Commissioning of the unit 4 of Korean Shin Kori nuclear plant delayed

11/08/2017 10:02 Nuclear


The finalization of the unit 4 of the Shin Kori nuclear power plant has been postponed by ten months due to design enhancement and additional seismic assessment work. The operation of the plant is now expected to start in 2018.

The unit 4 of the nuclear plant underwent hydrostatic testing and hot functional testing in November 2015 and April 2016 respectively. Korea Hydro and Nuclear Power (KHNP) is planning on loading fuel into the reactor next January, and expects commercial operation to start in September.

The approval for the construction of the first pair of APR1400 reactors - Shin Kori 3 and 4 – has been given in 2006, even though the actual construction licence was not issued until April 2008.


Unit 3 was initially scheduled to enter commercial operation at the end of 2013, with unit 4 due to launch in September 2014. Nevertheless, their operation was deferred by the necessity to test safety-related control cabling and its subsequent replacement. Finally, Unit 3 was connected to the grid in January 2016 and entered commercial operation in December.


Two more units of the 1350 MWe pressurized water reactors are being currently developed as units 1 and 2 of the Shin Hanul site in South Korea, which are forecast to start operating in April 2018 and February 2019 respectively.

The energy market in the North of England might be threatened by a hard Brexit

16/08/2017 14:04:00

According to think tank IPPR North, the lack of a stable deal made on energy trade and the withdrawal from Euratom could have a negative impact on the North of England, its energy security and fuel prices in the events of a hard Brexit.


Daily (16.08.2017): Most of the UK wholesale gas prices slipped by 1-2% on Tuesday due to oversupplied system

16/08/2017 11:40:00

Oil prices decreased during the first half of Tuesday’s trading session as ample supply from OPEC and the U.S. combined with the signs of weaker demand in China encouraged investors to sell long positions bought in July during a period of rising prices. Meanwhile, a recent report of a dip in Libyan output and a surge in the U.S. dollar had supported Brent. Brent closed the session 7 cents higher at $50.80 a barrel, while WTI price fell by 0.08% to end at $47.55 a barrel.


Transocean to acquire competitor Songa Offshore for $1.1 billion

16/08/2017 11:31:00

One of the world’s biggest oil rig operator, Transocean, is about to acquire its Norwegian rival Songa Offshore. The acquisition will be carried out through shares and convertible bonds, all worth 9.1 billion crowns ($1.1 billion).