Corporate

Corporate
Energoatom sees restoration of company charter

Energoatom sees restoration of company charter

Ukraine's Ministry of Energy has restored Energoatom’s ability to influence its own financial planning and the process of appointing a company president, in a newly approved corporate charter that has been submitted for state registration. The state-run nuclear power plant operator had started legal action to force the move before its dialogue with the ministry was resumed.

Corporate 04 August 2020


US report highlights nuclear export opportunities

US report highlights nuclear export opportunities

Exports of nuclear energy equipment and technology to meet the needs projected by the Intergovernmental Panel on Climate Change could be worth USD1.3-1.9 trillion to the USA over the period to 2050, a new report by consulting firm UxC has concluded.

Corporate 31 July 2020


Energoatom is 'doomed to succeed', says vice president

Energoatom is 'doomed to succeed', says vice president

Ukraine's nuclear power plant operator will thrive in a free market and be able to export surplus electricity if the government removes impediments to its success, Herman Halushchenko, Energoatom's vice president of development, said in an interview with Energy Club last week. Asked where he sees the company in five years, he said: "There is good phrase for this - 'We are doomed to succeed'. We must give this unique company the opportunity to become truly successful."

Corporate 27 July 2020


Ohio legislator charged in racketeering case

Ohio legislator charged in racketeering case

Five people, including the Speaker of Ohio's House of Representatives, have been charged in a federal racketeering conspiracy involving USD60 million related to legislation passed last year to provide financial support to two nuclear power plants.

Corporate 23 July 2020


Report shows advantages of nuclear employment

Report shows advantages of nuclear employment

The nuclear energy industry provides more numerous, better-paid and more highly-trained jobs than does the wind power sector, according to a technical position paper published today by World Nuclear Association. It provides around 25% more employment per unit of electricity generated.
 

Corporate 21 July 2020


Debts force Ukraine to adjust fuel supply schedule

Debts force Ukraine to adjust fuel supply schedule

Energoatom has had to adjust its fuel delivery schedule owing to its financial problems, but the Ukrainian nuclear power plant operator is still ensuring a diverse range of suppliers, Natalya Shumkova, the state-run company's executive director for nuclear and radiation safety and scientific and technical support, said last week.

Corporate 21 July 2020


Sizewell C Consortium urges decision on funding

Sizewell C Consortium urges decision on funding

A group of 32 companies and organisations from the UK nuclear supply chain have formed a consortium to encourage the government to support a state-guaranteed financing model for Sizewell C, the proposed new nuclear power plant on the Suffolk coast. The Sizewell C Consortium said today it intends to sign agreements that ensure 70% of the project's construction value would go to UK companies.

Corporate 14 July 2020


Candu unit sets North American operating record

Candu unit sets North American operating record

Darlington unit 1 has set a new Canadian and North American nuclear record with 895 consecutive days of unbroken operation. Ontario Power Generation's Candu reactor has now been online since 26 January 2018 without needing to be taken out of service for maintenance or repair.

Corporate 10 July 2020


Rusatom Service, MVM Group create European Power Services JV

Rusatom Service, MVM Group create European Power Services JV

Rusatom Service and MVM Group have formed a joint venture in Hungary to provide service and maintenance to nuclear industry facilities, conventional sources of power generation, renewable energy and oil and gas in Europe, they announced yesteday. The new company, European Power Services Ltd, will start work at the Paks nuclear power plant.

Corporate 10 July 2020


EDF revises 2020 forecast for French nuclear output

EDF revises 2020 forecast for French nuclear output

EDF is revising upwards its nuclear output estimate in France for 2020, to around 315-325 terawatt-hours. In April, the French state-owned utility said it expected generation this year to be about 300 TWh, down from an initial expectation of 375-390 TWh before the coronavirus outbreak.

Corporate 03 July 2020