 Posted by | politics, UK | Leave a comment

Toshiba closes down its UK operations – showing that nuclear power is just not commercially viable

Toshiba’s failure shows business can’t deliver a nuclear future, Guardian, 9 Nov 18  Phillip Inman

As Cumbria reactor plan stalls, it is clear that huge resources are needed for such projects.  If the government was keen to boost Britain’s nuclear industry, it was always clear that the private market would struggle to deliver.

The decision by Toshiba to close down its UK operations is a case in point. After the deal to build new reactors at Hinkley Point with the French firm EDF, Toshiba was favoured by ministers to design and construct a smaller power station on the Cumbrian coast.

Hinkley was a deal that appeared to be with a private company but the really meaningful talks were between Whitehall officials and their counterparts in the French government, EDF’s controlling shareholder. It took years of agonising brinkmanship to conclude the talks, much of them conducted on the French side by the then economy minister, Emmanuel Macron.

Toshiba, on the other hand, is a private company struggling on its own to navigate the complex politics surrounding nuclear power in the wake of the Fukushima disaster.

In 2006 it bought the US nuclear business Westinghouse, part of British Nuclear Fuels and home to much of the UK’s nuclear power industry. With climate change creeping to the top of the agenda and demand for new nuclear plants around the world growing, it seemed like a good idea.

However, the 2011 Fukushima disaster changed all that. Governments in Japan and other countries halted the development of new nuclear plants. Last year, cost overruns on building the first new US nuclear power plants in three decades pushed Westinghouse into bankruptcy and Toshiba into financial meltdown. The future of the Cumbrian nuclear plant has been in doubt ever since.

Earlier this year Toshiba sold Westinghouse to a private equity outfit as a services provider for existing nuclear plants. The construction of new reactors was not on the agenda. To no one’s surprise, Toshiba has now confirmed it has abandoned building any new plants in the UK.

Without entering the argument about whether nuclear is a good option – and the government advisory body, the National Infrastructure Commission, is unequivocal that renewables such as wind and solar were going to be a safer, cheaper option – it is clear huge commitments of time, resources and political capital are necessary for infrastructure projects of this scale to get off the ground and through to completion.https://www.theguardian.com/business/2018/nov/08/toshibas-failure-shows-business-cant-deliver-a-nuclear-future

November 9, 2018 Posted by | business and costs, UK | Leave a comment

Frazer Nash nuclear helps nuclear lobby to infiltrate academia

November 8, 2018 Posted by | Education, UK | Leave a comment

Europe has set up a mechanism to sidestep U.S. sanctions against Iran

November 6, 2018 Posted by | EUROPE, Iran, politics international | Leave a comment

Did Hungarian nuclear authorities fudge the measurement of water heating at Paks nuclear plant ?

November 5, 2018 Posted by | climate change, EUROPE, secrets,lies and civil liberties | Leave a comment

The nuclear lobby claims wrongly that tritium is harmless

APAG2 2nd Aug 2018 *Fusion** The nuclear lobby claims wrongly that tritium is harmless to discharge into
the environment, and that nuclear fusion, in which tritium is used as fuel,
is safe. With this consummate manipulation, the French nucleocrats are
passing ITER the nuclear fusion reactor currently under construction at
Cadarache [Bouches-du-Rhone] a carte blanche. But it is not safe.
https://apag2.wordpress.com/2018/08/02/iter-tritium-danger-%e2%80%a8larnaque-mortifere-du-lobby-du-nucleaire/

November 5, 2018 Posted by | France, technology | Leave a comment

Swedish Environmental Court has concerns about speed of corrosion of copper nuclear waste canisters

GDF Watch 4th Nov 2018 , The company responsible for delivering Sweden’s deep geological repository, SKB, is planning to subject their research into copper
corrosion to international peer review in the new year. SKB believe this is
the most transparent and open way in which to address concerns about the
contentious issue, which has held up final decision-making on the Swedish
national repository for higher activity radioactive waste.
Earlier this year the Swedish Environmental Court largely approved SKB’s plans for a
geological disposal facility in Osthammar. However, the Court had concerns
about the speed at which copper canisters corrode and the potential
consequential environmental impact. Conflicting scientific evidence was
presented to the Court. The Court decided that this was something the
Swedish Government needed to consider further before any approval was given
to the planned radioactive waste disposal facility. The Swedish Government
asked SKB to provide additional information by 31 March 2019.
http://www.gdfwatch.org.uk/2018/11/04/sweden-copper-corrosion-update/

