Switzerland to return decommissioning funds to nuclear plant operators

Tuesday, December 11, 2007

Switzerland has issued a new decree to address excess funds for nuclear decommissioning and waste disposal, the Swiss Energy Office said on Monday.

The decree will take into account the longer-expected lifetime of nuclear power plants from 40 to 50 years, which has left excess sums totalling around CHF 600-700 million (EUR 363-423 million) in the funds. These sums must now be returned to nuclear power plant operators. The total cost of decommissioning and waste disposal for Switzerland's five nuclear power plants was estimated at CHF 13.7 billion in 2001, the majority of which (CHF 11.8 billion) was allocated for the disposal of waste. By the end of 2006, around CHF 4.4 billion had accumulated in the funds.

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Lithuania spends eur 51.2 mln on projects to decommission 1st unit of ignalina n-plant so far

Thursday, October 4, 2007

Lithuania has already spent 51.2 million euros on projects aimed at decommissioning the first unit of Ignalina Nuclear Power Plant (INPP) closed late in 2004. Direct European Union (EU) support for the projects made up some 29 million euros in two years.

The overall amount excludes the support extended by the Ignalina International Decommissioning Support Fund (IIDSF), administered by the European Bank for Reconstruction and Development (EBRD), which funds the decommissioning projects independently via direct payments to contractors or suppliers.

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Lithuanian power plant invites bids to build new unit

Wednesday, October 3, 2007

Lithuania's state-controlled Lietuvos Elektrine (Lithuanian Power Plant, or LPP) has invited international bids to design and build a new combined cycle gas turbine plant (CCGT) with a capacity of 350 to 450 megawatts (MW), the Economy Ministry said on Wednesday.

The project, worth an estimated 720 million litas (EUR 209 mln), is part of ongoing upgrades at the LPP, which will become the main generator of electricity in Lithuania after the shutdown of the Ignalina Nuclear Power Plant (INPP) in 2009. The CCGT project will be financed from the Ignalina International Decommissioning Support Fund, which is administered by the European Bank for Reconstruction and Development (EBRD), and other resources, the ministry said. The new plant will produce electricity at around half the cost of power generated by the existing units of the LPP.

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Dismantling nuclear plant to cost more

Friday, September 7, 2007

The environment ministry is considering forcing the current owner of the nuclear plant in Dodewaard to pay more towards its dismantling. The company, GKN, estimates the cost at €130m.

The intended new owner Covra, which specialises in radioactive waste, told the Radio 1 Argos programme it will cost €230m.

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Kozloduy Decommissioning Fund To Grant 39 Mln Euro to Bulgaria for Power Plant Construction

Sunday, July 8, 2007

SOURCE: Dnevnik (Bulgaria)

The Kozloduy International Decommissioning Support Fund (KIDSF), administered by the European Bank for Reconstruction and Development (EBRD), will grant 39 mln euro ($53.1 mln) to Bulgaria for the construction of a thermal power plant on the site of the Kozloduy nuclear plant, Dnevnik daily reported on July 8, 2007.

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Nuclear sector hopes CO2 will lift Chernobyl curse

Monday, June 18, 2007

EUOBSERVER / CLIMATE TECHNOLOGY - For the millions of Europeans who mistrust nuclear power, it may cause goose-pimples to think that at least six new plants will soon join the 152 reactors already fizzing away on EU soil. But despite fresh talk of how nuclear can cut CO2, the industry is still struggling to get over the 1986 Chernobyl disaster.

A visitor to a typical reactor could be convinced the atom is a magic key to the EU's energy woes: standing on the core, just 10 metres under one's feet, splitting uranium atoms generate enough power (1,100 MW) to light up all the homes in Finland for a year. There is no sound. There is no smell. As you leave, a scanning machine says "You have not been contaminated."

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Energy boost

Thursday, May 31, 2007

Number 10 has finally pressed the button. By the end of today, the government should have offloaded a large chunk of its holding in British Energy, the UK's big nuclear generator. This stands to increase the company's free-float by about three-quarters, hence the 6 per cent drop in British Energy's share price yesterday. But the shares could easily have fallen further - were it not for the clever timing of the sale.

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Bulgarian Kozloduy NPP Wants Nuclear Fund To Pay for Spent Fuel Transportation

Monday, April 23, 2007

Dnevnik (Bulgaria) The nuclear decommissioning fund will pay for the transportation of the spent nuclear fuel from Bulgarian nuclear power plant (NPP) Kozloduy's small units under the NPP proposal for amendments to an energy ministry ordinance.

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Power market developments: waste fund call

Wednesday, April 18, 2007

Nuclear Engineering International - The International Energy Agency's review of the UK energy industry has called for a nuclear waste and decommissioning fund to be set up.

The International Energy Agency's (IEA's) recently published The United Kingdom 2006 Review, the second of its Energy Policies of IEA Countries series, praised the UK energy market framework but highlighted the need for a nuclear waste policy, covering all types of waste, and called for the establishment of a liabilities fund to pay for decommissioning and waste disposal.

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Market concentration has reached critical levels in some regions — report

Monday, February 12, 2007

The concentration of market power increased to "critical" levels in a number of European regions between 1996 and 2005, according to a new study published by the German Institute for Applied Ecology.

The study considered typical measures of market concentration and said "two very different development patterns" had emerged over the period. Market concentration in the UK and Scandinavia were now "un-concentrated", but concentration remained "very high" in other regions, notably Germany.

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