Georgia Power will continue construction work at the nuclear plant

17/05/2017 13:02 Nuclear


Southern Nuclear and Georgia Power will take in charge the construction management of the Vogtle nuclear plant from bankrupt developer Westinghouse, according to a new service accord.

The deal prolongs an interim agreement until the 3rd of June while the firms obtain approvals to handover project management.


Westinghouse Electric, the US division of Toshiba, was the contractor and designer of the project and it was declared bankrupt this March.


Georgia Power mentioned that it will do everything in its competence to make Westinghouse and Toshiba responsible for their financial obligations.


Georgia Power made the announcement an hour before the agreement was due for expiration. The deal was extended on April 28. At present, the company has a 46% stake in the project.


Georgia Power says to have made an investment of billions of dollars, while thousands of jobs are at stake and project is three years late and $3 billion over its initial budget. The final cost of the project continues to be unknown and the final figure might be announced by the end of this summer.


Co-owners including Oglethorpe Power, MEAG Power and Dalton Utilities and the Georgia Public Service Commission will continue to work with the project in order to complete it.

Hungary’s renewable support scheme gains EU favour

13/07/2017 10:00:00

The European Commission has approved Hungary’s green energy support scheme, which has a budget of €146 million and will give assistance to renewable energy projects.


Coal mining companies struggle to deal with carbon emissions

13/07/2017 08:55:00

The new report from the Transition Pathway Initiative (TPI) concluded that many coal mining companies find themselves having a hard time keeping their businesses up to par due to climate change and rising levels of carbon emissions.


100 multinationals set 100% green energy target

12/07/2017 13:12:00

More than 100 multinational companies have committed to generating 100% of their energy from sustainable resources in the RE100 initiative.