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US nuclear plant up for sale at fraction of cost in Alabama

ABC reported that after spending more than 40 years and $5 billion on an unfinished nuclear power plant in northeastern Alabama, the nation's largest federal utility is preparing to sell the property at a fraction of its cost.

The Tennessee Valley Authority has set a minimum bid of $36.4 million for its Bellefonte Nuclear Plant and the 1,600 surrounding acres of waterfront property on the Tennessee River. The buyer gets two unfinished nuclear reactors, transmission lines, office and warehouse buildings, eight miles of roads, a 1,000-space parking lot and more.

Spokesman Mr Scott Fiedler said that initial bids are due Monday, and at least one company has publicly expressed interest in the site with plans to use it for alternative energy production. But TVA says it isn't particular about what the purchaser does — using the site for power production, industrial manufacturing, recreation or even residences would all be fine with the agency.

Mr Fielder said that "It's all about jobs and investment, and that's our primary goal for selling this property."

The sale is bittersweet for site manager Mr Jim Chardos, who went to work at Bellefonte in 1994 expecting it to be finished as a nuclear power plant. All these years later, he commutes 90 minutes each way to work to oversee a plant that has never been stocked with radioactive fuel or used either of its reactors to generate a single watt of electricity.

Mr Chardos said that work began at Bellefonte in the mid-'70s on the backside of the nuclear energy boom in the United States. The utility initially planned to construct four reactors at the site, but demand for power in the region never met those early expectations and work halted in 1988. A series of starts and stops preceded TVA's decision earlier this year to sell Bellefonte.

He said that "If you're going to make 1,200 megawatts you need to sell it to somebody, and if there's no need for it you're not going to finish. And that's really what's happened."

Sales of US nuclear plants aren't all that unusual; the Nuclear Energy Institute, an industry group, says at least 30 units have been sold in part or whole since 1999. The potential sale of Bellefonte is creating hope in a region where residents gave up long ago on the promise of thousands of good-paying, permanent jobs that were once expected at the plant.

Source : ABC
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China plans to build nuclear power station in Essex town

Essex Live reported that Downing Street has given the green light to a new £18bn nuclear power station that could pave the way for a similar controversial complex in a small Essex town.

Approval for the project, at Hinkley Point in Somerset, was postponed by Theresa May when she became Prime Minister two months ago, but now a nuclear plant at Bradwell is on the cards.

The Hinkley Point plant is being financed by a consortium made up of the British government as well as French-owned energy firm EDF and Chinese state-backed firm CGN.

Essex Live understands CGN, one of the three major investors in Hinkley Point, is hoping to build other new plants at Bradwell and Sizewell in Suffolk.

For Bradwell, the firm plans to submit a design for UK regulatory approval, which could take four years. But the reactor design and technology will need to be approved for use in the UK before the station can be built.

Professor Andy Blowers, chairman of the Blackwater against New Nuclear Group (BANNG) had previously told Essex Live that Bradwell finds itself tied up in a complex web of economic, technical, security and, above all, political issues.

Chinese-designed nuclear technology in Essex had been thought possible as early as 2022, after a leading figure at French energy giants EDF said power station construction could begin by then.

Source : Essex Live
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Turkish Minister Mr Albayrak urges IAEA to shut down Armenia’s nuke plant

Mr Berat Albayrak, Turkey's Energy and Natural Resources Minister said, September 26 the Armenian Metsamor nuclear power plant should be shut down as “the world cannot risk another disaster like Chernobyl,”

Mr Albayrak said that "Even if each country took the necessary precautions about its own nuclear power plant, we cannot ignore the threats at the borders. Therefore, we have to act together towards potential threats. In that regard, the Metsamor nuclear power plant should be shut down."

Armenia's Metsamor plant was built in 1970 and is located 16 kilometers from the Turkish. Armenia has extended Metsamor's lifespan until 2026.

He said that Turkey currently had plans to build three nuclear power plants. Each of the plants boast four reactors, he said adding that the feasibility studies for the third nuclear power plant were still ongoing.

Source : Panarmenian.net
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340MW nuclear power plant starts operation at Chashma Unit - PAEC

Pakistan Atomic Energy Commission (PAEC) said that country’s fourth nuclear power plant at Chashma Unit-3 (C-3) with 340 Megawatt (MW) power generation capacity has been successfully connected to the national grid.

The PAEC sources said that “Congratulation to the nation that Pakistan’s 4th nuclear power plant Chashma unit-3 (C-3) has been connected to the national grid,” added that the electricity generated has been connected to the national grid on trial basis.

