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7 news articles found
Holtec Britain has signed a Memorandum of Understanding (MOU) with South Korea’s Hyundai E&C and UK construction and engineering companies Balfour Beatty, and Mott MacDonald. The event was hosted at the Korean Embassy in London by Ambassador Yoon Yeocheol and attended by UK Prime Minister’s Trade Envoy to Korea, Sir John Whittingdale MP.
- Source: NEI Magazine
- Date: Wednesday, 13 March 2024
- Original article: neimagazine.com/news/newsholtec-and-hyundai-partner-with-british-companies-to-deliver-smr-technology-in-the-uk-11594510
The UK government will provide GBP700 million (USD807 million) in funding for the Sizewell C nuclear power plant project, departing Prime Minister Boris Johnson announced during a speech at the Sizewell B plant in Suffolk, England.
- Source: World Nuclear News
- Date: Friday, 02 September 2022
- Original article: world-nuclear-news.org/Articles/UK-government-allocates-more-funding-to-Sizewell-C
The UK Secretary of State for Business, Energy and Industrial Strategy (BEIS) has decided to extend to 20 July the statutory deadline for development consent made under the Planning Act 2008 by NNB Generation Company (SZC) Limited for the construction and operation of the Sizewell C nuclear power station near Leiston in Suffolk. A decision had been expected on 8 July. A statement confirming the new deadline was made to the House of Commons and House of Lords.
- Source: NEI Magazine
- Date: Tuesday, 12 July 2022
- Original article: neimagazine.com/news/newsplanning-consent-for-sizewell-c-delayed-9838202
The government said the new regulated asset base (RAB) model will give nuclear projects the financial support they need and attract private investment. It will see projects such as Sizewell C receive a regulated payment from electricity suppliers, helping them come to fruition.
The government set out its case for Sizewell C to receive funding under the model and launched a consultation on how projects would receive RAB financing.
Under the previous mechanism to support new nuclear projects – the contracts for difference (CfD) scheme – developers had to finance the entire construction cost of a nuclear project up front, and only began receiving revenue when the station starts generating electricity. This model led to the cancellation of recent potential projects, such as Hitachi’s project at Wylfa Newydd in Wales and Toshiba’s at Moorside in Cumbria.
- Source: Nucnet
- Date: Thursday, 16 June 2022
- Original article: nucnet.org/news/negotiations-continuing-for-sizewell-c-to-use-new-rab-financing-model-6-3-2022
The UK government has announced the launch of GBP120 million (USD146 million) in funding to support development of new nuclear energy projects, stimulate competition in the industry and unlock investment across the UK. The Future Nuclear Enabling Fund (FNEF) will help to realise the government's ambition to approve eight new reactors by 2030.
- Source: World Nuclear News
- Date: Saturday, 14 May 2022
- Original article: world-nuclear-news.org/Articles/UK-launches-funding-to-encourage-nuclear-new-build
EDF Energy is leading a Long-Term Operation (LTO) programme aimed at extending the operating lifespan of Sizewell B - the UK's only pressurised water reactor and newest nuclear power plant - by at least 20 years to 2055.
- Source: World Nuclear News
- Date: Friday, 08 April 2022
- Original article: world-nuclear-news.org/Articles/EDF-looks-to-extend-Sizewell-B-operation
The Energy Security Strategy's ambitions are for eight new reactors, plus small modular reactors, helping to produce 24 GWe capacity by 2050, representing about 25% of the UK's projected electricity demand.
- Source: World Nuclear News
- Date: Friday, 08 April 2022
- Original article: world-nuclear-news.org/Articles/UK-planning-for-rapid-nuclear-expansion