Politics rss

Court rejects EOn's compensation claim

Corporate

05 July 2016

A regional court in Hannover has ruled that EOn is not entitled to €382 million ($426 million) in compensation it sought for the forced shut down of its Isar 1 and Unterweser nuclear power units in 2011.

The Brexit effect on UK nuclear

Nuclear Policies

24 June 2016

EDF Energy, NuGeneration and Horizon Nuclear Power have all stressed their commitment to the UK's nuclear new build program, despite the country's decision to leave the European Union. Nevertheless, the majority vote in favour of 'Brexit' - decided in a national referendum held yesterday - may have implications for investment in new reactors and nuclear research, as well for the UK's future role in meeting climate change targets, industry participants said.

US-India deal helps pave way for new nuclear in India

Nuclear Policies

08 June 2016

Modi-Obama June 2016 - 48Westinghouse can start building six AP1000s in India following an agreement signed yesterday during talks at the White House between Indian Prime Minister Narendra Modi and US President Barack Obama. It is the first such opportunity for a US company since the countries signed a civil nuclear deal in 2008.

UK sets fifth carbon budget

Energy and Environment

30 June 2016

The UK government has set a fifth carbon budget aimed at cutting the country's carbon dioxide emissions by almost 57% by 2032 compared with 1990 levels. Legislation ultimately aims to cut the UK's emissions by 80% by 2050.

Russia wins 'half' of compensation claimed in Belene lawsuit

Corporate

16 June 2016

The International Court of Arbitration has ruled in favour of Russia's Atomstroyexport over its claim for compensation after Bulgaria cancelled the Belene nuclear power plant it had been contracted to build. The Bulgarian Energy Ministry has stressed however that the Court ordered the payment of half of the total sum the Rosatom subsidiary had sought to receive.

IAEA fuel 'bank' on target for September 2017 launch

Uranium and Fuel

02 June 2016

IAEA-UMP - LEU bank - 48The IAEA Low Enriched Uranium Storage Facility - or 'bank' - is scheduled to be ready for operations by September 2017, following the conclusion of a partnership agreement between the International Atomic Energy Agency and the Ulba Metallurgical Plant in Kazakhstan this week.