Corporate rss

Korean research reactor resumes operation

12 December 2017

Hanaro research reactor - 48The Korea Atomic Energy Research Institute has restarted the 30 MWt High-flux Advanced Neutron Application Reactor (Hanaro), which has been offline for the past three-and-a-half years. During this period, the reactor has undergone safety upgrades.

Kepco named preferred bidder for UK's NuGen

07 December 2017

Korea Electric Power Company has been named as the preferred bidder to acquire 100% of the shares in NuGeneration, the UK nuclear power development company owned by Toshiba. Kepco CEO Hwan-Eik Cho said in a company statement yesterday that, as preferred bidder, Kepco intends to "progress negotiations to a positive conclusion" to achieve a target closing of the proposed acquisition early next year.

L3 MAPPS to provide more simulators to EDF Energy

06 December 2017

Orchd_Touch_Interface_(L3_MAPPS)-48L3 MAPPS has been contracted by EDF Energy Nuclear Generation to supply two classroom simulators to its Nuclear Power Academy in the UK. The project is under way and the two simulators will be put into service in the first quarter of 2018, the Montreal, Canada-headquartered company said yesterday.

Paladin creditors agree to proposed restructuring

11 December 2017

Paladin Energy's creditors have agreed to a proposal to restructure the company's debt and reinstate it to quotation on the ASX. The Western Australia-based company's creditors have executed the proposed deed of company arrangement (DOCA). Major creditor Electricité de France previously said it may seek to have the DOCA, which it claims is unfairly prejudicial towards it, terminated.

Toshiba to complete Vogtle parent guarantee payments

06 December 2017

A new agreement with Toshiba will see the owners of the Vogtle nuclear construction project receive all remaining scheduled payments under the project's parent guarantee by 15 December. To date, Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities have received scheduled payments worth $455 million in total, with $3.2 billion still to be paid.

Atomenergomash, General Electric JV signs Akkuyu contract

29 November 2017

GE Steam Power Systems has announced the signing of a contract to deliver the main equipment of the conventional island for the Akkuyu nuclear power plant in Büyükeceli, Turkey. The contract has been awarded to AAEM Turbine technology LLC, the Saint Petersburg, Russia-headquartered joint venture between Atomenergomash JSC and General Electric.