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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.
- Source: Nucnet
- Date: Friday, 17 January 2020
- Original article: nucnet.org/news/what-lies-in-store-in-2020-1-4-2020
Hitachi Ltd Toshiaki Higashihara CEO said on 3 November that Japan should consider a merger of domestic nuclear reactor businesses as the prospects for restarting NPPs in Japan are poor. "As a company involved in the nuclear power business over decades, we can't afford to keep the business unprofitable forever," he told reporters.
- Source: NEI Magazine
- Date: Wednesday, 09 November 2016
- Original article: neimagazine.com/news/newsjapans-nuclear-companies-look-to-restructuring-5663580
The board of directors of French turbine and power equipment manufacturer Alstom has recommended the $16.9 billion offer of General Electric for its thermal power, renewable power and grid business. It chose the deal over a rival bid from Siemens and Mitsubishi Heavy Industries. The French state confirmed that it would grant foreign investment authorization if the deal remains in its current form.
- Source: NEI Magazine
- Date: Monday, 23 June 2014
- Original article: neimagazine.com/news/newsalstom-board-chooses-ge-over-siemens-mhi-4299702