Latest News

Filters

Filter by tags: South Korea Mitsubishi Heavy Industries Clear all tag filters

2 news articles found


New-build projects are making progress, but governments are still struggling with finding the right financing package for large reactors The delayed Flamanville-3 is one of three EPR units under construction in Europe. The others are at Olkiluoto in Finland and Hinkley Point in the UK. Photo courtesy EDF. Western Europe

The UK is facing a major challenge to replace its aging fleet of Generation I nuclear power plants, many of which are scheduled to shut down in 2023.

The project by French state utility EDF to build two Generation III EPR units at Hinkley Point C in Somerset is on track for connection to the grid by 2025. Once in commercial operation the two units will provide up to 7% of the total electricity demand. Two similar units are planned for the Sizewell site in Suffolk.

However, press reports have suggested EDF is in “a race against time” to secure a funding deal for Sizewell C as delays risk making the project prohibitively expensive.

According to The Times newspaper EDF has hired Rothschild as financial adviser for the project and says it wants a “definitive way forward” from the government this year so it can start construction in 2022.

Date: Friday, 17 January 2020
Original article: nucnet.org/news/what-lies-in-store-in-2020-1-4-2020

US-based GE Hitachi Nuclear Energy (GEH) has signed a memorandum of understanding (MOU) with the Vietnam Atomic Energy Agency (VAEA) "aimed at enhancing the agency's understanding of light water reactor technology and nuclear project management". The agreement calls for GEH and VAEA to "cooperate to promote training and development of qualified human resources" associated with the development of Vietnam's civil nuclear power programme. GEH will provide practical work experience for VAEA staff in areas such as nuclear safety culture, project management and quality assurance.

Date: Wednesday, 28 October 2015
Original article: neimagazine.com/news/newsus-geh-signs-agreement-with-vietnam-4702964