News May 2008

31 May 2008

Nuclear Waste

A HUGE nuclear dump storing thousands of tonnes of radioactive waste in west Cumbria has been recommended for approval at Sellafield. Copeland council’s planning panel yesterday gave the thumbs up to outline plans for the major development. Sellafield Ltd want to build the facility to store intermediate level nuclear waste before it is exported to a final permanent repository. An area of around six acres would have to be cleared at Sellafield to make way for the dump. Sellafield …

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30 May 2008

Planning

MPs are to be offered the opportunity to vote down controversial schemes for new nuclear power plants, motorways and extensions to ports and airports as part of a package of concessions announced last night to head off another big rebellion by Labour MPs when parliament returns on Monday. John Healey, the minister for local government, has written to all MPs announcing that he is amending the planning reform bill – due for its third reading on Monday – to give …

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29 May 2008

British Energy

British Energy Group, the UK nuclear power producer that is considering takeover offers, said full-year profit fell 28pc because of production shutdowns. Net income in the year ended March 31 dropped to £335m from £465m a year earlier, the company said today.

Telegraph 28th May 2008 more >>

Liverpool Daily Post 28th May 2008 more >>

Interactive Investor 28th May 2008 more >>

The fragility of British Energy’s ageing fleet of nuclear reactors, producer of a sixth …

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28 May 2008

British Energy

British Energy Group this morning reported a slump in full year EBITDA from £1.2bn last year to £882m, the result of lower full year nuclear output as well as lower achieved power prices. The results were slightly ahead of analysts’ expectations. The realised power price for the year was £40.70 per megawatt hour (MWh), down from £44.20 per MWh last year, with operating margins thinning to £10.70 per MWh from £17.10 per MWh last time.

Money AM 28th May 2008

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27 May 2008

Iran

The UN nuclear watchdog has said it believes Iran is still withholding information on its nuclear programme. In a report, the International Atomic Energy Agency (IAEA) says Tehran’s alleged weapons development studies remain a matter of serious concern.

BBC 26th May 2008 more >>

Reuters 27th May 2008 more >>

Iran withheld information needed to establish whether it had tried to make nuclear arms and continued to enrich uranium in defiance of United Nations sanctions, the International Atomic Energy …

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26 May 2008

British Energy

British Energy, the nuclear generator that reports full-year results on Wednesday, is at the centre of the country’s most complex takeover negotiations, but it is not expected to shed much light on the progress of those talks. Goldman Sachs has forecast a 35 per cent drop in earnings before interest, tax, depreciation and amortisation to £797m, the reduction caused by both a fall in output as a result of reactor shutdowns and weak electricity prices in 2007.

FT 26th May

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25 May 2008

New Nukes

ITALY, which last week decided to embrace nuclear power two decades after a public referendum banned nuclear power and deactivated all its reactors, could be just the first of several European countries to reverse its stance on nuclear power, a leading industry group has said. Ian Hore-Lacey, spokesman for the London-based World Nuclear Association, said: “Italy has had the most dramatic, the most public turnaround, but the sentiments against nuclear are reversing very quickly all across Europe.” When asked …

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24 May 2008

New nukes

British Energy may launch a new nuclear power station unit by 2018 if the utility is able to secure the necessary permits in the next five years, Chief Executive Bill Coley said. The top British power maker is at the heart of the government’s plans to expand nuclear power, as it seeks to reduce its reliance on imported energy and lower carbon emissions.

Reuters 23rd May 2008 more >>

E.ON is reportedly mulling the use of its existing oil-fired …

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23 May 2008

Nuclear Safety

Prague is currently hosting the European Nuclear Energy Forum (ENEF), a gathering of those involved in shaping nuclear policy across the EU. One of the hot topics at this meeting is safety standards within the nuclear industry and a very scary proposal has been floated to lower standards in many member states.

Greenpeace UK 22nd May 2008 more >>

Greenpeace activists today presented high-level government and business delegates to the European Nuclear Energy Forum with a warning against involvement …

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22 May 2008

Europe

Greenpeace activists projected messages, including ‘Nuclear Undermines Climate Protection’ and ‘Energy [R]evolution Now!’, against the backdrop of the illuminated Prague Castle, drawing attention to the dangers of weakening European nuclear safety standards and the risk of seriously biased discussions in advance of today’s opening of the second meeting of the European Nuclear Energy Forum.

Greenpeace International 22nd May 2008 more >>

Finland

Nuclear power plant maker Areva denied a report on the website of the French business magazine Capital that it …

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