Sources said that “After performing various safety and functional tests, the plant will attain full power in first fortnight of December 2016 and a formal inauguration ceremony of the full power grid connection will be held in December.”

Mr Muhammad Naeem chairman PAEC, on achieving this milestone, has re-affirmed that the scientists, engineers and technicians of PAEC are working hard to contribute in achieving all the targets set to ensure energy security for the country. He acknowledged the support of Special Plans Division and the government for help achieve these targets.

Source : The News
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UAE’s nuclear power project raises USD 24.4bn financing

The developers said that the United Arab Emirates’ nuclear energy project has completed a USD 24.4bn financing for its first plant with most of the cash coming from state sources.

In 2009, Korea Electric Power Corporation (Kepco)-led consortium won a contract to build four 1,400 megawatt nuclear reactors that are being constructed at the Barakah plant to meet the UAE’s surging demand for electricity.

Emirates Nuclear Energy Corp (ENEC) and Kepco jointly own the Barakah nuclear energy plant project.

A joint statement from the developers said that the financing comprises direct loans of USD 19.6bn with USD 16.2bn from the Abu Dhabi government and another USD 2.5bn from the Export-Import Bank of Korea (Kexim).

It also includes equity commitments from Enec and Kepco totaling USD 4.7bn as well as a USD 250m loan provided by National Bank of Abu Dhabi, First Gulf Bank, HSBC and Standard Chartered.

Mr Khaldoon Khalifa al Mubarak, chairman of Enec said that “With the creation of this financial framework, ENEC will be able to provide safe, reliable electricity to the UAE grid through a commercially viable and cost-competitive program.”

Source : Gulf Business
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Barakah power plant secures AED 89.6 billion

It is reported that the Barakah Nuclear Energy Plant project has secured financing worth AED 89.6bn. Emirates Nuclear Energy Corporation (ENEC) and the Korea Electric Power Corporation (KEPCO) announced the formal financial close.

The power plant project has secured a direct loan from the Export-Import Bank of Korea (KEXIM) worth $2.5bn (AED9.8bn) and a total of $250m (AED918.2 m) of loan agreements with local and international commercial banks.

The project also acquired a direct loan from Abu Dhabi’s department of finance of up to $16.2bn (AED59.5m). The fund will be managed by the recently created subsidiary, Barakah One, of which KEPCO owns an 18% stake.

The total amount of financing to be managed by Barakah One is valued at $24.4bn, composed of direct loan agreements of about $19.6bn (AED72bn) as well as a total of $4.7bn (17.2bn) in equity commitments.

The direct loan agreements include the overnight cost of the prime contract for the construction and commissioning of the Barakah Nuclear Energy Plant, interest during construction and the cost of initial nuclear fuel.

Mr Khaldoon Khalifa Al Mubarak, chairman of the board of directors of ENEC said that “This financial structure reflects the world-class quality of the programme, and its credibility in the international community.”

Source : constructionweekonline.com

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Taiwan decided to end nuclear power generation in 2025

The Asahi Shimbun reported that in a rare move for power-hungry Asia, the Taiwanese government has decided to abolish nuclear power generation by 2025 to meet the public's demand for a nuclear-free society following the Fukushima nuclear disaster.

Taiwan's Executive Yuan, equivalent to the Cabinet in Japan, approved revisions to the electricity business law, which aim to promote the private-sector’s participation in renewable energy projects, on Oct. 20.

President Ms Tsai Ing-wen said that “Revising the law shows our determination to promote the move toward the abolition of nuclear power generation and change the ratios of electricity sources.”

The government plans to start deliberations on the revised bill in the Legislative Yuan, or the parliament, in the near future, with the goal of passing it within this year.

Movements toward a nuclear-free society are active in Europe. For example, Germany has decided to abolish nuclear power generation by 2022.

On the other hand, China and India are increasing nuclear power generation to meet the growing demand for electricity.

In Taiwan, nuclear power accounted for 14.1 percent of all the electricity generated in 2015. At present, three nuclear power plants are operating.

However, the March 2011 accident at the Fukushima No. 1 nuclear power plant heightened public opinion against nuclear power generation. In response to the sentiment, Tsai, who assumed the presidency in May with a vow of establishing a nuclear-free society, led the government's effort to abolish nuclear power.

