New build rss

NuGen welcomes PM 'commitment' to Moorside

Nuclear Policies

16 February 2017

NuGeneration has welcomed the British prime minister's comments yesterday about the importance of building a new nuclear power plant in West Cumbria, while the Institution of Mechanical Engineers has said the UK's plan to leave the European Atomic Energy Community (Euratom) as part of Brexit could threaten new nuclear reactor projects.

Westinghouse reassures Summer plant owners

Corporate

15 February 2017

Vogtle_3_CA01_lift_(SCE&G)-48Westinghouse Electric Company and its "parent guarantor" Toshiba Corp are committed to completing the two new Westinghouse AP1000 nuclear power units under construction in Jenkinsville, South Carolina. SCANA Corp said yesterday its main subsidiary, South Carolina Electric & Gas Company, and VC Summer Nuclear Station co-owner, Santee Cooper, had received this "reaffirmation".

NuGen confirms Toshiba commitment to Moorside

Corporate

14 February 2017

Toshiba Corp is committed to Moorside despite announcing today it would reduce its exposure to reactor construction projects outside Japan, the head of its UK joint venture, NuGeneration, has said. The Japanese electronics conglomerate reported a net loss of JPY390 billion ($3.4 billion) in the year to March 2017 and said it would book a JPY712.5 billion ($6.3 billion) loss on its US nuclear unit.

Positive future for nuclear, Amano tells summit

Nuclear Policies

15 February 2017

Nuclear power will play an important role in meeting the world's future energy needs, International Atomic Energy Agency director general Yukiya Amano told the World Government Summit in Dubai yesterday.

Horizon forms operating partnership with Exelon

New Nuclear

15 February 2017

Wylfa Newydd site - aerial - 48Horizon Nuclear Power, the UK subsidiary of Hitachi Ltd, said today it was joining forces with Exelon Generation as Horizon develops its "expertise and capability" to operate a new nuclear power plant at Wylfa Newydd on the Isle of Anglesey. Exelon Generation operates the biggest fleet of nuclear power plants in the USA, with 19,460 megawatts of capacity from 22 units, eight of which are boiling water reactors. The Wylfa Newydd project will deploy two Advanced Boiling Water Reactors.

UK considers state backing for nuclear, says report

Nuclear Policies

13 February 2017

UK government ministers are "wrangling over how to support" new nuclear power plant projects, with some senior members of the Treasury "hostile" to direct state subsidy, according to the Financial Times. Philip Hammond, chancellor of the exchequer, and Greg Clark, business secretary, have both taken part in talks over support for new plants in Anglesey and in Cumbria, the British newspaper says, citing unnamed sources.