Daily News Roundup

21 January 2017

SMRs

A nuclear power company has designed a ‘modular’ mini nuclear power plant. Each nuclear reactor could fit on the back of a truck, but would still be nine stories tall. The company behind the radical design says it is far safer, and each mini reactor contains far less uranium that a full sized one – and is sunk into the ground with a protective building placed over it. NuScale, based in Portland, Oregon, has submitted a design application to the …

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20 January 2017

Moorside

Speaking on the Andrew Marr show last weekend, Jeremy Corbyn gave no clear support to the massive Moorside nuclear development in Cumbria, writes Marianne Birkby. But to win the impending Copeland by-election, he and the Labour Party must go further – and campaign against the deeply unpopular project.

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19 January 2017

Toshiba

Shares in Toshiba fell as much as 13.3 per cent after reports the company told lenders that the loss in its US nuclear business would be larger than the previously estimated ¥500bn ($4.4 billion). The share price tumble came after Nikkei reported the company was asking for financial support from Development Bank of Japan and other lenders. Toshiba said at the end of December it would make writedowns of “several billions of dollars” to cover cost overruns linked to nuclear …

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18 January 2017

Nuclear Transports

The Scottish government said it has “on-going regular dialogue” with the UK government on the transfer of nuclear material from Scotland to the US. Highly-enriched uranium was transferred from Dounreay, near Thurso, to the US via Wick John O’Groats Airport in 2016. The transfers were made following a deal agreed by UK and US governments. The airport, 30 miles from Dounreay, is run by Highlands and Islands Airports Ltd (Hial), a public corporation owned by Scottish ministers. Further flights …

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17 January 2017

Hinkley

Construction at Hinkley Point C will boost the South-west construction market by £500m over the next two years, according to data shared exclusively with Construction News. Forecaster Hewes & Associates predicts that work at Hinkley will add between £400m and £500m to industry activity in the region during 2017 and 2018. Bouygues Travaux Publics and Laing O’Rourke this month signed the multi-billion-pound contracts to build the facilities that will house Hinkley Point C’s two EPR nuclear reactors. Works at the …

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16 January 2017

Moorside

A POLITICAL row has broken out after the leader of the Labour Party refused to give his support for a nuclear development in west Cumbria. Speaking on The Andrew Marr Show this morning, Jeremy Corbyn did not endorse the proposed Moorside Power Station when asked. He said: “I want to see a mix, I want to see a greater emphasis in the long-term on renewables in the way Germany and other countries have done but we do have nuclear power …

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15 January 2017

EDF

When a utility stock pays a dividend that yields 11 percent it is either an overlooked steal or the equity of a company with big problems–and a dividend that’s soon to be either eliminated or reduced. EDF, France’s state controlled nuclear energy giant, looks more the latter than the former. But never underestimate the determination of French politicians–right, left and center to protect and subsidize their civilian nuclear power establishment. To understand this byzantine story of French public and private …

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14 January 2017

Moorside

THE leader of Cumbria County Council is seriously concerned west Cumbria will not get the vital investment it needs in its infrastructure. Labour leader of the council, Councillor Stewart Young, said the council was “reaching the end of its tether” with the lack of support from government and NuGen, which has plans to build a £10bn power station at Moorside, Sellafield. Without investment in vital infrastructure as soon as possible, Cllr Young said the power station could not be supported.

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13 January 2017

Hinkley & Euratom

If Hungary emerges unscathed from the European Commission’s two investigations into its controversial Russia-backed nuclear power project, it will largely have France and the U.K. to thank for setting rule-bending precedents on such projects. Brussels provided its blessing in November to Hungary’s decision to skip a competitive tender and hand the multi-billion euro contract for building the two Paks II nuclear reactors to Russia’s Rosatom. Budapest had argued that the nuclear giant was the only company that could …

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12 January 2017

Bradwell

Chinese nuclear reactors are not the solution to the UK’s growing energy needs, says GMB. British energy union GMB has called for “considerable caution” over Chinese involvement in the involvement in the Bradwell B reactor design. The UK will not benefit from “Chinese pop-up power stations” it said. The union voiced its concerns following the news that nuclear regulators have been asked by the government to begin the Generic Design Assessment for the Chinese reactor that set to be installed …

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