Related Topic: Liability

UK nuclear insurers provide 'certainty' to support decarbonisation

UK nuclear insurers provide 'certainty' to support decarbonisation

The UK nuclear insurance pool has expanded its capacity to EUR1.2 billion (USD1.4 billion), which will provide the "insurance certainty" to allow the nuclear sector to support the net zero transition, London-based Nuclear Risk Insurers said yesterday. It has finalised its position on covering the extensions of liability created as part of the 2004 Protocol Amendment to the Paris Convention which comes into force on 1 January 2022.

Regulation & Safety 13 October 2021


Study examines nuclear liability insurance market

Study examines nuclear liability insurance market

Considerable new capacity could be available in the insurance-linked securities market for the transfer of nuclear third-party liability risks, a study conducted on behalf of the European Commission has concluded. However, this new capacity would only be available under the right structures and terms.

Nuclear Policies 26 January 2021


Bruce Power, Rolls-Royce deepen digital collaboration

Bruce Power, Rolls-Royce deepen digital collaboration

British engineering group Rolls-Royce has signed a memorandum of understanding with Canada's Bruce Power to deepen their cooperation in digital technology. 

Corporate 11 July 2018


Belgian guarantee scheme is not state aid, says EC

Belgian guarantee scheme is not state aid, says EC

The planned Belgian state guarantee for nuclear operators that do not find sufficient civil liability coverage on private insurance markets does not involve state aid, the European Commission has concluded. The commission said the guarantee would improve compensation for potential victims without granting any advantage to operators.

Nuclear Policies 17 July 2017


UK decommissioning firms share lessons learned

UK decommissioning firms share lessons learned

The two companies responsible for the clean-up of the UK's nuclear legacy are willing to share lessons learned with the global decommissioning industry, Martyn Jenkins, managing director of Enkom Consulting, told a recent conference. Both Sellafield Ltd and Magnox Ltd have "moved from operational to project delivery" and have identified five main challenges, Jenkins said.

Waste & Recycling 27 June 2017


NEA prepares decommissioning costs report

NEA prepares decommissioning costs report

The OECD-Nuclear Energy Agency - together with the International Atomic Energy Agency - plans to publish new guidance on improving cost estimates of nuclear decommissioning projects. Simon Carroll, a senior analyst with the Swedish Radiation Safety Authority, told delegates at the Nuclear Decommissioning & Waste Management Conference Europe that the guidance addresses project risk and uncertainty in cost estimates "in a more comprehensive fashion" than existing practice.

Waste & Recycling 01 June 2017


Changes to UK nuclear liability regime

Changes to UK nuclear liability regime

With the return of nuclear new build in the UK, the potential to be liable for nuclear damage will be of vital importance to all parties in the nuclear supply chain as well as investors and funders of new nuclear projects, writes Darren Walsh.

Perspectives 07 March 2017


US-India deal helps pave way for new nuclear in India

US-India deal helps pave way for new nuclear in India

Modi-Obama June 2016 - 48Westinghouse can start building six AP1000s in India following an agreement signed yesterday during talks at the White House between Indian Prime Minister Narendra Modi and US President Barack Obama. It is the first such opportunity for a US company since the countries signed a civil nuclear deal in 2008.

Nuclear Policies 08 June 2016


India joins nuclear liability convention

India joins nuclear liability convention

India_CSC_ratification_(IAEA-Calma)_48India yesterday deposited its instrument of ratification of the Convention on Supplementary Compensation for Nuclear Damage with the International Atomic Energy Agency.

Nuclear Policies 05 February 2016


India charts progress with overseas partners

India charts progress with overseas partners

Commercial negotiations between Nuclear Power Corporation of India Ltd and Westinghouse on the construction of six AP1000 units at Mithi Virdi in India are on course to be finalized in 2016, the Indian cabinet has said. Separately, Prime Minister Narendra Modi and Russian President Vladimir Putin have welcomed progress towards identifying a new site for VVERs in India.

New Nuclear 05 January 2016