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The power of wind energy and how to use it -CHINESE ASSOCIATION OF AUTOMATION

 https://www.eurekalert.org/pub_releases/2017-01/caoa-tpo012517.php Distributed Model Predictive Load Frequency Control of Multi-area Power System with DFIGs

CHINESE ASSOCIATION OF AUTOMATION Wind offers an immense, never ending source of energy that can be successfully harnessed to power all of the things that currently draw energy from non-renewable resources. The wind doesn’t always blow, though.

Researchers from North China Electric Power University and North China University of Science and Technology recently developed a model to help predict wind frequency and potential contributions to more traditional energy sources. The scientists published their paper in IEEE/CAA Journal of Automatica Sinica (JAS).

“Reliable load frequency control is crucial to the operation and design of modern electric power systems,” wrote Yi Zhang, a doctoral student at the North China Electric Power University and an author on the paper. “Due to the randomness and intermittence of the wind power, the controllability and availability of wind power significantly differs from conventional power generation.”

Their method is based on “Model Predictive Control,” wherein checkpoints across a power grid can exchange information and adjust accordingly. The researchers decentralized this model, so that a problem in one area could be solved to benefit the entire grid. The computer algorithm predicts the variables that influence the grid (demand, supply, etcetera) and applies those constraints for any problem that any part of the system might encounter.

A traditionally controlled grid could, for example, redirect otherwise unused energy from sleeping citizens to a power-hungry hospital or some other entity that continues to require energy even during typical off times. In a decentralized system, like the one modeled by Zhang and her colleagues, the system works the same way, but instead of having to clear the redirection with every checkpoint, the variables are assumed and the action is nearly immediate.

To test their algorithm, the researchers compared the volume output and dependability of a four-part system – four plants sharing responsibility for generating power in different areas – with and without the incorporation of wind power.

In the analysis of a conventional power plant, the researchers found that their model required much less computational time compared to the traditional Model Predictive Control. That’s a major advantage, as the computing process is expensive in both time and energy.

When the researchers added the hard-to-predict wind turbines as a source of power in the model, it still worked as well. According to the scientists, the major flaw is that computational needs will increase to maintain system stability, which cannot be guaranteed in their algorithm.

“Our future work is focused on [pursuing] the implementation of [our algorithm] with guaranteeing stability and feasibility while reducing the computation and communication requirements,” Zhang wrote.

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Fulltext of the paper is available: http://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=7815559

January 27, 2017 Posted by | China, renewable | Leave a comment

Despite nuclear tensions, Americans have continued to send humanitarian aid to North Korea

US Humanitarian Aid Goes to North Korea Despite Nuclear Tensions, VOA, January 25, 2017 Baik Sung-won WASHINGTON —  The United States has provided $1 million in humanitarian aid to impoverished North Korea, the U.S. State Department said Wednesday.

Despite growing tensions between North Korea and Washington, the U.S. sent the assistance last week on the day before President Donald Trump was sworn in and took over the U.S. government.

It marks the first time that the U.S. provided humanitarian assistance to the North since 2011, when it provided relief items including medical supplies to North Korean flood victims. That aid, worth $900,000, was made through Samaritan’s Purse, a U.S.-based humanitarian aid organization.

Aid to help typhoon damageThe current assistance comes in the aftermath of Typhoon Lionrock, which hit North Korea in August with heavy rain that resulted in flooding. At the time, the government reported hundreds were dead and missing, and said thousands had lost their homes. International aid organizations responded immediately.

Outgoing Secretary of State John Kerry awarded $1 million for North Korea to UNICEF, a U.N. agency, the day before President Donald Trump took office last week………http://www.voanews.com/a/united-states-humanitarian-aid-goes-to-north-korea/3692811.html

 

January 27, 2017 Posted by | North Korea, Religion and ethics, USA | Leave a comment

After years of setbacks, Japanese unfit for nuclear energy projects

No one is fit for nuclear.

Not those who believed that they were nor those who still believe that they are.

Let’s all ban this deadly industry from our planet earth!

 

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According to a well-known joke about the national traits of Europeans, it is heaven if the chefs are French, the engineers are German and the bankers are Swiss and it is hell if the chefs are British, the engineers are French and the bankers are Italian.”
As for the Japanese? They appear not suited to a particular field — nuclear energy. And that is no joke. The development of nuclear technology as part of national policy and by private nuclear businesses has repeatedly experienced failure, causing problems to numerous people and wasting a massive amount of money.

Mutsu, Japan’s first and only nuclear-powered ship which was launched in the early 1970s, suffered a radiation leakage and was decommissioned in 1992 after having only four experimental runs.

The government decided late last year to decommission the prototype fast-breeder reactor Monju in Fukui Prefecture, which has hardly been in operation for more than 20 years following a fire triggered by a sodium leak broke out at the facility in 1995.

Construction work on a spent nuclear fuel reprocessing plant in Rokkasho, Aomori Prefecture, got underway in 1993, but its completion was postponed 23 times and there are no prospects that it will be put in operation in the foreseeable future.

Roughly 5 trillion yen has so far been spent on nuclear projects in Japan.

In March 2011, a serious accident occurred at Tokyo Electric Power Co.’s Fukushima No. 1 Nuclear Power Plant after the complex was hit by a massive tsunami triggered by the Great East Japan Earthquake. Over 80,000 residents from areas near the atomic power station are still living outside the affected areas as evacuees. The costs of dealing with the nuclear crisis have already surpassed 20 trillion yen.

Meanwhile, Toshiba Corp. has added a new page to the negative history of Japan’s nuclear development.

In 2006, Toshiba acquired Westinghouse Electric Co., a U.S. nuclear plant company, for over 600 billion yen. The deal was criticized as too costly, but Toshiba wanted to control the world nuclear power market. Toshiba’s president at the time was upbeat about the takeover saying, “We’ll conduct business aggressively.”

Nevertheless, Toshiba will likely suffer nearly 1 trillion yen in losses from the deal because the electronics giant failed to find hidden problems involving its U.S. nuclear power unit. The world nuclear power market has shrunk since the outbreak of the Fukushima nuclear crisis. Following revelations that it had padded its profits through accounting irregularities, Toshiba downsized its workforce by more than 10,000 people, but its rehabilitation efforts are still insufficient. Its financial difficulties have even put the company’s survival in jeopardy.

Physicist and technology commentator Kiyoshi Sakurai, who is well versed in technical problems and accidents involving nuclear plants, warned in a past Mainichi Shimbun interview, “Only a handful of those concerned with a certain project loudly underscore the significance of the project. These people could self-righteously go too far without understanding the project’s objectivity or necessity.”

His remarks remind the public of a past silly war (World War II).

More sadly, it is feared that Japanese people traumatized by the atomic bombing tend to stick to the peaceful use of atomic energy and have lost the capacity for calm and rational judgment.

After reviewing the above, one can see that Japanese people are unfit for nuclear energy development projects. (By Hideaki Nakamura, Editorial Writer)

http://mainichi.jp/english/articles/20170125/p2a/00m/0na/006000c

January 25, 2017 Posted by | Japan | , | Leave a comment

China challenges Donald Trump, in deploying nuclear missiles close to Russia

flag-Chinamissiles s korea museumChina Announces Deployment of New Long Range Nuclear Missile, Popular Mechanics. 24 Jan 17 
The target—at least of the announcement—is Trump. 
In a rare move, China has publicly announced the deployment of a new intercontinental ballistic missile (ICBM). The Dong Feng (“East Wind”) -41 missile, or DF-41, can carry up to a dozen nuclear warheads and China claims it has the longest range of any nuclear missile in the world. The announcement of the missiles is likely a warning to U.S. President Donald Trump, who is known for sharply worded anti-Chinese rhetoric and has announced plans for a new ballistic missile system.

 According to China’s Global Times newspaper, the People’s Liberation Army has deployed its newest intercontinental ballistic missile to Heilongjiang Province. The article cited eyewitness photos culled from Chinese social media by news media in Taiwan and Hong Kong. The photos showed heavy missile launchers, also known as transporter/erector/launchers (TELs) moving through Daqing City in Heilongjiang.

The DF-41 is described by Global Times as the most advanced ICBM in the world. It reportedly has a range of 8,699 miles, enough to hit any target on Earth with the exception of South America and parts of Antarctica. It can carry up to 12 nuclear warheads, and travels on China’s nationwide network of roads to make it difficult to track down and destroy.

The location of the missiles and the timing of the release are notable. Heilongjiang Province is in Northern China, near the country’s long border with Russia. The DF-41’s long range, if accurate, means it could be based anywhere and still hit any useful target on Earth, but the implication is that China considers Russia a friendly country.

 While China tends to be low-key regarding nuclear weapons and nuclear deterrence, this seems like a deliberate move to make a subtle threat. After all, it was probably completely unnecessary to move strategic nuclear weapons through a city of 2.9 million people, unless you want to get the word out. President Donald Trump, meanwhile, has been talking tough about China as well as enhancing America’s ballistic missile shield. If China wanted to overwhelm the shield with more missiles, the DF-41 would be the way to do it………http://www.popularmechanics.com/military/weapons/a24893/china-announces-deployment-long-range-nuclear-missile/

January 25, 2017 Posted by | China, politics international, weapons and war | Leave a comment

Pakistan test-fires nuclear missile capable of hitting multiple targets,

http://zeenews.india.com/asia/pakistan-test-fires-nuclear-missile-capable-of-hitting-multiple-targets_1970284.html
 January 24, 2017 Islamabad: Pakistan on Tuesday “successfully” test-fired its second indigenously-developed nuclear-capable missile, Ababeel, with a range of 2,200 km and capable of “engaging multiple targets with high precision”. The test firing comes two weeks after the launch of submarine-fired Babar III, that Indian analysts dubbed as fake.