November 5, 2018 Posted by | safety, Sweden, wastes | Leave a comment

Radioactivity induced mutations in the animals of Chernobyl

November 5, 2018 Posted by | environment, Reference, Ukraine | Leave a comment

Extreme weather and nuclear power plants

 https://nuclearexhaust.wordpress.com/2018/11/04/extreme-weather-and-nuclear-power-plants/

https://www.researchgate.net/publication/289163143_Extreme_weather_and_nuclear_power_plants_EXWE_EXWE_summary_report

see also download at :http://safir2014.vtt.fi/finalseminar/Day_2/TR5_8_4_EXWE_SAFIR2014.pd   fKirsti Jylhä
32.05Finnish Meteorological Institute, Hanna M. Mäkelä, 24.69Finnish Meteorological Institute, Ari Venäläinen
34.18Finnish Meteorological Institute, Milla Johansson, 19.57Finnish Meteorological Institute

“This research comprehensively described the occurrence of extreme weather and climate events and aspects of sea level rise that are relevant from the view point of safety of nuclear power plants.

Studies about the frequency, intensity, and spatial and temporal variation of the extreme weather events and their combinations were carried out utilising instrumental meteorological observations, a 1 200-year long preindustrial control simulation and future climate model simulations.

In addition to the role of natural climate variability, the study clarified the influence of human-induced climate change on extreme weather events and sea level values. The longest future climate and sea level projections extend to the end of the 21st century.

According to them, the daily maximum temperatures and the length of the longest hot spells will clearly increase in Finland. The largest changes, however, are projected for the wintertime minimum temperatures. During summer there will be more intensive precipitation events and during winter more frequent precipitation days. The mean sea level is projected to rise, the change depending on the location along the Finnish coastline. Uncertainty ranges in the mean sea level scenarios are large mainly due to uncertainties in the future behaviour of the continental ice sheets.” end quote. Please see original link above.

November 5, 2018 Posted by | climate change, Finland | Leave a comment

NuGen nuclear power project in Moorside, Cumbria, UK, soon to bite the dust?

Sunday Times 4th Nov 2018 Plans to build a nuclear power station to provide up to 7% of the
country’s electricity could be ditched within days after talks with a
potential buyer stalled.

The planned NuGen plant in Moorside, Cumbria, has
been in trouble since financial problems emerged in 2016 at the owner,
Toshiba, and its nuclear subsidiary Westinghouse Electric filed for
bankruptcy protection.

Toshiba has been trying to sell the project.
However, talks with South Korea’s state-owned Korean Electric Power
Corporation (Kepco) have yet to lead to a deal, and Kepco was stripped of
preferred bidder status in August.

It is thought that Toshiba’s board is
set to meet in Tokyo on Thursday, when directors will decide whether to
continue trying to find a buyer or to wind up the project, which is
believed to have been costing millions of pounds a month.

Winding up NuGen— seen as the likely outcome — would deal a big blow to the
government’s energy strategy. NuGen had been due to start powering about
6m homes from 2025. The private equity firm Brookfield, which bought
Westinghouse, was also in talks with Toshiba over the deal but it is
believed these have collapsed. China’s CGN has also been interested.
https://www.thetimes.co.uk/edition/business/crunch-talks-to-rule-on-cumbria-nuclear-plant-gvtg2ztrh

November 5, 2018 Posted by | business and costs, UK | Leave a comment

UK could be running solely on zero carbon renewable in summer months 2050.

Business Green 2nd Nov 2018 The UK power market will be able to withstand huge volumes of new renewable
generation coming on line according to new research, which suggests the
country could be running solely on zero carbon power during the summer
months by 2050.
The paper, released today by Aurora Energy Research,
explores what happens to the UK power market as it transitions to a high
level of renewable power. Aurora modelled a 2050 scenario where power
demand has risen by two-thirds from today, thanks to the rise of EVs, and
the grid now boasts 130GW of nuclear, wind and solar generation capacity.
Low power demand and a seasonal spike in renewables generation could
effectively lead to zero-carbon summers for the UK electricity grid under
this scenario, according to Aurora. But such large volumes of renewable
power would also “fundamentally alter” the workings of the power market,
with price crashes in the summer months as green power generation soars.
https://www.businessgreen.com/bg/news/3065602/aurora-er-uk-could-enjoy-zero-carbon-summer-power-by-2050

November 5, 2018 Posted by | renewable, UK | Leave a comment