Latvia to pay Russia $700,000 for removal of spent nuclear fuel

Wednesday, April 2, 2008

RIGA, April 1 (RIA Novosti) - Latvia's government made a decision on Tuesday to pay $700,000 to Russia for the removal and burial of spent nuclear fuel from the dismantled Salaspils research reactor.

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Ministers warned of nuclear 'albatross'

Sunday, March 2, 2008

THE nuclear industry is an economic “basket case” and will continue to be a “financial albatross” for the taxpayer, the Government was warned today.

Labour’s Newport West MP Paul Flynn told the Commons the “immense” cost of cleaning up nuclear waste – which he said was £73 billion – was probably an underestimate. The bill would amount to £3,000 for every family in the country.

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Meetings on nuclear debate

Monday, February 25, 2008

The public will get the chance to hear the outline proposals for new nuclear power stations at Sizewell and Bradwell next month.

British Energy is arranging public meetings “to keep people informed on the decision-making process and to hear views on the impact this may have on the area”.

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Locals struggling at Sellafield

Monday, February 25, 2008

The complex job of cleaning up Britain’s dirtiest nuclear site is drawing some of the world’s biggest engineering companies to the poorest corner of north-west England, but local companies are wondering how they will fare in the fight for lucrative contracts.

Sellafield, in Cumbria, is the biggest prize currently available in nuclear decommissioning, with decades of work to undo the problems caused by 50 years of atomic research.

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Companies to foot nuclear clean-up bill

Friday, February 22, 2008

Companies building nuclear reactors in the UK will have to meet the full cost of their future closure and clean-up, setting money aside from day one, the government will say on Friday.

Following on from last month’s white paper on nuclear power, the government will on Friday set out the draft framework for how the decommissioning of new nuclear reactors would be paid for.

Several companies, including British Energy, EDF, Eon, RWE and Centrica, are looking at building reactors but have said they want more certainty on a range of issues before they are ready to invest, including decommissioning costs and the disposal of radioactive waste.

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Piebalgs defiant over EU atomic safety standards

Thursday, February 21, 2008

The European commission will continue to push for EU minimum nuclear safety standards despite EU governments' failure to entertain a package of draft legislation tabled over three years ago, energy commissioner Andris Piebalgs insisted on Wednesday.

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Nuclear decommissioning funds "require oversight"

Tuesday, January 15, 2008

Persistent concerns over the management and use of funds earmarked for decommissioning nuclear plants in EU states should be addressed by increasing the level of independent oversight, rather than through new legislation, according to the European commission.

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Bulgarian nuclear plant's units 5 and 6 to be upgraded by 2009

Monday, December 17, 2007

(Text of report in English by Bulgarian national news agency BTA website) Ihtiman, 14 December: At the moment the fuel of Units 5 and 6 of the Kozloduy nuclear power plant is being replaced by a better one, Nuclear Regulation Agency (NRA) President Sergei [Sergey] Tsochev told reporters in Ihtiman. The licences for the operation of Units 5 and 6 expire in 2009 and the NRA expects to be submitted a report by the N-plant on their safety in 2008. The upgrading of the units will be completed within the validity of the licences, Tsochev said. An invitation has been extended to the International Atomic Energy Agency (IAEA) and by the end of 2008 it will inspect the observance of the respective technical requirements at the Bulgarian N-plant.

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Swiss Consortium Planning New Nuclear Power Plants

Friday, December 14, 2007

Global Insight, December 14, 2007, Matthew Hall

Swiss energy groups Axpo and BKW have established a joint company to carry forward plans to build two new 1,600MW nuclear power plants in the country. The new plants are to be located at Beznau and Meuhleberg, where existing nuclear plants are due for decommissioning. The joint company, Resun, has indicated it will lodge planning applications by the end of 2008. The permitting process is expected to take four or five years, followed by several years of construction work, meaning the plants are not scheduled to be commissioned until after 2020. Axpo has estimated the plants will cost between 5 billion and 6 billion Swiss francs ($4US.4 billion-$5US.3 billion) to build.

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Lithuanian power plant to take eur 81 mln syndicated loan from five domestic banks

Thursday, December 13, 2007

Copyright 2007 Baltic News Service

Five Lithuania's commercial banks will extend a 81.46 million euros (LTL 281.3 mln) syndicated loan to Lithuania's state-controlled Lietuvos Elektrine (Lithuanian Power Plant).

On Dec. 12 the company and the consortium of Hansabankas, SEB Vilniaus Bankas, DnB Nord, Sampo and Nordea Bank Finland signed a loan agreement on the financing of 400 MW gas unit construction, the power plant said in a statement to the Vilnius Stock Exchange (VSE). Another bidder in the 15-year loan tender, which the power plant announced in August, included Nordic Investment Bank.

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