Corporate

Corporate
Rosatom explains the 'multiplier effect' of new nuclear

Rosatom explains the 'multiplier effect' of new nuclear

The development of a national nuclear industry facilitates a country's economic growth while at the same time keeping in harmony with low-carbon and sustainable development, Yaroslav Mozdakov, director for communications and international affairs at Rusatom Energy International, said last week during a webinar hosted by the Expert Group on Resource Management of the United Nations Economic Commission for Europe. REIN is a subsidiary of Russian state nuclear corporation Rosatom.

Corporate 28 September 2020


Hitachi withdraws from UK new-build project

Hitachi withdraws from UK new-build project

Hitachi announced today it will end its business operations on the Wylfa Newydd nuclear power plant construction project, which it had suspended in January 2019 "because it was clear that further time was needed to decide on a financing structure". Horizon Nuclear Power, the UK project developer that Hitachi acquired in November 2012, said it will now take steps for the "orderly closing down" of all its current development activities, but will "keep the lines of communication open" with government and other key stakeholders regarding future options at both its sites, which in addition to Wylfa Newydd on Anglesey, include Oldbury on Severn in South Gloucestershire.

Corporate 16 September 2020


World Nuclear Association appoints new Director General

World Nuclear Association appoints new Director General

Agneta Rising is standing down as director general of World Nuclear Association next month and today announced her replacement as Dr Sama Bilbao y León, currently head of the Division of Nuclear Technology Development and Economics at OECD Nuclear Energy Agency.

Corporate 15 September 2020


Rosatom sees wider financing options for new build

Rosatom sees wider financing options for new build

Driving investment towards nuclear projects, the topic of World Nuclear Association's Strategic eForum 2020 yesterday, has become "the top priority" for the industry, Ilya Rebrov, the chief financial officer of Rosatom, said in his opening remarks as part of the high-level panel. The opportunities to attract private financing to new-build projects are growing, and the Russian state nuclear corporation hopes to draw on its recent experience in wind energy, he said.

Corporate 11 September 2020


Canadian companies join forces for Ontario economic recovery

Canadian companies join forces for Ontario economic recovery

A newly announced CAD55 million (USD42 million) contract for fuel channel maintenance to extend operations at Bruce 3 is one of several joint projects between Bruce Power and BWXT the companies say will advance Ontario's post-COVID economic recovery programme. The companies also announced the shipment of the first "made-in-Ontario" steam generator for Major Component Replacement project at Bruce unit 6.

Corporate 10 September 2020


Second Darlington refurbishment begins

Second Darlington refurbishment begins

Work has begun on the refurbishment of Darlington unit 3, Ontario Power Generation has announced. Unit 3 is the second of four Candu units at the site to undergo refurbishment in a 10-year project that will enable the plant to continue operations until 2055.

Corporate 04 September 2020


Rolls-Royce wins contract for Zhangzhou units

Rolls-Royce wins contract for Zhangzhou units

Rolls-Royce, the British engineering firm, has been awarded a "multi-million-euro" contract by China National Nuclear Corporation to provide the Neutron Flux Monitoring System for two nuclear reactors currently under construction in China. The system measures the neutron flux of a reactor, and thus continuously and instantly monitors its power, the fluctuations of that power, as well as its axial and radial distribution within the reactor, Rolls-Royce said.

Corporate 03 September 2020


Agreement on ownership of Summer equipment

Agreement on ownership of Summer equipment

Santee Cooper and Westinghouse have finalised terms of a settlement over ownership of equipment associated with the VC Summer units 2 and 3 nuclear power plant project in South Carolina, abandoned in July 2017. The terms give Santee Cooper full ownership of and the ability to begin marketing all non-nuclear equipment immediately.

Corporate 02 September 2020


Rosatom extends digital technology progress

Rosatom extends digital technology progress

The Russian government, Rosatom and Rostec have signed a statement of intent for the development of end-to-end digital technology. In a separate digital technology development, Rosatom has announced the creation of a digital configuration management system for the Hanhikivi-1 nuclear power plant project in Finland.

Corporate 01 September 2020


Exelon announces early shutdown of four Illinois reactors

Exelon announces early shutdown of four Illinois reactors

US utility Exelon Generation announced today both the two-unit Byron and Dresden nuclear power plants will be retired in 2021 as "the result of market rules that favour polluting power plants over carbon-free nuclear energy". It warned that further plants are at risk of premature closure due to these unfavourable market rules.

Corporate 27 August 2020