Toshiba Corp. is in talks to buy out Shaw Group’s 20% stake in nuclear power-plant company Westinghouse Electric Co. LLC, people familiar with the matter said, a move that could wipe out any U.S. ownership of the 125-year-old American company.
Wall Street Journal 6th Sept 2011 more >>
Rolls Royce looks set to continue adding to its civil nuclear capability after the acquisition of service and support provider R Brooks Associates. Brooks is a niche operator. Its services include sending robots into pipeworks to carry out preventative maintenance, helping nuclear operators avoid outages. Rolls Royce has similar offerings in its nuclear submarine business and the plan is to use complimentary technology and grow the Brooks operation in the UK following the £8.7 million acquisition.
Utility Week 5th Sept 2011 more >>
Chaucer-managed Lloyd’s Nuclear Syndicate 1176 is planning to drop material reinsurance protection for the £210mn maximum line it offers nuclear pools for the 2012 year of account. The highly profitable syndicate, which has historically been one of Lloyd’s star performers, said that the effect of dropping reinsurance protection would be to almost double the potential loss as a percentage of capacity from a single nuclear event from approximately 350 percent of capacity to approximately 660 percent.
Insurance Insider 5th Sept 2011 more >>
THE UKs chief nuclear safety inspector has rejected a call to attend a meeting in the Sizewell area to discuss the implication of the Fukushima disaster in Japan. However, despite local misgivings, he may agree to a south-east regional forum at a location yet to be announced attended by himself or one of his senior colleagues.
East Anglian Daily Times 2nd Sept 2011 more >>
Its no longer in the news but a Japanese government report estimates that radiation released from the Fukushima nuclear power plant is now 168 times as much as that released by the atomic bomb dropped on Hiroshima in 1945. A school compost heap 125 miles away from Fukushima has radioactive Caesium more than three-times the levels of radioactive waste. Sheffield is just 75 miles from the nearest nuclear power station at Heysham in Lancashire. Nuclear power plants and weapons will be discussed at the National Green Party Conference at Hallam University on Sunday September 11, at 6pm. Prof Masae Yuasa from Hiroshima City University will be on the panel of speakers to discuss the future of nuclear power post Fukushima, along with Kate Hudson, General Secretary of the Campaign for Nuclear Disarmament.
Sheffeld Star 5th Sept 2011 more >>
The Telegraph and Shell have joined forces to deliver a series on the green economy. The series will focus on particular aspects crucial to building a low-carbon economy, including business, politics, transport, international relations, market forces and the individual. The Age of Energy will feature contributions from politicians, business people, academics and green experts, plus an interactive poll and the chance to attend a Green Economy Debate at The Telegraph in central London.
Telegraph 3rd Sept 2011 more >>
Green entrepreneur Jeremy Leggett advocates following China and Germany’s move towards investment in solar power now that start-up costs are falling drastically.
Telegraph 5th Sept 2011 more >>
HOUSEHOLDS face a £300 fuel bill rise because of Chris Huhnes green ¬policies, a leaked No10 memo has revealed. The Energy Secretary claimed costs will fall due to better insulation and householders improving their energy ¬efficiency. But senior policy adviser Ben Moxham warned that switching to nuclear, wind and wave power will see the average bill rise 30% to £1,369 a year by 2020.
