Corporate rss

Ohi 3 reaches critical milestone in restart

15 March 2018

Ohi 3 and 4 48Unit 3 of the Ohi nuclear power plant in Japan's Fukui Prefecture reached criticality this morning, operator Kansai Electric Power Company announced. The reactor - the sixth to be restarted after clearing the country's revised safety regulations - is expected to resume commercial operation early next month.

Olkiluoto 3 EPR parties agree settlement

12 March 2018

Olkiluoto 3 - September 2016 - 48Finnish utility Teollisuuden Voima Oyj has agreed a settlement with French Areva and German Siemens in the long-running dispute over cost overruns and delays to the Olkiluoto 3 EPR project. TVO said yesterday that Areva-Siemens will pay compensation of EUR450 million (USD553.73 million).

NJ plant owners suspend funding pending legislation

05 March 2018

The co-owners of the Salem nuclear power plant in New Jersey have suspended funding for future capital projects at the site after legislation to recognise the attributes of nuclear power plants faced delays in the state Senate. Similar action may be taken at the Hope Creek power plant.

French-US firms create storage JV in Texas

14 March 2018

CISF_rendering_(WCS)_48Orano USA and Waste Control Specialists plan to form a joint venture to license a consolidated interim storage facility (CISF) for used nuclear fuel at the WCS site in Andrews County, Texas. The joint venture will request that the Nuclear Regulatory Commission resume its review of the CISF licence application WCS originally submitted two years ago.

Milestone agreements for Vermont Yankee transfer

07 March 2018

Vermont_Yankee_view-(Entergy)-48Affiliates of Entergy Corporation and NorthStar Group Services Inc have signed agreements with State of Vermont agencies and other parties on terms for the sale approval of the shut-down Vermont Yankee nuclear power plant to NorthStar. The sale will enable the accelerated decommissioning of the single-unit boiling water reactor plant.

MOU sees Holtec SMR-160 for Ukraine

02 March 2018

Holtec-Energoatom-MOU-(Holtec)-48A memorandum of understanding signed by Holtec International and Energoatom envisages the adoption by Ukraine of Holtec's small modular reactor technology with the country becoming a manufacturing hub for SMR-160 reactor components. Separately, the US Nuclear Regulatory Commission has begun a technical review of an application by Holtec for a consolidated spent fuel interim storage facility proposed for southeastern New Mexico.