NewEnergyNews: NUCLEAR PROSPECTS

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • FRIDAY WORLD HEADLINE-Polls Show U.S. Still Split On Climate Change
  • FRIDAY WORLD HEADLINE-New Energy Offers $160 Trillion Opportunity
  • FRIDAY WORLD HEADLINE-World Energy Demand Doubled In 2018
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, April 18:

  • TTTA Thursday-Young Republican Breakaways To Fight Climate Change
  • TTTA Thursday-Storing More Energy Cheaper And Faster Than Batteries
  • TTTA Thursday-Power-To-Go With The Solar Suitcase
  • THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: Making the 'cold hard economic case' against coal
  • ORIGINAL REPORTING: Virtual contracts driving a boom in corporate renewables buys
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: The Cost Of Resilience
  • QUICK NEWS, April 16: Extinction Rebellion Joins The Climate Fight; Beating Climate Change With A New Energy Grid
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: The Way To Handle Wildfire Costs
  • QUICK NEWS, April 15: Climate Change’s “Extreme Pollen” Ups Allergy Struggles; Solar Breaking Through In The Southeast
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • WEEKEND VIDEOS, April 20-21:

  • Bill Maher’s New Climate Change Solution
  • Beyond Batteries
  • Professor Mark Jacobson On The Economics Of Carbon Capture

    Wednesday, December 27, 2006

    NUCLEAR PROSPECTS

    IMPLODING INVESTMENT RETURNS:

    More outages at British Energy's nuclear plants
    James Moore, 21 December 2006 (UK Independent)
    - Just as the market was beginning to think that British Energy was finally turning the corner, the company has come out and dashed everyone's hopes again after admitting yesterday that it faced a "worst case scenario" at two of its ageing nuclear power stations that will wipe £100m from its profits.

    - The troubled nuclear operator was forced to admit that units at its ageing Hunterston B and Hinkley Point power stations would not be back online until March of next year. That date represents the costliest of three possible scenarios…outlined…when it emerged that cracks were appearing in boiler pipes at the stations.
    - British Energy also revealed that further inspections had revealed a small number of defects on boiler tailpipes…
    - The upshot of all this is that the company will lose nine terrawatt hours of electricity output in the current financial year…
    - The shares responded by tumbling 35.5p to 538.25p as investors' hopes were brought back down to earth with a painful bump…
    - The two plants will still only be operating at 70 per cent efficiency when the work is completed. The company will then have to decide whether the most cost-effective option is to undertake further work…or whether simply to continue running them…

    - High energy prices bailed British Energy out when it reported last month, as production fell well short of targets…The company is hoping that it will be able to capitalise on the Government's controversial decision to "go nuclear" to help cut Britain's spiralling carbon emission levels, but the benefits are likely to be a long time in coming, and it is likely to take at least 10 years before any new plants are brought online. Most of British Energy's existing plants will have reached the end of their useful lives by 2023.

    YET STILL:

    Toshiba-Westinghouse Takes China Nuclear
    Kenji Hall, December 19, 2006 (Business Week)
    - Toshiba CEO Atsutoshi Nishida had little time to savor his victory in nabbing Westinghouse Electric. Within hours of the handover from British Nuclear Fuels in October, analysts were grilling Nishida about his plans for Westinghouse. Most of the comments criticized him for agreeing to a whopping $5.4 billion price for the 77% stake in Westinghouse and for his optimistic 17-year plan to recoup the investment.

    - But the Nishida-bashing may ease up a bit after Westinghouse's multibillion dollar deal in China. On Dec. 16, Westinghouse said it won a contract to build four 1,000 MW nuclear plants for China, edging out France's Areva, the world's biggest nuclear engineering outfit. The facilities are part of China's plan to supply energy to an industrializing beltway that runs along the coast…
    - Nuclear power accounted for less than 2% of the country's power supply last year…By 2020, China expects to spend $50 billion on more than 30 new reactors, adding to nine 1970s-era ones operating now and quadrupling power generation from nukes…

    - China would spend upwards of $8 billion. That's a huge coup for Toshiba…The Japanese company's expertise lies in boiling-water reactors…One reason Toshiba went after Westinghouse was to get at the Pittsburgh-based company's pressurized-water-reactor technology as a way of expanding business overseas…
    - By 2020, Toshiba expects 130 orders for new power stations worldwide, and estimates that the Westinghouse unit alone can win at least 20. In addition to the four in China, they're counting on 16 coming from the U.S…Toshiba is also hoping to ride a nuke buildup that's likely to gain speed in fast-growth economies such as India, Brazil, and Romania. Adding Westinghouse to its books could allow Toshiba to rake in nearly $6 billion in sales in the power-generation business by 2015, from around $3.4 billion…

    - Having both technologies has another benefit: It gives Toshiba more flexibility in bidding for jobs. As prices of natural gas, coal, and oil rise and calls for green energy sources grow louder, more countries are expected to view nuclear energy as an attractive option. Those countries won't likely want to depend too heavily on any one type since that could leave them at risk of a blackout if problems or defects surface…
    - Investors applauded news of the deal in China, nudging shares of Toshiba Plant, the nuclear unit that trades separately from the chipmaking and consumer-electronics giant, 3% higher in Tokyo trading on Dec. 18…
    - The truth is, Toshiba's earnings will likely benefit almost immediately from Westinghouse's business…While Toshiba won the first big gig in China, there's plenty to do in order to ensure it keeps the winning streak going.

    0 Comments:

    Post a Comment

    << Home