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Areva-Siemens updates Olkiluoto 3 arbitration claim
UPDATED
The Areva-Siemens consortium supplying the first-of-a-kind Olkiluoto 3 EPR has updated its arbitration claim against Finnish utility Teollisuuden Voima Oyj (TVO) to €3.4 billion ($4.3 billion).
Corporate
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Monday, 27 October 2014
EU-APWR passes EUR assessment
Mitsubishi Heavy Industries'ÌýEuropean version of its Advanced Pressurized Water Reactor (EU-APWR) has been formally certified as compliant by the European Utility Requirements (EUR) organisation.
Regulation & Safety
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Wednesday, 22 October 2014
TVO increases claim against Areva-Siemens in arbitration
Finnish utility Teollisuuden Voima Oyj (TVO) has revised its estimated costs and losses relating to the continued delay in completion of the first-of-a-kind EPR at Olkiluoto.
Corporate
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Wednesday, 22 October 2014
Fangjiashan 1 achieves first criticality
Unit 1 of the Fangjiashan plant in China's Zhejiang province has moved closer to commissioning by achieving a sustained chain reaction.
New Nuclear
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Tuesday, 21 October 2014
South Africa plans next steps with vendors
South Africa is moving towards signing framework agreements with China and Japan and is inviting would-be reactor vendor countries to participate in workshops to showcase their offerings as it moves through the pre-procurement phase of its nuclear new-build plans.
New Nuclear
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Tuesday, 21 October 2014
CGN to invest in new Cernavoda units
China General Nuclear (CGN) has been designated as the "selected investor" for the development of units 3 and 4 at Romania's Cernavoda nuclear power plant. A letter of intent has been signed to complete the two units.
New Nuclear
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Monday, 20 October 2014
Paks project company to be sold to state
A project company set up to oversee theÌýexpansion of the Paks nuclear power plant is to be sold to the state, a general meeting of Magyar Villamos Művek decided yesterday.
Corporate
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Thursday, 16 October 2014
South Africa and France sign nuclear accord
South Africa has signed a civil nuclear cooperation agreement with France, opening the door to the possible deployment of French nuclear technology as South Africa looks to expand its nuclear power program.
New Nuclear
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Tuesday, 14 October 2014
All eyes on Hinkley
The European Commission's decision that the revised UK support package for EDF's Hinkley Point C nuclear project is compatible with EU State aid rules does not necessarily provide an easy blueprint for subsequent projects. Other EU nuclear project sponsors and investors face a number of difficult issues that should be at the heart of planning for subsequent projects, write George Borovas, Nick Buckworth and James Webber.
Podcasts & Features
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Friday, 10 October 2014
Polish nuclear joint venture gets antitrust approval
Poland's Office of Competition and Consumer Protection has approved the formation of a joint venture between three utilities and a mining company to build the country’s first nuclear power plant.
New Nuclear
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Friday, 10 October 2014
Hinkley Point C contract terms
The European Commission's approval of agreements between EDF Group and the UK government to build Hinkley Point C demonstrates that they are "fair and balanced for investors and consumers now and for the long term," EDF ¶¶Òõ´«Ã½ÔÚÏß chief executive Vincent de Rivaz said.
Nuclear Policies
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Wednesday, 8 October 2014
Cost of Summer AP1000s increases
Having said that construction of two AP1000 units at the VC Summer nuclear power plant in South Carolina faces a delay of at least one year, the consortium building the reactors now expects the units to cost an additional $1.2 billion.
New Nuclear
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Friday, 3 October 2014
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