Insurance against nuclear damage regulated in Belarus

Wednesday, January 16, 2019

MINSK, 14 January (BelTA) – Belarus President Alexander Lukashenko signed decree No.15 “On responsibility for nuclear damage” on 14 January, the press service of the head of state told BelTA.

The document creates a mechanism to ensure financial assurance for damage caused by an activity involving nuclear energy. The decree limits the liability for damage of the state enterprise Belarusian Nuclear Power Plant to 150 special drawing rights per nuclear incident.

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France Predict Cost of Nuclear Disaster to be Over Three Times their GDP

Saturday, March 16, 2013

Catastrophic nuclear accidents, like Chernobyl in 1986 or Fukushima No. 1 in 2011, are very rare, we’re incessantly told, and their probability of occurring infinitesimal. But when they do occur, they get costly. So costly that the French government, when it came up with cost estimates, kept them secret.

But now the report was leaked to the French magazine, Le Journal de Dimanche. Turns out, the upper end of the cost spectrum of an accident at a single reactor at the plant chosen for the study, the plant at Dampierre in the Department of Loiret in north-central France, would amount to over three times the country’s GDP. Financially, France would cease to exist as we know it.

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UK 'subsidising nuclear power unlawfully'

Sunday, January 22, 2012

Green energy campaigners are attempting to block new nuclear power stations in the UK by complaining to the European Commission that government plans contravene EU competition regulations.

They say financial rules for nuclear operators include subsidies that have not been approved by the commission.

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Vattenfall in political storm

Sunday, November 15, 2009

State owned Vattenfall, one of Europe’s largest power producing companies, has found itself in the middle of a political storm since it became known they had plans to sell their part of the Swedish power grid. Accusations that CEO Lars G. Josefsson has ‘pledged’ the entire corporate group, in an agreement with German authorities, has made the Minister for Enterprise, Maud Olofsson, to put forward strong criticism.

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Families face nuclear tax on power bills

Monday, October 19, 2009

Industry promised subsidy if market price fails to encourage new plants

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Britain sets up nuclear funding watchdog

Tuesday, November 4, 2008

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.

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Sellafield has public 'blank cheque'

Wednesday, August 6, 2008

The consortium with a £20bn contract to clean up Britain's Sellafield nuclear plant has been handed a blank cheque by the Government to pay for future accidents there.

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Taxpayers to back Sellafield £7bn clean-up

Saturday, July 5, 2008

Taxpayers are being forced to indemnify the winner of the £7.5bn contract to decommission the highly toxic Sellafield nuclear site in Cumbria against an accident because the bidders are based overseas. The preferred consortium will be announced on Friday.

Four consortia are vying for the contract, which could be worth £20bn over its lifetime, including US engineering giants Fluor, Bechtel, Washington Group and CH2M Hill, as well as French nuclear power group Areva and the Japanese firm Toshiba. UK companies Serco and Amec are also members of overseas-led consortia.

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Prospects for nuclear financing

Saturday, May 17, 2008

Silvia Pavoni reports on the potential and pitfalls of private finance for the UK´s new nuclear power station building programme.

Politicians are famous for announcing grand policy initiatives that have not been properly thought through and that then prove unworkable in practice. The UK government´s new nuclear power programme might be seen as one such ill thought out venture. It wants to build 10 new nuclear plants, replacing existing ones that are due to close, and proposes that the financing should be fulfilled entirely by the private sector. The first plant is planned to become operational by 2017 and the government hopes that the scheme will increase nuclear energy supply from the current 19% of national consumption.

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Power plants face insurance hike

Monday, April 28, 2008

Nuclear power plant operators in the Czech Republic are facing a huge and unexpected increase in insurance costs, following a government decision to raise the amount of liability for damage compensation from 6 billion Kč ($384.9 million) to 8 billion Kč.

In March, the government issued a statement instructing the Industry and Trade Ministry to work with the Environment Ministry to implement the increase by preparing a ratification of the protocol to the Vienna Convention on Civil Liability for Nuclear Damage.

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