In an apparent reference to India, Pakistan Military spokesperson Maj Gen Asif Ghafoor said: “The development of the Ababeel weapon system was aimed at ensuring survivability of Pakistan’s ballistic missiles in the growing regional Ballistic Missile Defence (BMD) environment.”

The missile is capable of delivering multiple warheads, using Multiple Independent Re-entry Vehicle (MIRV) technology. “The test flight was aimed at validating various design and technical parameters of the weapon system,” Maj Gen Ghafoor said in a statement.

“Ababeel is capable of carrying nuclear warheads and has the capability to engage multiple targets with high precision, defeating the enemy’s hostile radars,” it added.

On January 8, Pakistan conducted its first successful test fire of submarine launched cruise missile Babur III having a range of 450 km. The missile was fired from an underwater, mobile platform and hit its target with precise accuracy.

The Babur weapons system incorporates advanced aerodynamics and avionics that can strike targets both at land and sea with high accuracy, according to ISPR. It has been described as a low flying, terrain hugging missile, which carries certain stealth features and is capable of carrying various types of warheads.

January 25, 2017 Posted by | Pakistan, weapons and war | Leave a comment

China deploys nuclear missiles to the Russia-China border in the northeast Heilongjiang province

Is China Going To War? Nuclear Missiles Deployed To Russian Border, Putin’s Kremlin Responds http://www.ibtimes.com/china-going-war-nuclear-missiles-deployed-russian-border-putins-kremlin-responds-2480325 BY  @CHRISRIOTTA ON 01/24/17 The Chinese government reportedly deployed nuclear missiles to the Russia-China border in the northeast Heilongjiang province, an act Russian President Vladimir Putin’s government described as a nonissue Tuesday, Russian and Chinese media reported. The ballistic missiles, called the Dongfeng-41 Intercontinental Ballistic Missile, are capable of traveling up to 15,000 kilometers and was successfully tested with dummy warheads by the Chinese government in the South China Sea in April last year.

Unverified photos and videos of the massive ballistic missiles being deployed in the Chinese suburb made waves online as they spread across social media throughout this month. The footage had not been reported on until Tuesday, when the Kremlin’s Spokesperson Dmitry Peskov said “[Russia doesn’t] see the military disposition of China as a threat to our country,” the Moscow Times reported Tuesday.

A video posted to Twitter shows officials guiding a large vehicle along a highway as it carried what appeared to be the DF-41 intercontinental missile.

January 25, 2017 Posted by | China, weapons and war | Leave a comment

On February 14, Toshiba will reveal extent of U.S. nuclear business writedown

nuclear-costsToshiba to unveil extent of U.S. nuclear business writedown on February 14 , Reuters 24 Feb 17 Japan’s Toshiba Corp (6502.T) said it will unveil the extent of the writedown on its U.S. nuclear business on Feb. 14 when it reports its results for the quarter ended Dec. 31.

The laptops-to-engineering conglomerate, still recovering from a $1.3 billion accounting scandal two years ago, shocked investors in December by announcing major cost overruns at the U.S. nuclear business it bought in 2015. …….

Last week, media reported the troubled Japanese firm may unveil a writedown of as much as 700 billion yen ($6.18 billion) for its nuclear business……… rating agency Standard and Poor’s downgraded Toshiba’s debt to CCC+, or vulnerable to nonpayment, from B, and put the company’s credit watch on negative. http://www.reuters.com/article/us-toshiba-accounting-writedown-idUSKBN1580QV

January 25, 2017 Posted by | business and costs, Japan | Leave a comment

Nuclear and radiological insecurity in South Asia

safety-symbol-SmThe terrifying geography of nuclear and radiological insecurity in South Asia, Bulletin of the Atomic Scientists, 22 JANUARY 2017 Hannah E. Haegel and Reema Verma Terrorism involving nuclear or radiological materials remains one of the gravest threats to humanity and to global stability. It was a central concern throughout President Obama’s tenure, with efforts to harness international initiatives coming to the fore at the Nuclear Security Summits. The incoming administration, however, should take a fresh look at a region of the world that hosts two states with nuclear weapons and a serious terrorism problem: South Asia.

Analysis on South Asia tends to occur in silos that focus on either nuclear risks or terrorism risks; fewer studies investigate the overlap between the two.

