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Tag: nuclear power
United Kingdom: We need new nuclear power to keep the lights on, says Ed Davey
2013-10-21 19:03:00| Climate Ark Climate Change & Global Warming Newsfeed
Independent: The Energy Secretary Ed Davey insisted that new nuclear power is essential to keep Britain's lights on as he unveiled a long-awaited agreement to build two more reactors at Hinkley Point - at a cost of 2bn more than previously announced. After months of wrangling, the government has agreed to guarantee the French utility EDF about twice the current market rate for the electricity produced at Hinkley Point C in Somerset. Known as the "strike price", Edf and its Chinese partners will receive...
Nuclear power deal shows Osborne's lack of faith in UK competence
2013-10-21 18:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: George Osborne used a trip to China last week to berate Britain for losing its entrepreneurial confidence and allowing a local nuclear industry to wither. Yet his own decision to subsidise state-owned Chinese and French companies to build and operate Hinkley Point C shows a huge lack of belief in UK competence, and arguably its private sector too. If the chancellor believes that offering a generating strike price at double the current cost of wholesale energy is a good deal all round then why...
United Kingdom: With nuclear power: truth is the first casualty
2013-10-21 17:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Ecologist: The Hinckley deal is a disastrous one for the UK, its taxpayers and energy users. We will be locked into a punitively high electricity price, index-linked, from 2025 until 2060, and the cumulative cost of this one nuclear power station will be well in excess of 100 billion, or around 1 billion per year in today's money. Nuclear power brings many casualties. The first of these is the truth. According to the Government, the "deal" announced with EDF and Chinese nuclear companies to build a pair...
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united kingdom
United Kingdom: Hinkley Point nuclear power station: a new type of nationalisation
2013-10-21 17:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Rejoice! Britain's first new nuclear power station in a generation is to be built at Hinkley Point in Somerset, and David Cameron could not be happier. "This is a very big day for our country," he said yesterday, "the first time we've built a new nuclear power station for a very long time." There is only one snag: "we" are not building it at all. Thanks to an amazingly cushy 35-year deal agreed with the government, the plant to be known as Hinkley C is the responsibility of a consortium largely...
Westinghouse clashes with Georgia Power over nuclear plant cost overruns
2013-10-21 10:34:39| Energy - Topix.net
The judge called it a "highly choreographed 'race-to-the-courthouse' " of immense consequence.
Tags: power
cost
georgia
plant
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