EDF Energy to expand lifetime of UK Dungeness B nuclear plant to 2028

21/01/2015 00:38


EDF Energy declared on Tuesday it will expand the lifetime of its Dungeness B nuclear electricity plant in Britain to 2028, subsequent to the authorization of the UK nuclear regulator.

The expansion at Dungeness B is part of a larger EDF Energy strategy to extend the lives of its eight nuclear electricity stations in Britain until at least 2023, when the utility intends to open a new nuclear station at Hinkley Point in Somerset. Every 10 years, nuclear operators should present an intermittent safety evaluation to the nuclear regulator, which then makes a decision if a station is secure to operate for the additional time needed. Extensions also usually denote that firms can benefit from cheap generating costs, after having regained the important capital costs of constructing a plant years before. Building new nuclear plants to restore those being closed down is also expensive. EDF Energy's intended 3.2 GW Hinkley Point C plant is likely to cost approximately 16 billion pounds.

Daily (30.07.2020): European CO2 prices rebounded by nearly 2% on Wednesday tracking a stronger auction in Poland.

30/07/2020 13:19:00

Crude oil prices inched higher on Wednesday, following an unexpected drop in US crude inventories. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.


Eneco, Shell win Dutch offshore wind tender with 759-MW project

30/07/2020 10:56:00

A joint venture between Dutch utility Eneco and oil and gas major Royal Dutch Shell Plc has won the tender for the third zero-subsidy offshore wind farm in the Dutch North Sea, to be built in the Hollandse Kust Noord zone.


Assembly of world’s largest nuclear fusion reactor begins in France

30/07/2020 10:49:00

A total of 35 nations are currently collaborating to build tokamak, a magnetic fusion device, which aims to demonstrate the real potential of fusion as a large scale carbon-free source of energy