Mirror 6th Sept 2011 more >>
It is where energy, climate change and bare-knuckle street politics collide: soaring household electricity and gas bills. And so it’s no surprise that prime minister David Cameron has been taking a keen interest and received a briefing from his new, ex-BP, adviser Ben Moxham. It was leaked today, allowing the Daily Telegraph to strike the latest blow in the right-wing press’s campaign against green energy policies: “Environment policy reforms to add 300 to energy bills”. Let’s take that head on. A source in Westminster tells me that Moxham was clearly referring to electricity alone when he suggested a 30% rise by 2020, meaning the rise would be about 135, but that the sentence was sloppily written. The source says Moxham’s analysis is “very sensible” and not vastly different to that at Chris Huhne’s department of energy and climate change. The official response from Decc is the same: “Reforms will not add 300 to bills.” Moxham says Decc’s projections on how many people will take up “Green Deal” energy efficiency measures to cut bills, such as lagging lofts and filling cavity walls, are “unconvincing”. So, does Moxham think this green zealotry should be abandoned? Far from it. “We believe a large number of measures will need to be subsidised, given the hassle factor and other barriers to consumer uptake,” writes Moxham, agreeing with others who have criticised the Green Deal for not being ambitious enough. So instead of Canute-like railing against green energy that is in the long-term the only secure and sustainable source of power, why don’t critics tackle other pressing issues that also bear on costs. One target should be the monopoly which the UK’s big six power companies operate: they have 99% of the nation’s customers. How much will that concentration of power increase future bills? Update 15.24: The leaked analysis is now published online. As I said above, it barely deviates from Decc’s position, making the Telegraph’s take pretty partial, in my view (as well as just wrong on the 300). The leak can’t be seen, therefore, as a substantial attack on Decc policy. Instead, it’s most easily explained as a sop to Tory rightwingers ahead of the party conference season.
Guardian 6th Sept 2011 more >>
Libya was told it could resume buying conventional arms and expect a visit from Tony Blair if it was prepared to lay down its chemical and nuclear weapons, the documents disclose. As talks to disarm the Libyans ground to a halt, a fax from Mark Allen, deputy chief of MI6, referred to a sample of the material that proved a link between the Libyans and AQ Khan, a Pakistani nuclear scientist who had been passing the technology to rogue states. The document from November 2003 added: We know that Libya has progressed much further than was admitted during the last visit.
Telegraph 5th Sept 2011 more >>
Irans Bushehr nuclear power plant has been connected to the national grid. It began supplying around 60 MW of its 1000 MW capacity on Saturday 3 September at 11:29pm, the Atomic Energy Organization of Iran (AEOI) said.
Nuclear Engineering International 5th Sept 2011 more >>
Iran is making headway towards rolling out advanced uranium enrichment machines that could speed up its production of nuclear reactor fuel as well as weapons-grade material if, as the West fears, it ultimately tries to assemble atomic bombs.
Reuters 5th Sept 2011 more >>
NIS Update August/September: Annual Accounts paint bleak picture for Ministry of Defence finances; £120 million Project Hydrus costs written off; Report warns that Ministry of Defence nuclear safety is deteriorating; Office for Nuclear Regulation publishes its first corporate plan; Defence Committee highlights weaknesses in Ministry of Defence planning.
Nuclear Information Service 5th September 2011 more >>
Aquamarine Power, the pioneering wave energy company, has agreed a £3.4 million loan with Barclays Corporate in a deal that marks an important milestone for investment in the marine energy sector. The groundbreaking transaction is the first time a UK marine energy project has succeeded in securing bank debt finance. Aquamarine Power’s Oyster wave power technology captures energy in nearshore waves and converts it into clean sustainable electricity. The newly announced five year loan will provide funds Aquamarine Power needs to complete a 2.4MW Oyster array, located at the European Marine Energy Centre (EMEC), Orkney.
Money AM 5th Sept 2011 more >>
Herald 6th Sept 2011 more >>
Scotsman 6th Sept 2011 more >>
IT BATTLED to prevent the building of Europes largest wind farm on Lewis, but now Scottish Natural Heritage is advising construction of a substantial wind farm on the outskirts of Stornoway should be possible. However, SNH says the plans may have to be scaled down to prevent golden eagles crashing into the turbines. The body that advises the Scottish Government on wildlife, habitats and landscape was responding to the consultation on a proposed 42-turbine development near the Lewis Peatlands Special Protection Area (SPA).
Herald 6th Sept 2011 more >>