Europe

Rosatom woos EU with guaranteed low electricity price

Thursday, April 16, 2015

An official of Russian state nuclear firm Rosatom told a Brussels audience that his company could guarantee a levelized price for electricity of $50/MWh from new nuclear plants it builds, if the client chooses the firm's services for their lifecycle. According to EU policies, however, fuel supply should be diversified.

Speaking at an event organised by New Nuclear Watch Europe, Kirill Komarov, First Deputy CEO of Rosatom, said that his company was the only one able to guarantee a low price for electricity, if European countries chose the full package of its services.

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Austrians resist EU funding for UK's Hinkley Point nuclear project

Thursday, December 18, 2014

Austrian premier Werner Faymann will today (18 December) protest at the British inclusion of landmark nuclear energy projects – including Hinckley Point – within its list of infrastructure eligible for funding under the proposed €315bn Juncker investment plan.

The UK has listed several nuclear-related projects within the Juncker plan, a list of 2,000 projects drawn from across all member states, which will be considered for funding under the investment plan.

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Nuclear industry says weak carbon price justifies state funding

Monday, April 14, 2014

BRUSSELS, April 10 (Reuters) - FORATOM, which represents Europe's nuclear industry, said new atomic power generation will need financial support as long as carbon prices are low and hit back at EU regulators' criticism of funding for a plant to be built by EDF.

The European Commission, the EU regulator, has launched an in-depth investigation into Britain's plan to provide public funding for a 19 billion euro ($26.37 billion) nuclear plant to be built at Hinkley Point in Britain.

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Four Central European states urge EU to support nuclear energy

Tuesday, October 15, 2013

BUDAPEST, Oct 14 (Reuters) - Poland, the Czech Republic, Slovakia and Hungary want the European Union to support nuclear energy projects and not to over-regulate the area, Prime Minister Viktor Orban said on Monday after a summit of the "Visegrad Four" countries.

The four also threw their backing behind shale gas extraction in Europe, and agreed to set up a natural gas market forum with the aim of fostering a regional gas market, which will convene in Budapest this month, Orban said.

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EU Commission says nuclear energy not in energy state aid guidelines

Tuesday, October 8, 2013

BRUSSELS, Oct 8 (Reuters) - Guidelines for when EU member states can use taxplayers' money to support energy generation will not include nuclear power, the European Commission, the EU executive, said on Tuesday.

Commission spokesman Antoine Colombani said EU Competition Commissioner Joaquin Almunia proposed that guidelines, expected to be published in November, should not include specific criteria on nuclear power. The other commissioners had agreed, he said.

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Commission split over state aid for nuclear

Thursday, October 3, 2013

The European Commission is divided over state-aid rules for energy and the environment ahead of a debate to be held in Strasbourg next week (Tuesday 8 October). The Commission is preparing guidance for member states in a bid to solve inconsistencies that have plagued two areas: feed-in tariffs for renewable energy, and state subsidies for nuclear power plants. A draft version of the guidance will be issued by the end of the year, with a view to adoption in 2014.

The nuclear industry wants European Union rules changed so that member states can provide direct state aid for building nuclear power plants. But member states and Commission departments are split on the issue. Several member states – including France, the Czech Republic and the UK – want the Commission to relax state-aid rules so they can use environmental subsidies to fund nuclear plants, seeing such a policy as part of a ‘low-carbon' approach. But other countries, including Germany and Austria, are adamantly opposed to nuclear being on the same footing as renewables when it comes to environmental subsidies.

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Picking up the nuclear energy bill divides the EU

Wednesday, August 14, 2013

BRUSSELS/LONDON (Reuters) – European Union rules to be published over the coming weeks could make it easier to justify using taxpayers’ money to fund new nuclear power, which would pitch major EU powers against each other.

The European Commission, the EU executive, says its mind is still open on the topic, but it is under pressure to set a legal framework for state aid to nuclear projects after several member states, including Britain, sought its guidance.

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Oettinger calls for ministerial meeting on ITER

Monday, February 25, 2013

While MEPs continued their debate on the European Commission’s proposal to grant a specific budget under the multiannual financial framework to the ITER nuclear fusion research and engineering project, Energy Commissioner Günther Oettinger announced to the member states’ research ministers, meeting in Brussels on 18 February, that he would organise a ministerial meeting of the ITER Council in Cadarache, France, in September this year.

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EU to raise nuclear research spending

Thursday, November 1, 2012

Average annual funding for nuclear research is expected to grow almost 15% under the European Union's (EU's) planned Horizon 2020 program. Fusion programs account for nine-tenths of the budget.

Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 initiative aimed at securing Europe's global competitiveness. Running from 2014 to 2020 with an €80 billion ($104 billion) budget, the EU's new program for research and innovation is part of the drive to create new growth and jobs in Europe.

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EU nuclear plant stress tests leaked, improvements due

Monday, October 1, 2012

European stress tests on nuclear power plants in the EU have identified room for improvement at almost all the bloc's reactors. Yet Energy Commissioner Günther Oettinger described the overall situation as "satisfactory."

The nuclear stress tests were not due to be presented to EU leaders until their next summit in mid-October, but several news agencies acquired the report ahead of time on Monday.

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