Sheffield Forgemasters is closing in on a £170m financing package which will enable British manufacturers to supply new nuclear reactors built in the UK and overseas. The government, European Investment Bank and nuclear group Westinghouse have offered about £150m of the sum required to build a new 15,000-tonne press to make large forgings used in new reactors. The company, whose origins go back to the 1750s, is trying to raise the remaining £20m from other companies involved in the nuclear industry. About £65m in cheap loans has been offered by the government, whose efforts have been led by business secretary Lord Mandelson, but it is pressing for the remaining funds to be secured soon, otherwise it will find another use for the cash.
Observer 24th Jan 2010 more >>
A North Somerset MP has compared the consultation over the proposed new pylon route from Hinkley Point to being asked how one wants to executed.
BBC 23rd Jan 2010 more >>
The German government and executives responsible for nuclear power at Germany’s top four energy utility companies began their negotiations on a possible extension of the lifespans of the country’s nuclear power stations on Thursday, reported by Der Spiegel. The two older reactors planned to be closed down in the near future, Biblis A in state of Hesse and Neckarwestheim I in state of Baden-Wuerttemberg, will remain operating till the current government completes its general energy program, expected in October.
CRI English 24th Jan 2010 more >>