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Nuclear Power

 

Utilities say Westinghouse loan puts their reactor construction at risk

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WILMINGTON, Del The owners of one of the first new U.S. nuclear power plants in decades said the half-finished reactors might not be completed without changes to a proposed $800 million (624.3 million pounds) loan to the bankrupt builder, Westinghouse Electric Co LLC.

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Japan reconstruction minister quits after inappropriate comment on disaster zone 26 Apr 2017

TOKYO The Japanese cabinet minister overseeing reconstruction of areas devastated by the 2011 tsunami and Fukushima nuclear disaster resigned on Wednesday after saying it was better the disaster struck the northeastern region instead of Tokyo.

Chinese, Iranian firms to sign first nuclear plant redesign contracts 20 Apr 2017

BEIJING Companies from China and Iran will this weekend sign the first commercial contracts to redesign an Iranian nuclear plant as part of an international deal reached in 2015 over Iran's nuclear programme, China's Foreign Ministry said on Thursday.

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South Korea coal, nuclear power targeted for cuts by presidential candidates 12 Apr 2017

SEOUL No matter who is elected as South Korea's new leader next month it is clear that coal and nuclear power generation will likely be scaled back, with most of the candidates laying out plans on Wednesday to address public concerns over pollution and safety.

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Toshiba fired Westinghouse chairman two days before bankruptcy filing 06 Apr 2017

TOKYO Toshiba Corp sacked Westinghouse Electric Co's chairman two days before the U.S. nuclear engineering subsidiary filed for bankruptcy protection last week, as the Japanese firm tries to draw a line under the travails of a business that has cost it billions of dollars.

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French government urges EDF to close aging nuclear plant as decision looms 05 Apr 2017

PARIS French Energy Minister Segolene Royal warned EDF's board on Wednesday against trying to prevent the closure of France's oldest nuclear plant, as a long-running conflict between the state-controlled utility and the government comes to a head.

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Korea's KEPCO cautious as Britain hunts partner for crucial nuclear project - sources 05 Apr 2017

SEOUL As Britain steps up the hunt for a new partner for a stalled nuclear power project, South Korea's KEPCO remains the most likely suitor, but two people with direct knowledge of the matter said the giant utility won't be rushed to the altar.

Investors bottom fish municipal bonds tied to Westinghouse bankruptcy 30 Mar 2017

NEW YORK The sell-off of municipal bonds tied to the bankruptcy filing of Westinghouse Electric Co paused on Thursday as investors reconsidered concerns on the likelihood that construction of four U.S. nuclear power plants hit by billions in cost overruns will be completed.

U.S. nuclear reactors that were cancelled after construction began 29 Mar 2017

If utilities in Georgia or South Carolina decide not to complete nuclear power reactors under construction by Westinghouse Electric Co following its bankruptcy, those units would join a long list of abandoned U.S. nuclear projects.

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Exclusive: Westinghouse's clients gear up for bankruptcy fight - sources 23 Mar 2017

The U.S. utilities that are clients of Toshiba Corp's nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.