BUDAPEST (Reuters) - Hungary is working to modify financing for a nuclear plant being built by Russia so it only starts repaying the loan once the two reactors begin supplying power, a Hungarian minister said, after an EU review of the plans contributed to delays in the project.
The existing 2 Gigawatt Paks plant, which accounts for half of Hungary's power capacity and meets a third of consumption, started up in the 1980s and will be decommissioned in the 2030s.
Prague - The Greens did not manage to pass the 5 percent threshold in the late May legislative elections, which means there is virtually no opposition in the Lower Chamber of the Czech Parliament against plans on nuclear energy build-ups in the Czech Republic.
This means that the center-right coalition can easily implement its nuclear energy program, which includes building new reactors in the Temelín nuclear plant and modernizing the Dukovany nuclear plant.
OLKILUOTO, Finland — As the Obama administration tries to steer America toward cleaner sources of energy, it would do well to consider the cautionary tale of this new-generation nuclear reactor site.
The massive power plant under construction on muddy terrain on this Finnish island was supposed to be the showpiece of a nuclear renaissance. The most powerful reactor ever built, its modular design was supposed to make it faster and cheaper to build. And it was supposed to be safer, too.
Platts - The US, France and Japan are working to put international mechanisms into place to help finance construction of nuclear power plants in the US and elsewhere, government officials and financial analysts said this month.
Two principal targets are international financial institutions, such as the World Bank, and national export credit agencies, the sources said.
World uranium production at the end of 2006 was 39,603 tonnes, meeting only 60% of world nuclear reactor requirements, the Organization for Economic Cooperation and Development's Nuclear Energy Agency said in a biannual report released Tuesday.
