Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Nuclear Energy News .




CIVIL NUCLEAR
Wales nuke plant loses key foreign bidders
by Staff Writers
London (UPI) Oct 5, 2012


disclaimer: image is for illustration purposes only

A planned nuclear power project touted as important to Britain's energy future was dealt a blow this week when French and Chinese investors pulled out.

The French engineering group Areva confirmed Wednesday it has dropped negotiations with Horizon Nuclear Power, a joint venture set up in 2009 to replace the existing twin, 40-year-old nuclear reactors at Wylfa on the Welsh island of Anglesey in a $13 billion effort.

The plant, which features obsolete Magnox-type reactors, is to be decommissioned by 2014.

Horizon's partners, German energy companies E.ON and RWE, put their license up for sale in March, seeking new investors to move forward with the plans. They said then the move was prompted by the global economic crisis as well as Germany's decision to phase out nuclear power in the aftermath of the Fukushima accident in Japan.

Areva had worked with the state-owned China Guangdong Nuclear Power Group in preparing a bid to buy Horizon but the consortium revealed Wednesday it decided not to submit the proposal before last week's deadline.

"I can now tell you that Areva and CGNPC have suspended their interest in the planned sale of Horizon Nuclear Power and did not submit a bid," an Areva spokeswoman told the broadcaster.

Two other bids are believed still on the table -- one from the U.S. engineering group Westinghouse and another led by Hitachi of Japan.

But the pullout of Areva, which boasted the most advanced design with its European Pressurized Reactor-style reactor and deep-pocketed Chinese backers, was seen as a blow to Britain's "private-finance only" policy for a new generation of nuclear plants, the BBC said.

The Welsh government declined to comment directly on the move, saying only, "The sale of Horizon is a commercial process which is being led by the current owners and their sales advisors Nomura."

But Westminster last month touted the potential of foreign backers creating nuclear energy jobs in Wales, deeming Wylfa "a vitally important piece of national infrastructure" and tabbing it as one of its chief infrastructure priorities.

New Secretary of State for Wales David Jones -- given the job by Prime Minister David Cameron last month in his first major Cabinet reshuffle -- said there was "strong overseas interest" in the Wylfa station, expressing confidence that plans for a replacement would go ahead, The Western Mail reported.

"There are a number of interested parties who have personally assured me that their intention is very serious," he said before a trip to Anglesey, adding, "You'll certainly find there's a strong interest from overseas. There are a number of overseas companies and entities interested in it."

But interest on the part Chinese financial backers has in fact now waned, The Guardian reported.

"The Chinese could not get the commitments they were looking for from the British government," an unnamed source told the newspaper, adding the problems were technological ones rather than political.

That Chinese skittishness has also extended to Westinghouse's potential consortium, where the state-owned China National Nuclear Power Corporation has also withdrawn, the report said.

.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CIVIL NUCLEAR
Restricting nuclear power has little effect on the cost of climate policies
Potsdam, Germany (SPX) Oct 05, 2012
"Questions have been raised if restricting nuclear energy - an option considered by some countries after the accident in Fukushima, Japan - combined with climate policies might get extremely expensive. Our study is a first assessment of the consequences of a broad range of combinations of climate and nuclear policies," lead author Nico Bauer says. Restrictions on nuclear power could be pol ... read more


CIVIL NUCLEAR
Turd-eating worms clear air around Canadian toilets

Napiergrass: A Potential Biofuel Crop for the Sunny Southeast

Most biofuels are not green

New Uses for Old Tools Could Boost Biodiesel Output

CIVIL NUCLEAR
Eclipsall Solar PV Panels Featured in Veridian Headquarters Rooftop Solar Array

Optimism Sets Tone As Solar Power International Makes First Visit to Southeast

New Manitoulin Island Hotel to be Powered by Eclipsall Solar PV Panels

Panasonic HIT Photovoltaic Cells Demonstrate High PID Resistance

CIVIL NUCLEAR
Bigger wind turbines make greener electricity

EU wind power capacity reaches 100GW

Lawsuit fights Obama ban on wind farm sale to Chinese

US bars China wind farm deal on security grounds

CIVIL NUCLEAR
Money: A New (Decentralized) Shade of Green

Energy New Front in Economic Warfare

Ireland Unlikely To Meet EU Energy Targets

French supermarket takes to water to cut carbon footprint

CIVIL NUCLEAR
Dutch court rejects Shell bid to ban Greenpeace protests

Thousands of Bombs Dumped in Gulf of Mexico Pose Huge Threat to Oil Rigs

Big Oil Funding US Politics

Western Riverside County's HERO Financing for Energy Efficiency Improvements

CIVIL NUCLEAR
The Magnetic Wakes of Pulsar Planets

Stagnant Interiors Suppress Chances of Life on Super-Earths

Meteors Might Add Methane to Exoplanet Atmospheres

Two 'hot Jupiters' found in star cluster: NASA

CIVIL NUCLEAR
Lockheed Martin-Led Team's Second Littoral Combat Ship Commissioned by US Navy

Brazil's sub project boosts local industry

China's Liaoning carrier enters service

Fueling the Fleet, Navy Looks to the Seas

CIVIL NUCLEAR
NASA rover checks in online from Mars

Russia, U.S. to send crew to ISS for year

From 'Bathurst Inlet' to 'Rocknest'

Gale Crater Set for Summer Heat Wave?




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement