Rosatom postpones fast reactor project, report says

14/08/2019 08:48 Nuclear

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Rosenergoatom, the nuclear power plant operator subsidiary of Russian state nuclear corporation Rosatom is expected to receive about RUB280 billion (USD4 billion) less in state funding for the construction of new nuclear reactors in Russia owing to the postponement of its fast neutron reactor programme, Russian newspaper Kommersant reported last week, citing anonymous sources.

Rosatom's investment plan received preliminary approval during a meeting in the Russian Energy Ministry on 2 August with funding out to 2035 to total RUB880 billion and not the RUB1.16 trillion Rosatom had allocated for the two new VVER-1200 units under construction for the Kursk II project, units 3 and 4 for the Leningrad II project and a BN-1200 fast reactor at Beloyarsk. Commissioning of the BN-1200 has been postponed to 2036, the article said, from the previous target of 2027.

 

Financing to pay for the new units will be paid back over 20 years, with an average rate of return on investment of 10.5% per year, the article said. Rosatom is prepared to consider a lower rate of return, it added.

Source: world-nuclear-news.org

Daily (13.11.2019): British spot gas price spiked by 6.5% on Tuesday on higher gas-for-power demand

13/11/2019 11:31:00

Oil prices nudged down on Tuesday on no new details after Donald Trump’s speech about the China-U.S. trade negotiations Meanwhile, concerns regarding slower economic growth and weaker oil demand still kept prices under pressure. Brent crude fell by 0.2% to $62.06 a barrel, while WTI futures edged 0.1% lower at $56.80 a barrel.

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France's EDF says no damage found so far at Cruas nuclear plant after earthquake

13/11/2019 09:08:00

Checks carried out by French utility EDF at its Cruas nuclear power plant have revealed no anomalies so far, a company executive said on Tuesday, after it extended outages at three of the facility’s reactors until Nov. 15.

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E.ON to purchase 3TWh of clean energy annually from RWE Renewables

13/11/2019 09:05:00

Global energy company E.ON has signed an agreement to purchase clean energy from RWE Renewables’ British windfarms.

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