Source : The Asahi Shimbun

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Chashma 3 nuclear power plant in Pakistan to be inauguration by next month

Pakistan Today reported that The 340 MW Chashma-3 (C-3) power plant has achieved maximum power generation capacity test and will be ready for inauguration by the third week of next month. Atomic Energy Commission (PAEC) sources told Pakistan that the unit after reaching first criticality test on October 2, was connected to the country’s power grid on October 15.

They said that construction started on the Chinese-designed CNP-300 by China National Nuclear Corporation (CNNC) in March 2011, and the unit was ready to enter commercial operation in December.

They said that 3 x NPPs ie K-1, C-1 and C-2 are in operation and generating 730 MW presently and C-4 is going to another 680 MW to the national grid. Two new NPPs ie K-2 / K-3 are under construction and are likely to be operational in 2020-21, adding 2200 MW to the national grid.

The sources said that C-3 was one of two CNP-300 units being built at the site. Unit 4, which began construction nine months after unit 3, is currently going on with commissioning and expected to enter commercial operations in 2017.

The sources said that also referred to as Chasnupp, was already home to two Chinese-make units. C-1 and C2 had been in commercial operations since 2000 and 2011.

Pakistan’s first nuclear power plant KANUPP at Karachi, is in operations for the last 44 years. The other two nuclear power plants C-1 and C-2 at Chashma are generating electricity with more than 90 per cent of capacity factor.

Source : Pakistan Today
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10 workers doused with radioactive coolant water at Tsuruga nuke plant

Japan Atomic Power Co. said Wednesday that 10 workers got wet from coolant water containing radioactive substances in an auxiliary building for reactor 2 at its Tsuruga nuclear power plant in Fukui Prefecture. The 10 employees were not exposed to radiation, the company said.

Up to 160 liters of room-temperature coolant water containing 272,000 becquerels of radioactive substances was spilled, or some one-10th of the level that must be reported to the government, Japan Atomic Power said, adding that the amount of the hazardous materials was “not small.”

Water from a pipe sprayed into a tank room on the second basement floor of the auxiliary building around 10:50 a.m. Wednesday (1:50 a.m. GMT), when a worker loosened a bolt of a valve on the pipe, which has an attached tank for storing coolant, according to Japan Atomic Power.

Of the 15 workers from a subcontracting company who were in the room, four received water over their whole bodies, while six were partially soaked by the water. The water splashed directly onto the skin on the faces of some of the workers, according to Japan Atomic Power.

When the water poured in, the workers, wearing jumpsuits, helmets, gloves and goggles, were trying to drain the pipe for checkups of the valve and to exchange a rubber part of the tank for temporarily storing coolant water while operations at the plant are halted.

In November last year, Japan Atomic Power applied for safety checks by the Nuclear Regulation Authority for the Tsuruga reactor. An NRA screening is required before the nuclear reactor is reactivated.

Source : JIJI
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Nandipur nuclear power plant in Pakistan to re start generation next year

Pakistan Today reported that Nandipur power plant is likely to re-start power generation from March next year, and the petroleum ministry has assured the supply of gas to the plant which has not been generating power for several months. Well-placed sources revealed that the power ministry has prepared a plan to run the plant and said that the Nandipur power plant was expected to begin commercial operation from March 2017 as instalment of furnace oil treatment plant (FOTP) was in full swing.

However, the power plant worth Rs 58 billion could not be made fully functional as Chinese engineers even after 16 months remained unable to restore complete operation of the power plant. Closure of the plant has caused Rs10 billion loss to national exchequer, they added.

They said closure of power production from the plant was due to appearance of fault in FOTP and that a Chinese firm has been installing the furnace oil treatment plant (FOTP) to make it efficient for power production, they added.

Federal Minister for Water and Power and Defence Khawaja Muhammad Asif on Wednesday while talking to Pakistan Today in Supreme Court premises confirmed that the information regarding re-start of power generation from much-talked Nandipur power plant from the month of March next year.

He said that this time the Nandipur power plant would start power generation as per its installed capacity and Chinese contractor is installing the FOTP which have additional capacity.” He said Nandipur power plant will start power generation from March 2017 as per its full installed capacity of 525MW, while in case of absence of gas, the plant will run with furnace oil and it will produce 425mw.

He further informed that petroleum and natural resources ministry has assured the supply of gas to run Nandipur power plant with cheaper source of gas.

According to the agreement, Chinese contractor was responsible to make the plant fully operational. However, Nandipur Plant could not be made fully functional, which was the violation of agreement despite the completion of commercial operation.

