Contracts rss

Hinkley must be on time to benefit from CfDs, committee told

New Nuclear

25 May 2016

The UK government has not given EDF a deadline for its final investment decision on Hinkley Point C, but the contract for difference (CfD) element of their contract would be cancelled if the project is delivered eight years later than planned, in 2033. This was the conclusion of British lawmakers who yesterday grilled the UK Minister of State for Energy and the lead negotiator in talks between the government and the French-owned utility.

Toshiba terminates obsolete agreements with CB&I

Corporate

16 May 2016

Toshiba and CB&I have agreed to terminate a number of agreements originally signed between Shaw Group and Toshiba related to construction of two Advanced Boiling Water Reactors (ABWRs) at the South Texas Project (STP). Since the agreements were signed in 2010, Shaw was acquired by CB&I, which later sold the reactor construction business to Westinghouse, itself a Toshiba company.

Future unclear for US unit despite auction success

Corporate

18 April 2016

Clinton_(Exelon)_48The Clinton nuclear power plant is committed to operate until 31 May 2017 after clearing the regional transmission organization's annual capacity auction, but US utility Exelon Corporation warned that the plant is still potentially facing early retirement.

UK 'confident' of Hinkley deal

Nuclear Policies

18 May 2016

The UK government is confident "there is a deal to be done" with EDF Energy on Hinkley Point C, but notes that it would not and could not influence the speed at which the utility makes a final investment decision on the project. "We recognise that the matter now rests with the equity. That's a commercial matter and we have to allow that to play out," said Jeremy Allen, head of procurement and investor relations at the Department of Energy and Climate Change.

NDA awards contracts to support decommissioning research

Waste and Recycling

11 May 2016

Research and development framework contracts worth up to £12 million ($17 million) have been awarded to a series of consortia involving over 70 organizations by the UK's Nuclear Decommissioning Authority.

L-3 MAPPS awarded contract for Korean Candu simulator

Corporate

13 April 2016

Wolsong - 48Canada's L-3 MAPPS is to supply a full-scope training simulator for the Wolsong 1 Candu pressurized heavy water reactor in South Korea under a contract signed with Korea Hydro & Nuclear Power. It will mark L-3's first implementation of severe accident simulation for Candu plants.