But we’ve mapped the geography of high-risk locations and violence by non-state actors—that is, the target threat environment—in South Asia’s two states with advancing nuclear weapons programs, India and Pakistan. The low probability but high potential cost of an incident of nuclear or radiological terror merits greater attention from citizens and policy makers alike, and the requisite means, motive, and opportunities for an incident of terror via weapons of mass destruction or disruption converge in South Asia.

The upcoming Summit on Countering WMD Terrorism, to be hosted by India in 2018, offers an opportunity bring attention to the issue. But preparations must begin well in advance of that summit, if the slow-moving machine of bureaucratic change is to be turned to address the institutional and governance problems India and Pakistan exhibit in regard to countering WMD terrorism.

Means to achieve mass destruction or disruption. South Asia is home to expanding and maturing nuclear weapons programs and widespread, frequent, and organized domestic and cross-border terror attacks. Recent incidents include a September 18 assault by terrorists who crossed the border from Pakistan to attack an Indian Army camp at Uri. This incident was followed by Indian retaliation, in the form of a publicly touted “surgical strike.” But this clash is one of many. Overall, the region (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka) was host to 22,077 terrorist incidents between 2010 and 2015, some 36 percent of the global total. Nearly half of all terrorist attacks in 2015 occurred in four countries: Afghanistan, Iraq, India, and Pakistan. India and Pakistan alone suffered a total of 13,322 incidents and 5,471 fatalities between 2010 and 2015. The Global Terrorism Database at the University of Maryland classified 30 percent of those attacks as armed assaults.

The different modalities of nuclear or radiological terrorism include: an attack on a nuclear facility, theft of nuclear or radiological material and construction of a “dirty bomb,” and theft of a nuclear weapon. A fourth, and often overlooked, path by which terrorists could precipitate a nuclear incident is to stage escalatory attacks that draw two states into a nuclear crisis or conflict.

The conditions for all four routes are prime in South Asia’s nuclear and radiological threat environment.

The motive for a nuclear or radiological terror attack. A number of violent non-state actors have alluded to their interest in pursuing WMD or precipitating a nuclear event. Some have been even more explicit, demonstrating intent to target a nuclear facility…….http://thebulletin.org/terrifying-geography-nuclear-and-radiological-insecurity-south-asia10416?platform=hootsuite

January 25, 2017 Posted by | ASIA, safety | Leave a comment

NRA clears Genkai reactors

The R3 and R4 of the Genkai nuclear power plant, Pref. Saga, have met the new safety standards of the NRA. Restart announced at the end of summer.

As of today: Have met the safety standards, 10 reactors in 5 nuclear plant namely also Sendai R1, R2 – Takahama R1 to R4 – Mihama R3 – Ikata R3.

Two reactors have now been restarted: Sendai 1 and Ikata 3 (using MOX).

 

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The Nuclear Regulation Authority formally decided Wednesday on the screening document certifying that the Nos. 3 and 4 reactors at Kyushu Electric Power Co.’s Genkai nuclear power plant in Saga Prefecture satisfied the country’s safety standards for their restart.

The latest decision made at an NRA regular meeting brings to 10 the number of reactors, at five nuclear power plants, that have satisfied the regulator’s new safety standards, introduced after the nuclear disaster at Tokyo Electric Power Company Holdings Inc.’s Fukushima No. 1 nuclear power plant in 2011. The two Genkai reactors are scheduled to be back online sometime in or after summer this year.

The Kyushu power company applied for a safety screening on those reactors in July 2013. At that time, the company anticipated an earthquake with an acceleration of up to 540 gal at the Genkai plant followed by tsunami of up to 3 meters high. However, the NRA deemed the simulation as “too optimistic” and the figures were raised to an acceleration of 620 gal with 4-meter-high tsunami.

In November last year, the NRA approved a draft document as the two reactors complied with the new standards. The NRA then solicited public opinions and received 4,200 comments, including concerns over possible earthquakes, but concluded that there was no problem with compliance.

With the formal decision being made on the Genkai plant, the focus for the restart has moved to an approval of a construction plan that maps out the specifications of related equipment for safe operation as well as whether it can obtain the consent of local governments for the restart.