Source : Pakistan Today
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CLP Holdings buys 17% stake in operator of Yangjiang plant

Hong Kong-based power company CLP Holdings Limited has won a bid to acquire a 17% stake in Yangjiang Nuclear Power Company Limited from China General Nuclear (CGN). The transaction is expected to be completed by mid-2017.

CGN announced on 7 October it planned to sell the stake in its non-wholly owned subsidiary - which owns and operates the six-unit Yangjiang nuclear power plant in China's Guangdong province - through a public tender process, due to end on 2 November. CLP announced on 31 October it had submitted a bid to buy the stake.

In a statement to the Hong Kong Stock Exchange, CLP said it entered into a conditional equity transfer agreement with CGN to acquire the 17% stake in Yangjiang Nuclear. Yangjiang Nuclear is currently 46% owned by CGN Power, 30% owned by CGN Power subsidiary GNIC, 7% by CGN Power associate company CGN Industry Investment Fund Phase I, and 17% by Guangdong Yudean Group. CLP said its successful bid price for the 17% stake - comprising 12% held by CGN Power and 5% by GNIC - was CNY 5 billion ($726 million).

CLP said completion of the transaction is subject to various conditions, including approvals of Chinese regulators. Although the latest date for completion under the equity transfer agreement is the end of 2017, CLP said the companies are aiming for the first half of next year.

Six units are planned for the Yangjiang site. The first four units are 1080 MWe CPR-1000 pressurized water reactors, with units 5 and 6 being ACPR-1000s. Unit 1 entered commercial operation in March 2015, with units 2 and 3 following in June 2015 and January 2016, respectively. All six reactors should be in operation by 2019.

CLP said it expects to invest some CNY 7 billion - including the CNY 5 billion bid price - in Yangjiang Nuclear until all six units at the Yangjiang plant have been commissioned.

CLP originally agreed in July 2010 to take a 17% stake in Yangjiang - the equivalent of one reactor - but negotiations were halted in September 2013 following delays in China’s post-Fukushima nuclear safety review.

Source : World Nuclear News
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Bangladesh approves 2400 MW Rooppur nuclear plant project

The Daily Star reported that Bangladesh’s Executive Committee of the National Economic Council has approved the crucial Rooppur nuclear power plant scheme with Russian assistance, the country's biggest ever project in terms of financial involvement requiring an estimated amount of Taka 1,13092.91 crore.

Planning Minister AHM Mustafa Kamal told a news briefing emerging from the ECNEC meeting with Prime Minister Sheikh Hasina in the chair that "Bangladesh Nuclear Energy Commission will implemented the project with an estimated cost of Taka 1,13,092.91 crore by 2025.”

He said the government would provide Taka 22,052.91crore from the national exchequer while Russia will provide Taka 91,040 crore at 4.0 percent interest as project assistance to be paid back in 20 years with a 10-year grace period.

The proposed plant, Kamal said, would generate 2,400 megawatt electricity through two units.

Source : The Daily Star
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Japanese government & Hitachi to fund nuclear power project in Wales

IB Times reported that the Japanese government and Hitachi are said to be putting together a package worth JPY 1 trillion (USD 8.52 billion) to finance a nuclear power plant in the UK. The project would involve building and running two nuclear power reactors at a site called Wylfa Newydd on the Welsh coast.

It follows the UK government awarding the contract to Horizon Nuclear Power, a British energy company established in 2009, which is now owned by Hitachi.

The unnamed official cited by the news agency said that this project would be financed by the Japan Bank for International Cooperation, a public financial institution and state-owned Development Bank of Japan.

While Hitachi's unit is planning to generate at least 5.4 gigawatts of nuclear power across two sites in the country, these funds will help finance the first planned project in Wales.

The project is estimated to cost around £19bn (USD 23.84 billion).

Source : IB Times
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Chinese Bank shows interest in financing Bulgarian Nuclear power plant

The China Industrial and Commercial Bank has expressed an interest in financing construction of the Belene Nuclear Power Plant in Bulgaria. Belene NPPRepresentatives of the bank attended a meeting recently at the Bulgarian Council of Ministers that was attended by Bulgarian Prime Minister Boyko Borissov, Deputy Prime Minister for European Funds and Economic Policy Tomislav Dontchev and the Minister for Energy Temenuzhka Petkova, reported business journal 4-Traders.

Conditions for financing the project included the caveats that no investment in the plant involve the state and that long-term deals be in place regarding the purchase of electricity produced at the plant, conditions the Chinese bank accepted, according to the report.

The Industrial and Commercial Bank of China is commonly ranked as the largest in the world when ranked by total assets, which are estimated to be valued at over $3.6 trillion. It is owned by the government. Seven percent of its loans are investments in power, gas and water concerns.

