Asia

Hungary-Russia nuclear deal faces EU obstacle

Monday, February 23, 2015

Hungary’s deal to award up to €12bn in nuclear power contracts to a Russian state-owned company is facing a growing threat from EU regulators who have the power to block the project.

A veto or prohibitive fine from Brussels would be a bruising setback for Viktor Orban, Hungary’s prime minister, who has made the project the centrepiece of his strategy to forge deeper political and economic ties with Russia, despite the ostracising of Moscow by the west over Ukraine.

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Global nuclear decommissioning cost seen underestimated, may spiral

Monday, January 19, 2015

LONDON/PARIS (Reuters) - German utility E.ON's breakup has led to worries that funds set aside for decommissioning reactors will not suffice, but globally the cost of unwinding nuclear is uncertain as estimates range widely.

As ageing first-generation reactors close, the true cost of decommissioning will be crucial for the future of the nuclear industry, already ailing following the 2011 Fukushima disaster and competition from cheap shale gas, falling oil prices and a flood of renewable energy from wind and solar.

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Signatures on engineer assessment of Turkey’s first nuclear plant forged: Report

Tuesday, January 13, 2015

The signatures of two nuclear engineers who prepared the environmental impact assessment report (ÇED) for Turkey’s prospective nuclear plant in Akkuyu were forged, ahead of the final approval of the mandatory document to allow the facility’s construction, daily BirGün reported Jan. 12.

The plant is scheduled to be built in the southeastern Mediterranean district of Akkuyu.

According to the report, an expert analysis carried out upon the demand of the Chamber of Turkish Engineers and Architects (TMMOB), which closely monitors legal procedures, has revealed that signatures were forged twice at different stages of the process.

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Russia to extend US$270m export credit to Armenia for extending nuclear power operation

Thursday, December 4, 2014

(Armenian News, Yerevan, 19 November 2014) Armenia has approved a proposal for the extension of an Armenian-Russian intergovernmental agreement on cooperation extending the operation of the 2nd power unit of the Armenian nuclear-power plant (NPP). Armenia’s Minister of Energy and Natural Resources Yervan Zakharyan noted that, under the agreement, Russia is to extend a $270m export credit to Armenia.

Armenia said Sept. 13 it would extend the life of its ageing nuclear power plant, despite safety concerns over the Soviet-era facility in an active seismic zone.

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Hungary cuts off natural gas shipments to Ukraine

Monday, September 29, 2014

BUDAPEST, Hungary (AP) — Hungary unexpectedly cut off natural gas shipments to Ukraine on Thursday, days after getting assurances from Russian supplier Gazprom that it would get enough deliveries to fill up its own gas storage facilities.

Hungary had been sending an estimated 3 million cubic meters of natural gas a day to Ukraine, which has not received any from Russia since June. But FGSZ, Hungary's gas transmission firm, said it suspended the flow to Ukraine indefinitely to ensure pipeline capacity for incoming deliveries as it builds its own reserves.

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Russia claims it is still talking with Ukraine over nuclear project

Thursday, August 28, 2014

Russia’s nuclear agency Rosatom has said that negotiations are still underway on expanding Ukraine’s Khmelnitsky Nuclear Power Plant despite reports this week that Ukraine had cancelled the project.

As tensions mounted in Ukraine yesterday, with its government announcing the capture of nine Russian soldiers on Ukrainian territory, a Rosatom representative told Russian news agency RIA Novosti that it had not received any notice about Ukraine’s pulling out of the construction project to build the third and fourth power units at the plant, and that both sides are continuing negotiations.

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Westinghouse urges EU to break dependency on Russian nuclear fuel

Thursday, August 21, 2014

Westinghouse, the Japanese-US atomic group, is pressing the EU to introduce competition rules that will break eastern Europe’s dependence on Russian nuclear fuel.

While the crisis in Ukraine has focused attention on Europe’s vulnerability to a cut in supplies of gas from Russia, Westinghouse argues that Brussels must also respond to similar security risks posed by Moscow’s control of nuclear fuel in the eastern EU.

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Bulgaria signs nuclear deal with Westinghouse

Friday, August 1, 2014

SOFIA, Aug 1 (Reuters) - Bulgaria, one of five EU states that depend totally on Russia for nuclear fuel, and Westinghouse Electric Company signed a shareholder agreement on Friday paving the way for construction of a new nuclear reactor estimated to cost $5 billion.

The deal, which still requires the approval of Bulgaria's next government, will help the Balkan country reduce its energy dependence on Russia at a time of increased tensions between Moscow and the European Union over Ukraine.

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The EU's nuclear links with Russia

Monday, July 28, 2014

The EU has 18 Russian-designed nuclear power plants

Following the loss of the Malaysian airliner last week, European leaders are once again wrestling with the question of how to respond to Russia over its role in the Ukraine crisis.

They are reluctant to get tough, much more so than the United States.

The EU could easily end up doing itself a lot of economic harm, most obviously if Russia were to respond by turning down the gas.

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Russia to Help Kazakhstan Build Nuclear Power Plant

Friday, May 30, 2014

ASTANA, May 29 (RIA Novosti) – Russia and Kazakhstan have signed a memorandum on the construction of a nuclear power plant in Kazakhstan during a Supreme Eurasian Economic Council session in Astana on Thursday.

The agreement was signed by nuclear corporations Rosatom and Kazatomprom in the presence of Russian President Vladimir Putin and his Kazakh counterpart Nursultan Nazarbayev.

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