So far, nuclear reactors that have passed the NRA’s screenings under the new standards are the Nos. 1 and 2 reactors at Kyushu’s Sendai power plant in Kagoshima Prefecture, the Nos. 1 to 4 reactors at Kansai Electric Power Co.’s Takahama plant and KEPCO’s No. 3 reactor at Mihama plant, both in Fukui Prefecture, and the No. 3 reactor at Shikoku Electric Power Co.’s Ikata plant in Ehime Prefecture. Currently, two reactors — Sendai plant’s No. 1 and Ikata’s No. 3 — are online.

http://www.the-japan-news.com/news/article/0003466628

 

January 24, 2017 Posted by | Japan | , , , | Leave a comment

Toshiba desperately seeking funding for UK nuclear project, seeks tax-payer subsidy

Tax - payersToshiba faces pressure to secure funding for UK nuclear project, Ft.com by: Andrew Ward and Jim Pickard in London, 22 Jan 17  Toshiba is facing pressure to secure investment from a South Korean energy group and the UK government to keep afloat a multibillion-pound British nuclear power project as the Japanese conglomerate struggles with mounting financial difficulties.

Korea Electric Power Corporation (Kepco) has been in talks for months to join the NuGen consortium planning a nuclear plant at Moorside in Cumbria alongside Toshiba and Engie of France. The need for new partners has been increased by huge writedowns on Toshiba’s nuclear business in the US, which has left the group scrambling to shore up its balance sheet. As well as Korean capital, Toshiba is angling for UK government investment in the Cumbrian project after Theresa May’s administration recently signalled its willingness to put public money into new nuclear plants. This would represent a reversal of longstanding UK policy not to expose taxpayers’ money to the heavy expense and high risks involved in building nuclear reactors.
A Whitehall official said it was “premature” to talk about government involvement in financing Moorside but several other people involved in the process or briefed on the matter said the option of public investment was on the table. But these people said a more immediate step to keep the scheme on track was the proposal for Toshiba to sell part of its 60 per cent stake in NuGen to Kepco, the utility majority-owned by the South Korean government. “Talks have been moving slowly but the financial difficulties facing Toshiba will hopefully focus minds on getting a deal done,” said one person close to the talks.
It emerged last month that the UK and Japanese governments were in talks about potential joint support for a new nuclear plant planned by Hitachi, another Japanese conglomerate, at Wylfa in Anglesey. One senior nuclear industry figure said these discussions also extended to potential government financing for Moorside. Shares in Toshiba have fallen by 44 per cent since the group warned last month that it would have to make writedowns of “several billion dollars” related to the $229m acquisition last year of Stone & Webster, the US nuclear construction company, by Toshiba’s US nuclear technology unit, Westinghouse……..
Public investment in new nuclear plants would be a striking illustration of Mrs May’s determination to intervene more heavily in industrial strategy, a policy she was expected to set out in a discussion paper on Monday. The UK Department for Business, Energy and Industrial Strategy said: “We are working closely with a number of developers on proposed new nuclear projects in the UK, as they develop their plans.” https://www.ft.com/content/c0b01308-e0aa-11e6-8405-9e5580d6e5fb

January 23, 2017 Posted by | business and costs, Japan, politics, UK | Leave a comment

Toshiba’s nuclear power-related debts grow – hasty effort to sell part of its core business

scrutiny-on-costsAnalysis – As nuclear loss grows, Toshiba needs chip investors, soon Reuters By Makiko Yamazaki and Kentaro Hamada 22 JAN 17  TOKYO

With mounting writedowns from its nuclear business, Japan’s Toshiba Corp (6502.T) is looking to sell part of its core semiconductors business, a world No.2 in the flash memory chips used in smartphones.

But its rush to plug a hole in its U.S. nuclear business that Japanese media now estimate at as much as $6 billion may complicate any asset sale.

Toshiba, which warned last month of multi-billion dollar charges for U.S. nuclear project cost overruns, wants to boost its capital base by the end of the financial year in March.

Failure to offset the nuclear hit could wipe out already thin shareholder equity and push the company into negative net worth – jeopardising its role in public infrastructure projects and its place on the Tokyo Stock Exchange’s ‘first section’, for larger companies.

Following a 2015 accounting scandal, the conglomerate is barred from raising fresh funding on equity markets. Selling assets, though, could help it win broader financial support from its main banks.

Toshiba could sell 20-30 percent of its chip business, according to media reports.

The business, worth more than $10 billion, is the world’s second largest after Samsung Electronics (005930.KS) in flash memory chips – and it’s Toshiba’s most profitable.

Operating profit is forecast at 130 billion yen (913.35 million pounds) for the year to end-March, accounting for the bulk of overall group profit, forecast at 180 billion yen. Those forecasts were made before its December warning of the U.S. nuclear charges.

People with knowledge of the matter said Toshiba has begun preparations to sell a minority stake in its chip business. One person said non-disclosure agreement forms have been sent to some private equity funds……..

As Toshiba has ruled out ceding control of the chips business, it may also seek state help, as other troubled Japanese technology companies have done in previous restructurings, the sources said.

Another person familiar with the matter said the state-run Development Bank of Japan is among several funds Toshiba may approach for possible investment in its chip business, though the bank could be put off by the size of investment needed.

