News May 2013

31 May 2013

Nuclear Subsidy

Electricite de France SA, Europe’s biggest power generator, is holding off on a decision to build atomic plants in the U.K. until it’s sure they’ll be profitable, Chief Executive Officer Henri Proglio told shareholders today. “We won’t go without the formal conviction that we can guarantee the profitability on your investment,” Proglio said at an annual meeting in Paris, where the utility is based. EDF maintains “strong interest” in pursuing the projects, he said. A decision on building two …

read more »

30 May 2013

Radwaste

TOXIC radioactive waste from across the country could be stored and treated at Hinkley Point A under proposals drawn up by the Government. But despite the highly contentious nature of the plans, neither West Somerset Council, Stogursey residents or Sedgemoor District Council have been directly asked for their views. The Government quango the Nuclear Decommissioning Agency (NDA) has published “credible options” for intermediate waste disposal and the treatment of fuel element debris, which district councillors said they had only discovered …

read more »

29 May 2013

New Nukes

The deal to build Britain’s nuclear power stations could be delayed until the autumn as EDF sounds out external investors to back the £14billion project. The French-backed utility giant is in talks with ministers over the price it can charge – called the ‘strike price’ – for the energy from the two reactors it wants to build at Hinkley Point in Somerset. Even if, as is widely expected, the Government reaches a deal soon, EDF still has to secure …

read more »

28 May 2013

Torness

EDF Energy reconnected its 640 megawatt Torness 2 nuclear plant to the national transmission network following an unplanned outage last week, data on Tuesday showed.EDF Energy took both reactors offline at Torness on Friday to prevent seaweed from entering the facility’s cooling system.The Torness 1 nuclear power plant remained offline, output data from National Grid showed.

read more »

27 May 2013

Nuclear Subsidy

Electricité de France SA is near agreement with the U.K. government on most aspects of a deal to build new nuclear reactors, but talks remain stuck on a guaranteed price for the electricity they will produce, according to people with direct knowledge of the talks. The two sides have agreed “on every clause, from the legal framework clauses to the contract’s duration, except the strike price,” said one of these people.

read more »

26 May 2013

Nuclear Subsidy

Contrary to recent media speculation, there is not yet an agreement between EDF Energy and the UK Government on a contract and price for electricity from the proposed Hinkley Point C power station. Negotiations are continuing which both sides have characterised as positive.

read more »

25 May 2013

Nuclear Subsidies

The £14 billion project to build Britain’s first nuclear reactors for decades has been revived after EDF Energy lined up a consortium of investors. The Hinkley Point project has been close to collapse in recent months because of a stand-off between the Treasury and the French state-backed group about the level of subsidies, funded by levies on consumer bills, that it would receive. In the past fortnight, the two sides have provisionally agreed a subsidy level of between £93 …

read more »

24 May 2013

Nuclear Subsidy

Chief Secretary to the Treasury Danny Alexander yesterday told the Association for Consultancy and Engineering centenary conference in London that there would be an agreement on strike price before parliament breaks up for summer recess.

read more »

23 May 2013

New Nukes

Fallon hails Horizon’s boost to nuclear investment and jobs in the UK. Michael Fallon meets Hitachi and Horizon, who are planning to invest £20 billion in new nuclear plants at Wylfa in Anglesey and Oldbury in Gloucestershire. Speaking ahead of the visit, Michael Fallon said: “Nuclear in the UK is about more than just one project. Three ventures – including the Horizon project I’m visiting – are making serious progress. “Momentum is building, and when companies across the globe …

read more »

22 May 2013

New Nukes

THE day-to-day operations of eight proposed nuclear power plants in the UK will have no effect on the health of our population, the Radiological Protection Institute of Ireland (RPII) said today. But a severe accident would require the population to shelter in their homes for up to two days, food controls to be put in place and the likelihood of increases in cancer rates. The British government plans to build eight plants – five on the coastline of Irish …

read more »