Source : Nuclear Street
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Japan to scrap Monju fast-breeder nuclear reactor

Economic Times reported that Japan has formally approved a plan to scrap an experimental fast-breeder nuclear reactor that drained government finances for decades without living up to hopes it would be a savior for the resource-poor country's energy needs. Government ministers decided to decommission the trouble-plagued "Monju" reactor. It has cost Japan about JPY 1 trillion (USD 9 billion) while operating only 250 days since it started up 22 years ago.

The so-called "dream reactor" was designed to burn a plutonium-uranium mix, while potentially producing more plutonium in the process that could be converted into more nuclear fuel. The reactor suffered a leakage of sodium, used as coolant, in 1995, months after it went online, a major accident that caused its initial years long suspension before more recent safety problems.

It was estimated that Monju would have required costly upgrades to meet new safety standards introduced after meltdowns at a nuclear plant in Fukushima that was flooded by a tsunami in 2011, with at least 540 billion yen ($4.6 billion) and eight more years of work estimated to restart Monju, officials said, citing their latest estimates.

Source : Economic Times
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Construction of Belarusian nuclear power plant on schedule

BelTa reported that the construction of the Belarusian nuclear power plant stays on schedule. Belarusian Deputy Energy Minister Vadim Zakrevsky told that all the operations to build the Belarusian nuclear power plant precisely follow the relevant flow chart.

Plans have been made to build a machine hall at the construction site near Ostrovets in 2017. Turbine equipment will be installed as well as auxiliary equipment in the turbine hall. Work in the reactor hall will continue.

Asked about the availability of human resources, Vadim Zakrevsky noted there are no problems with finding the specialists the project requires. He told "We have no questions with the personnel currently employed to match the work volume specified by the flow chart.”

The Belarusian nuclear power plant is a project to build a WER-1200 type nuclear power plant 18km away from Ostrovets, Grodno Oblast. The BelNPP will have two power generating units with the total output capacity of up to 2,400MW (2x1,200MW).

Source : BelTa
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Jaitapur to witness anti-nuclear plant protest again - Report

The Hindu reported that following reports of the Indian government asking French and American nuclear companies interested in building atomic plants in the country to furnish details of functional reactors designed by them, the group opposing a nuclear power plant at Jaitapur has announced a one-day protest on January 25.

French company EDF proposes to build six European Pressurised Reactors (EPR) of 1,600 MW each in Jaitapur. The project was earlier with another French company, Areva, in whose reactor business EDF has now acquired a 51 per cent share.

Senior officials with the Department of Atomic Energy (DAE) were anonymously quoted in several news reports seeking to know how the technology works. The Indian government now wants to see the reference nuclear plant built using similar technology, which is functional.

Interestingly, despite the environmental clearance given to the project six years ago and completion of the land acquisition process, no nuclear plant was set up at Jaitapur as the Nuclear Power Corporation of India Limited (NPCIL) and the French company are yet to sign certain techno-commerical agreements.

Source : The Hindu
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Former PM Mr Koizumi wants Japan to abandon nuclear power

Daily Caller reported that former Japanese prime minister Mr Junichiro Koizumi wants his country to abandon nuclear power — again. Mr Koizumi publicly criticized his handpicked successor’s, Japanese Prime Minister Shinzo Abe, current policy to reopen nuclear power plants. Abe sees a revival of nuclear power as critical to supporting economic growth and slowing an exodus of Japanese manufacturing to lower-cost countries.

Mr Koizumi, who supported nuclear power during his tenure, was convinced by the 2011 Fukushima disaster to reverse his support. The former prime minister retired in 2009.

Japan previously pledged to abandon nuclear power by the 2030s.

Officials promised to replace nuclear power with wind or solar, but this caused the price of electricity to rise by 20 percent. Japan’s government currently aims to restart at least 32 of the 54 reactors it shut down following the Fukushima disaster, and wants nuclear power to account for 20 percent of the nation’s total electricity generated by 2030.

Source : Daily Caller
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2016 was a challenging year for Nuclear Power

There is no shortage of people happy to see 2016 come to an end. It has been an extraordinary year characterized by strong popular revolt to the status quo resulting in unexpected government changes in places like Britain and Italy and a surprising result in the US election.