(Reporting by Makiko Yamazaki and Kentaro Hamada; Writing by Miyoung Kim; Editing by Ian Geoghegan) http://uk.reuters.com/article/uk-toshiba-accounting-semiconductors-ana-idUKKBN156009

January 23, 2017 Posted by | business and costs, Japan | Leave a comment

South Korea to market nuclear fuel to United Arab Emirates

Buy-S-Korea-nukesUAE gets licence to transport, store nuclear fuel, Gulf News 22 Jan 17
Nuclear fuel to be shipped from South Korea to the UAE before being transported to the Barakah Nuclear Power Plant “….t
he Federal Authority for Nuclear Regulation (FANR) announced on Sunday that it approved the licensing for transporting and storing nuclear fuel at the Barakah Nuclear Power Plant.

The two licences have been granted to the Emirates Nuclear Energy Corporation (ENEC) and Nawah Energy Company respectively, with the former getting the licence to transport the nuclear fuel, and the latter getting the licence to store the nuclear fuel at the Barakah site…..

Ian Grant, Deputy Director General for Operations at FANR, explained that the nuclear fuel would be shipped in transport casks from South Korea to the UAE, and then loaded onto trucks to transport the fuel to the nuclear reactor site.

“The fuel assemblies are loaded into transport casks and shipped from the Republic of Korea, [afterwards they are] trucked by road from the UAE port to the Barakah site. The transport casks are unloaded, checked and opened. [The] fuel assemblies are inspected individually and moved to the storage locations.”……http://gulfnews.com/news/uae/environment/uae-gets-licence-to-transport-store-nuclear-fuel-1.1966008

January 23, 2017 Posted by | marketing, South Korea, United Arab Emirates | Leave a comment

Toshiba’s rush to save itself from financial doom, caused by its nuclear market failure

Analysis – As nuclear loss grows, Toshiba needs chip investors, soon Reuters By Makiko Yamazaki and Kentaro Hamada 22 JAN 17  TOKYO With mounting writedowns from its nuclear business, Japan’s Toshiba Corp (6502.T) is looking to sell part of its core semiconductors business, a world No.2 in the flash memory chips used in smartphones.

But its rush to plug a hole in its U.S. nuclear business that Japanese media now estimate at as much as $6 billion may complicate any asset sale.

Toshiba, which warned last month of multi-billion dollar charges for U.S. nuclear project cost overruns, wants to boost its capital base by the end of the financial year in March.

Failure to offset the nuclear hit could wipe out already thin shareholder equity and push the company into negative net worth – jeopardising its role in public infrastructure projects and its place on the Tokyo Stock Exchange’s ‘first section’, for larger companies.

Following a 2015 accounting scandal, the conglomerate is barred from raising fresh funding on equity markets. Selling assets, though, could help it win broader financial support from its main banks.

Toshiba could sell 20-30 percent of its chip business, according to media reports.

The business, worth more than $10 billion, is the world’s second largest after Samsung Electronics (005930.KS) in flash memory chips – and it’s Toshiba’s most profitable.

Operating profit is forecast at 130 billion yen (913.35 million pounds) for the year to end-March, accounting for the bulk of overall group profit, forecast at 180 billion yen. Those forecasts were made before its December warning of the U.S. nuclear charges.

People with knowledge of the matter said Toshiba has begun preparations to sell a minority stake in its chip business. One person said non-disclosure agreement forms have been sent to some private equity funds……..

As Toshiba has ruled out ceding control of the chips business, it may also seek state help, as other troubled Japanese technology companies have done in previous restructurings, the sources said.

Another person familiar with the matter said the state-run Development Bank of Japan is among several funds Toshiba may approach for possible investment in its chip business, though the bank could be put off by the size of investment needed.

(Reporting by Makiko Yamazaki and Kentaro Hamada; Writing by Miyoung Kim; Editing by Ian Geoghegan) http://uk.reuters.com/article/uk-toshiba-accounting-semiconductors-ana-idUKKBN156009

January 23, 2017 Posted by | business and costs, Japan | Leave a comment

Crane falls on building with spent nuclear fuel at Takahama plant

Large crane collapses at Takahama nuclear plant

A large crane has toppled onto a building storing nuclear fuel at the Takahama nuclear power plant in Fukui Prefecture, central Japan. Part of the building’s roof was damaged. There were no reported injuries.

Workers at the plant found on Friday night that the crane had half-collapsed onto the building next to the containment vessel of the No.2 reactor.

The crane is about 110 meters long. It buckled where it hit the edge of the roof and is lying across another building.

Officials at Kansai Electric Power Company say no one was injured. They confirmed damage to a facility collecting rainwater on the roof, but say they have detected no change to radiation levels in the surrounding area.

