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CIVIL NUCLEAR
Britain, EDF strike deal on nuclear project: source
by Staff Writers
Paris (AFP) Oct 17, 2013


The British government and French energy giant EDF have agreed on a deal to build two latest generation nuclear reactors in Britain, an informed French source said on Thursday.

Chinese nuclear firms CGNPC and CNNC will also be involved, the source said.

A formal agreement could follow on Monday, the source said.

French energy firm Areva will provide the two EPRs or European Pressurized Reactors, the source said, adding that Areva would hold 10 percent take in the project.

The agreed guaranteed price for the electricity provided was 92.5 pounds (109 euros, $148) per megawatt hour.

According to the source, this is nearly twice the prevailing rate in Britain.

British Energy Minister Ed Davey said over the weekend that London was "extremely close" to sealing a deal with EDF for the first new nuclear power station to be built in the country since 1995.

Negotiations between London and EDF have been dragging for months over the financial terms to build a new nuclear plant at Hinkley Point in Somerset.

They have focused on trying to fix a minimum price for the power supplied as part of a new British policy to reward the production of energy with low carbon emissions.

Britain claims to be the world's oldest civil nuclear power, citing the opening of the first commercial nuclear power facility at Calder Hall in 1956.

Britain's energy ministry, EDF and Areva all declined comment when contacted by AFP.

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






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CIVIL NUCLEAR
Mitsubishi says to defend $4bn claim over US nuke plant
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Japan's Mitsubishi Heavy Industries said Thursday it would defend itself against a $4 billion damages claim in the US over a shuttered nuclear power plant amid allegations of faulty equipment. Southern California Edison (SCE) and its subsidiary Edison Material Supply are asking for arbitration over the claim against Mitsubishi and its wholly-owned US subsidiary Mitsubishi Nuclear Energy Syst ... read more


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