PARIS, July 21 (Reuters) – French power company EDF said it might allocate half of its Reseau de Transport d’Electricite (RTE) power grid to a portfolio of assets set up to fund the dismantling of nuclear reactors.
Under a 2006 law on financing nuclear expenses, EDF must build up a portfolio of dedicated assets to meet the future costs of decommissioning nuclear power plants and storing radioactive waste. (more…)
BERLIN, Feb 12, 2010 (IPS) – The enormous technical and financial risks involved in the construction and operation of new nuclear power plants make them prohibitive for private investors, rebutting the thesis of a renaissance in nuclear energy, say several independent European studies.
The risks include high construction costs, likely long delays in building, extended periods of depreciation of equipment inherent to the construction and operation of new power plants and the lack of guarantees for prices of electricity. (more…)
The European Commission decided to extend the period of financial support to Bulgaria for the decommissioning of units 1 to 4 of the Kozloduy nuclear power plant. On top of the EUR550 million already allocated, the Commission has pledged a sum of EUR300 million for the time period 2010-2013. (more…)
A nuclear leak, which could have caused a major disaster, was only averted by a chance decision to wash some dirty clothes, according to a newly obtained official report.
On the morning of Sunday 7 January 2007, one of the contractors working on decommissioning the Sizewell A nuclear power station on the Suffolk coast was in the laundry room when he noticed cooling water leaking on to the floor from the pond that holds the reactor’s highly radioactive spent nuclear fuel. (more…)
The threat of global warming has given a boost to the nuclear industry in many countries as one way to provide electricity without increasing carbon emissions. But what to do with the nuclear waste, especially the most toxic form – spent nuclear fuel. Nick Thorpe went to see how Bulgaria is coping.
Kiril Nikolov smiles a big, nuclear smile. (more…)
EDF is hoping to secure a multi-billion euro windfall by extending the lifecycle of its nuclear power stations. This could prove crucial to maintaining its top grade credit rating as it invests billlions in acquisitions and plant renewal.
The energy group this week set out in detail the costs and expected gains from the planned investment in its 58 nuclear power stations that could enable it to run reactors for up to 60 years, against the current lifecycle of 40 years. (more…)
This must take the record for the trippiest data-center build anywhere, ever: It’s an old nuclear bunker 30 meters below central Stockholm, and its new conversion for one of Sweden’s biggest ISPs has made it truly 007-worthy. Check it: it has simulated daylight, greenhouses and waterfalls, there’re German submarine engines rigged as emergency backup generators, plus there’s 1.5 megawatts of cooling for the servers. Oh, and it can survive a hydrogen bomb attack. (more…)
DOUNREAY’S training and development team has become the first of its potential spin-out businesses to move off the site.
The 12-strong group has relocated to Naver Business Centre in Thurso where there are better prospects for growth. (more…)
LONDON, Nov 3 (Reuters) – Britain has set up a watchdog to ensure that decommissioning the nuclear power plants that the government wants to be built, and disposing of the waste, does not cost the taxpayer anything.
The Nuclear Liabilities Financing Assurance Board (NLFAB) will scrutinise how the companies planning to build the new power plants will pay to shut them at the end of their useful lives and clean up the radioactive waste they produce. (more…)
The consortium of the Energiewerke Nord GmbH (EWN), Sintagma UAB and Ernst & Young Baltic UAB successfully completed in September 2008 the Ignalina Nuclear Power Plant (INPP) decommissioning management system and database (DMSD) project.
The joint team with subcontractors IBM and CORE2 provided all services according to the project schedule of 14 months. Beside the delivery of a comprehensive set of different IT equipment, an enlarged training of nominated INPP staff was performed. The project was financed by the International Ignalina Decommissioning Support Fund managed by the Central Project Management Agency with the overall value of 3.5 million EUR. (more…)