The Secretariat of the Nuclear Regulation Authority says its inspectors have confirmed the falling crane caused wall panels inside the building to move. Workers are checking the building’s functions to prevent radioactive materials from leaking.

Kansai Electric officials say they believe strong winds likely toppled the crane. They are investigating whether there was any problem in its installation.

Weather officials had warned of strong winds in the prefecture at the time.

The Takahama plant’s operational chief, Masakazu Takashima, has apologized for the accident.

The Nuclear Regulation Authority in June last year approved the operation of the plant’s No.1 and No.2 reactors beyond the basic limit of 40 years.

The crane was reportedly being used for construction work on the containment vessel as part of safety measures for the operation extension.

https://www3.nhk.or.jp/nhkworld/en/news/20170121_17/

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A crane is seen collapsed over a reactor auxiliary building and another structure at the Takahama Nuclear Power Plant in Takahama, Fukui Prefecture, on Jan. 21, 2017. The No. 2 reactor is seen at top.

 

Crane falls on Takahama nuke plant buildings amid storm warning

TAKAHAMA, Fukui — A large crane fell on a reactor auxiliary building and a fuel handling building at the No. 2 reactor of the Takahama Nuclear Power Plant in Fukui Prefecture on the night of Jan. 20, damaging part of their roofs, Kansai Electric Power Co. said.

There were no injuries in the incident, nor were there any leakages of radiation to the outside environment, the power company said. A storm warning had been issued in the prefecture, with strong winds at a speed of about 15 meters per second (54 kilometers per hour) observed near the plant at the time of the incident, which occurred at around 9:50 p.m.

The 112.75-meter mobile crane, as well as three other similar cranes, was installed for work to refurbish plant facilities in accordance with the new safety standards introduced in the wake of the Fukushima No. 1 Nuclear Power Plant disaster. The collapsed crane was intended for work to install a new dome above the No. 2 reactor’s containment vessel. After the incident, the framework of the collapsed crane was seen bent along the buildings on which it fell, and the metal rails on the edges of the roofs of the two affected buildings were damaged.

According to Kansai Electric Power Co., a worker at the plant’s central control room heard a loud sound and checked to find one of the four cranes collapsed. When a Kansai Electric employee visually checked the inside of the fuel handling building, where 259 nuclear fuel rods are stored in a pool, there were no objects that had fallen upon them. The utility said there were no effects from the accident on the fuel pool or the fuel rods.

“We are sorry for causing concern,” said Masakazu Takashima, a senior official at the Takahama plant at a press conference, suggesting that work involving large cranes would be suspended at the plant for the time being. With regards to the strong winds in the area at the time, he said, “We thought it would be all right after calculating the effects from the wind. However, we hadn’t taken wind direction into consideration.” Takashima said the cause of the incident had yet to be identified.

The Nuclear Regulation Authority (NRA) in June last year granted permission to extend the operation of the plant’s No. 1 and No. 2 reactors, making them the country’s first reactors to be allowed to operate beyond 40 years.

According to the NRA, the management methods for protecting nuclear plant facilities are provided for by each plant’s safety code. Nuclear safety inspectors stationed at each plant monitor to see if work is in progress as specified by the safety code and conduct safety inspections four times a year. While no work was underway at the time of the crane collapse as it was during the night time, the NRA will investigate if work and equipment were properly managed in accordance with the rules as a storm warning had been issued in the prefecture at the time.

“We will check if the series of work involving the cranes had been properly managed to the effect that it wouldn’t affect nuclear reactor facilities,” said an NRA official.
http://mainichi.jp/english/articles/20170121/p2a/00m/0na/007000c

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Workers on Saturday examine a crane that collapsed onto a building that houses spent nuclear fuel at the Takahama nuclear power plant in Fukui Prefecture

Crane falls on building with spent nuclear fuel at Takahama plant

FUKUI – A crane collapsed Friday night at the Takahama nuclear power station in Fukui Prefecture, damaging a building housing spent fuel, the plant operator said Saturday.

No one was injured in the accident at around 9:50 p.m. near the No. 2 reactor building and nothing fell into the spent fuel pool, according to the operator, Kansai Electric Power Co.

The crane also damaged the roof of an adjacent building.

A wind warning was in effect in the area, and strong winds were blowing at the time, according to the utility.

The 112-meter crane had been used to prepare for safety-enhancement work in which a concrete dome will be placed over the No. 2 reactor building. Work was not being undertaken at the time of accident.

An official apologized for the accident at a news conference at the plant, saying the utility would re-examine the risk of crane accidents amid strong winds and investigate the cause of the incident.

There are 59 fuel assemblies in the pool, including spent ones, according to Kansai Electric.