For those of us in the energy industry it has also been a challenging year. Oil prices have remained low depressing economies supported by oil. North American gas prices seem to have no bottom and these historic lows have led to dysfunction in electricity markets. This coupled with highly subsidized prices for renewables has resulted in tremendous economic pressure on American nuclear plants with a number of them closed and more slated for early closure. The most recent was just this month as Entergy announced that Pilgrim would be closed early in 2018.

In other countries, Japan continues to struggle with bringing back its nuclear fleet in a timely manner; South Africa seems to have postponed the bulk of its nuclear plan; and Vietnam cancelled their nuclear projects outright.

What makes these changes of more concern is that on the surface they are said to be a result of challenging nuclear economics rather than any specific anti-nuclear attitude.

But all this negative pressure also helped to put the need for nuclear in perspective. More and more countries have accepted that meeting climate goals will require continued use of nuclear power. Its 24/7 reliable low carbon generation can be the back bone for a healthy economic low carbon world. As shown by the IEA in their World Energy Outlook 2016 (WEO) in the figure below, there is strong growth expected for nuclear in the New Policy Scenario (base case) and that the number of nuclear plants will have to more than double for their 450 (low carbon) scenario.

While the press has been consumed with the challenges, there has been a string of good news for the sector this year. In Britain, there was a final commitment to the Hinkley Point C project and in Switzerland the early closure for their nuclear plants was strongly rejected in a referendum. In the United States, while the focus was on the plants that have closed and that may be closing both Illinois and New York states have taken government action to keep their plants open recognizing their essential contribution to both the local economies and to their carbon emissions targets. Also in the US, Watts Bar 2 came into service as the country’s first new nuclear plant in more than two decades. And so far, it looks like the incoming administration, while not necessarily on the side of combating climate change, will be supportive of nuclear energy going forward.

Here we are; another year has come to an end and once again it has been a tumultuous year for nuclear. But overall, I believe it has been positive and we are well placed for 2017. There is a broad recognition of the importance of nuclear to meet climate change targets and there is a better understanding of the problems with market structures in supporting low carbon economic generation that is needed. All of this without even mentioning China which continues with its strong nuclear expansion.

One thing is clear. The world needs more nuclear if we are to have a reliable secure low carbon generating system. With the IEA forecasting a doubling of plants in the next 25 years, we had better get on with it.

Source : Original Post
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New York City’s closest nuclear power plant may close in 5 years – Entergy Corporation

According to the plant’s owner Entergy Corporation, the nuclear reactors at the Indian Point Energy Center in Westchester County, New York, will stop operating by 2021. This confirms the New York Times’ report on Friday of the nuclear power plant’s impending shutdown.

The Indian Point Energy Center is home to three nuclear reactors, only two of which are active. It’s located on the edge of the Hudson river in Buchanan, New York — about an hour’s drive from Manhattan. Government officials are concerned that if a natural disaster or terrorist attack were to damage the plant, it could devastate nearby New York City.

New York Attorney General Eric T. Schneiderman said in a statement emailed to The Verge that “For years, my office has been fighting to address the serious risks posed by Indian Point to the surrounding communities and the environment. If we can shut-down Indian Point under an agreement that enhances public safety and kick-starts investment into safer and more reliable renewable energy sources, that will be a major victory for the millions of New Yorkers who live in the region.”

The plant has three full-time inspectors on site, and a specialist inspector visits periodically to check the plant’s security and radiation safety, Neil Sheehan, a public affairs officer with the Nuclear Regulatory Commission, tells The Verge. The Nuclear Regulatory Commission is the federal agency that oversees nuclear power plant safety. According to its latest safety report for the third quarter of 2016, there were no safety concerns that would warrant increasing federal oversight of the plant, Sheehan says.

The plant is one of 61 power plants operating in the United States, and it produces more than 2000 megawatts of energy. That’s enough for about 2 million homes, according to its website. “There are a number of reactors that have shut down in recent years,” Sheehan says. While there were a few plants closed for safety reasons, many were shuttered because of economics. “In most cases it had to do with challenges in the energy markets, the low cost of natural gas being a major factor.”
"Officials worry the plant could endanger New York City"

The agreement, reported by the Times, will allow the plant’s owner, Entergy Corporation, to renew its license with the NRC to operate in the state. Entergy’s current licenses expired in 2013 and 2015. While the NRC is the body that grants the license, the state can block that process on two fronts. One of those is the plant’s water permit, which spells out how much water the plant can draw from the Hudson River to use for non-radioactive cooling purposes, Sheehan says. The other is certification under the Coastal Zone Management Act, which allows states to determine whether federal activities could endanger the state’s coastline.

Source : The Verge
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