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Japan, the UK, Canada, the US and France have agreed to co-operate to reduce dependence on Russia as a supplier of nuclear materials and technology. Their statement was issued at the Nuclear Energy Forum being held in Japan’s Sapporo alongside the meeting of Group of Seven (G7) ministers on climate, energy and environment. It was published on the UK government website.

Date: Thursday, 20 April 2023
Original article: neimagazine.com/news/newsfive-g7-nations-aim-to-cut-dependence-on-russian-nuclear-technology-10770200

Nuclear energy, as an asset class, has the potential to report well against a wide range of Environmental, Social and Governance (ESG) data collection and accounting metrics, according to a new report from the Generation IV International Forum (GIF). This should allow nuclear energy to be considered as an investable asset class, thereby allowing nuclear companies and projects to access climate finance.

Date: Wednesday, 08 September 2021
Original article: world-nuclear-news.org/Articles/GIF-highlights-nuclear-s-ESG-attributes

Consultancy firm KPMG on 7 July released a report on nuclear energy market consultation, which discusses the conditions under which market parties are prepared to invest in NPPs in the Netherlands, what public support is required for this, and which regions are interested in establishing a nuclear plant. The 151-page report was compiled at the request of the House of Representatives in response to a motion by Klaas Dijkhoff put forward in September 2020. KPGM began work on the study on 8 February this year.

Date: Thursday, 15 July 2021
Original article: neimagazine.com/news/newskpmg-looks-at-feasibility-of-newbuild-in-netherlands-8893831

The UK-based New Nuclear Watch Institute (NNWI), an industry supported think-tank, has published a 28-page report “On the Role of Nuclear Power in the Development of a European Hydrogen Economy”.

Date: Friday, 18 December 2020
Original article: neimagazine.com/news/newsnnwi-report-looks-at-nuclears-role-in-hydrogen-production-8415416

Russia’s Lepse floating technical base (PTB) in the Murmansk Region will be sealed and transferred for long-term storage to the village of Sayda Guba, where a long-term ground storage facility for reactor compartments is located, Russian state nuclear corporation Rosatom has announced.

Date: Wednesday, 19 August 2020
Original article: neimagazine.com/news/newsmore-progress-in-cleaning-up-the-russian-arctic-8089745

The unloading of used nuclear fuel from Russian storage facilities at the former onshore technical base of the Navy in in Andreeva Bay near Murmansk is planned to be fully completed by 2027, state nuclear corporation Rosatom said on 6 August. The Andreeva Bay storage facility established in the 1960s, is the largest such facility in Northwest Russia and one of the biggest in the world. To date more than 30% of the fuel has been removed from Andreeva Bay and sent for processing. Nuclear waste management company RosRAO (part of Rosatom) began unloading spent nuclear fuel from the Andreeva Bay base in May 2017.

Date: Wednesday, 12 August 2020
Original article: neimagazine.com/news/newsused-fuel-removal-from-russias-andreeva-bay-to-be-completed-by-2027-8073673

Government appears to favour ‘Boot’ model alread used by Russia Koeberg, near Cape Town, is the only commercial nuclear power station in South Africa. The Nuclear Industry Association of South Africa (Niasa) has proposed six possible funding options for new nuclear, but government officials have suggested the most likely is a “build, own, operate and transfer” (Boot) model similar to that used by Russia for project including Akkuyu in Turkey.

Niasa told Engineering News that the very high proportion of the cost of energy that comes from the repayment of capital means interest rates will be fundamental to the viability of any new nuclear project in South Africa.

The association said real interest rates – which are adjusted for inflation – on state debt could be in the range of 2% to 3%, while real interest rates on high risk equity finance could vary from 10% to 15%. It said this explains why some new nuclear projects such as state-supported projects in China could be very competitive while others, such as the private equity funded Hinkley Point C in the UK, needed some kind of state guarantee such as long-term power purchase agreements.

Niasa identified six financing options that could be used to fund a new nuclear programme. The first was state funding for the entire project or state provided sovereign loan guarantees using reserves and cash flows from state-owned companies, as was the case with the United Arab Emirates’ Barakah project.

Date: Wednesday, 20 May 2020
Original article: nucnet.org/news/industry-association-proposes-financing-options-for-new-build-5-2-2020

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

Used fuel assemblies, which had been lying for decades at the bottom of Building 5, an ageing used fuel store at Russia’s Andreeva Bay in the Arctic northwest, have been removed and secured. The complex operation that was the first of its kind, the European Bank for Reconstruction and Development (EBRD) announced on 26 November.

Date: Friday, 29 November 2019
Original article: neimagazine.com/news/newsmore-progress-in-andreeva-bay-clean-up-7531300