The No. 2 reactor is one of two aging reactors at the plant, in operation for over 40 years. Safety-enhancement work for the facility is expected for completion in 2020.

In June last year, nuclear regulators approved the utility’s plan to extend the operation of the Nos. 1 and 2 reactors beyond the government-mandated 40-year service period. It was the first such approval given under new safety regulation introduced following the 2011 Fukushima nuclear accident.

The plant has two newer reactors. All four reactors are currently offline.

http://www.japantimes.co.jp/news/2017/01/21/national/crane-falls-building-spent-nuclear-fuel-takahama-plant/#.WIM6nX3raM9

 

January 21, 2017 Posted by | Japan | , | Leave a comment

Can Donald Trump manage nuclear diplomacy with North Korea? It’s unlikely

TrumpIn Nuclear Poker, Don’t Bet on Trump, Bloomberg JAN 19, 2017 BY  Is North Korea’s belligerent young leader, Kim Jong-un, bluffing when he says the “last stage” is underway for testing a ballistic missile capable of hitting the U.S.? What about President-elect Donald Trump, when he tweets, “It won’t happen“?

As Trump’s administration begins, a showdown with North Korea over ICBMs seems all but inevitable. Just yesterday, South Korean media reported possible signs that the North may be preparing a new missile launch. In managing this conflict, few things will be more crucial than understanding the nature of bluffing. Unfortunately, for all his talk of being a good deal maker, Trump is a terrible bluffer — and his lack of skill is likely to destabilize nuclear politics.

A bluff is an untrue but plausible story. In the mindsport of poker, bluffs work when your opponent believes you have a better hand, so he can’t call your bet or raise, conceding you the pot. The savvier player wants to steadily grind away at the stack of his opponent over a large number of small pots, without risking too many of his own chips in any single hand. The weaker player can counter the “small ball” strategy by raising all-in fairly often, forcing all-or-nothing confrontations.

To understand why these dynamics are so crucial in nuclear negotiation, consider the work of John von Neumann, the prodigiously gifted polymath who immigrated to the U.S. from Hungary in 1933 and later contributed to the Manhattan Project. Von Neumann loved poker because its strategy involves guile, probability, luck and budgetary acumen, but is never transparent; it always depends on the counterstrategies deployed by opponents.

 Expert players misrepresent the strength of their hands, simulate irrational behavior, and deploy other mind games to confuse their opponents. In a nutshell, they bluff. It was von Neumann’s efforts to express bluffs in mathematical terms that helped him develop game theory, which has numerous real-world applications, nuclear strategy foremost among them……..

Trump bluffs almost constantly. He has spent his entire adult life overstating the value of his real estate holdings and branding endeavors, while bragging relentlessly about his wealth, sex life, length off the tee, and on and on. His bluffs during the campaign — that he had a replacement for Obamacare, a secret plan to defeat Islamic State and so on — were plainly false to anyone paying attention. To Trump, what was true hardly mattered.

Such tendencies would not serve him well in a poker game. Any player who continually misrepresents the size of his hand would cause sharp opponents to give his bets little credit. They’d simply wait for above-average hands and call him. As Daniel Negreanu, the all-time winningest poker tournament player, put it to me, “Trump’s bluffs are very effective against level-one thinkers. His lies are so outlandish that people think they have to be true or he wouldn’t have said it. The constant barrage makes him tougher to read. But sharper players would pick him apart.”

Kim may not be irrational, but he knows how to seem that he is, which gives him leverage. Kim’s contempt for most North Koreans means that he has less to lose by threatening to nuke an American city. The more we know about his pretensions to deity, his labor camps, the food and electricity shortages his policies have prolonged, the easier it is to believe he might sacrifice millions of Koreans in an absurd attempt to save face. Kim isn’t threatening to defeat the U.S., a bluff no one would credit; he’s trying to prove he could grievously injure it before dying himself, a bluff that must be taken seriously. As Negreanu puts it, Kim is “a scary player. Being unpredictable, capable of any move at any time, makes him hard to prepare for.”

In such circumstances, Trump’s long history of empty boasts is destabilizing. Kim may calculate that he has renewed leverage to push for concessions from the U.S. He might engage in riskier behavior, such as firing more test missiles or launching cyberattacks. Almost certainly, he’ll persist in developing missiles that can reach the U.S., calculating all the while that Trump’s Twitter outbursts are simply talk.

That may be true. But what if, for once in his life, Trump means what he says? What if he can’t bear to have his bluff called, and really is tempted to launch a preemptive attack if it looks like North Korea poses a real threat to the U.S. mainland?……..https://www.bloomberg.com/view/articles/2017-01-19/in-nuclear-poker-don-t-bet-on-trump

January 21, 2017 Posted by | North Korea, politics international, USA, weapons and war | Leave a comment