Canadian Nuclear industry welcomes OPG-Westinghouse agreement
The Canadian Nuclear Association (CNA) today welcomed the announcement of a service agreement between Canadian Nuclear Partners and Westinghouse Electric Company.
“In choosing to work together, these leaders in innovation will reinforce the nuclear industry’s contributions to Canada’s knowledge economy,” said Dr. John Barrett, CNA President and CEO.
“They clearly see that Canadian nuclear technology offers great potential to a world that seeks both energy security and low-carbon power generation.”
Canadian Nuclear Partners, a subsidiary of Ontario Power Generation Inc., and Westinghouse yesterday announced an agreement to work together on a wide range of global nuclear projects.
The companies indicated a shared interest in refurbishment, maintenance and outage services, decommissioning and remediation of existing nuclear power plants, and new nuclear power plants.
Nuclear-generated electricity offers significant potential to reduce greenhouse gas emissions that drive climate change.
According to the Intergovernmental Panel on Climate Change, nuclear energy closely matches wind-based and hydroelectric power generation as a low-carbon source of electricity.
Nuclear, hydro and wind all significantly outperform solar energy and the fossil fuels, such as coal, oil and natural gas.
Dr. Barrett added: “We are inevitably moving toward a much-reduced carbon economy. Through innovation, and through access to the global marketplace, the Canadian nuclear industry will help to mitigate the challenge of climate change while providing power that is safe, reliable and affordable.”
The CNA represents 30,000 Canadian men and women who mine uranium, design and service reactors, fabricate fuel, generate electricity, advance nuclear medicine, support next-generation manufacturing, and export Canadian scientific and technological expertise.
Source: Canadian Nuclear Association
Toshiba stake in UK new-build
Iberdrola has agreed to sell its 50% stake in the UK’s NuGeneration (NuGen) consortium to Toshiba for £85 million ($139 million). NuGen is the would-be developer of the proposed Moorside nuclear power plant.
(Image: Westinghouse)Spanish company Iberdrola has notified Spain’s National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV) of its 21 December agreement to transfer its shareholding in Belgian company NNB Development Company SA, which is itself the owner of the entire capital of NuGen, to Toshiba Corporation of Japan.The move is described as part of Iberdrola’s strategy of “divesting from non-strategic businesses”. The transaction is subject to obtaining the relevant authorisations and consents, the extension of an option to purchase land for the project, and the release of project-related guarantees granted by Iberdrola.NuGen was originally owned 37.5% each by Iberdrola and GDF Suez of Belgium, and 25% by Scottish & Southern Energy (SSE), with Iberbrolda and GDF Suez becoming 50:50 owners after SSE decided to withdraw from the project in 2011. The consortium has an purchased an option on the 190 hectare site to the north of the Sellafield complex from the UK’s Nuclear Decommissioning Agency in 2009. The plot of land and the plant project are called Moorside.
Moorside is one of five proposed sites for nuclear new build in the UK, alongside EDF’s Hinkley Point C and Sizewell C and Horizon’s Wylfa Newydd and Oldbury B sites. If built, Moorside is likely to comprise up to three Westinghouse-designed AP1000 pressurized water reactors. Toshiba is majority owner of the US-based reactor vendor.
Eight AP1000s are under construction in China and the USA, and the reactor is in the final stages of generic design assessment (GDA) by UK regulators. The GDA forms part of the approval process for new reactor projects in the UK, allowing regulators to assess the safety, security and environmental implications of new reactor designs separately from applications to build them at specific sites. To complete the process the AP1000 needs a customer and a specific site for certain engineering details.
The EPR has already completed the GDA process, receiving a Design Acceptance Confirmation and Statement of Design Acceptability in December 2012, while a GDA was started for Hitachi-GE’s ABWR in April 2013. EDF plans to build two Areva-designed EPR pressurized water reactors each at Hinkley Point C and Sizewell C, while Horizon’s proposals feature Hitachi-GE Advanced Boiling Water Reactor (ABWRs).
The involvement of Toshiba in NuGen would mean that all UK nuclear new build projects feature part or full ownership by a reactor vendor. Areva will take a 10% stake in Hinkley Point C, while Hitachi owns Horizon.
Source: World Nuclear News
Chinese Firms, Westinghouse Headed Toward More Nuclear Supply Chain Cooperation and Joint Projects
The Financial Times and other outlets also quoted Moniz as saying Westinghouse, SNPTC and China National Nuclear Corp. might bid on a project to build new reactors in Britain. The companies would likely compete with EDF and China General Nuclear Power, which recently reached an agreement to build new units at Hinkley Point.
Moniz’s visit coincided with the start of construction at the Center of Excellence on Nuclear Security, a joint project by the Chinese government and the U.S. National Nuclear Security Administration to help train operators to safely run China’s new nuclear plants. The country has some 30 reactors under construction. Among them are the world’s first Westinghouse AP1000 units. Moniz said the AP1000s under construction at Plant Vogtle and V.C. Summer and those in China use technology that is “fundamentally the same,” and their supply chains will be implemented in both countries.