UK authorization for China-built nuclear reactor will take 5 years

16/01/2017 10:33 Electricity Market


British nuclear regulators are likely to take five years to finalize the approval process for the construction of China's third-generation "Hualong One" reactor in Britain, the China General Nuclear Corporation (CGN) declared on Friday.

The British government requested to regulators to begin the approval process this week for the suggested nuclear station at the Bradwell site in Essex, likely to be one of the first new UK plants in decades. CGN, along with its associate France's EDF, is looking for permission from London to use its homegrown Hualong One advanced reactor technology for the project, also known as HPR-1000. The plant's "generic design assessment" will be based on unit three of CGN's Fangchenggang nuclear project in southwest China, which is presently under construction, as announced by CGN in a statement posted on the website of China's state asset regulator. EDF is currently constructing the $24 billion Hinkley Point C nuclear reactor in southwest England after the project was authorized by Britain last September. CGN decided to offer a third of the investment in the Hinkley Point C project on the understanding that the move would aid it obtain future projects in Britain. China's first Hualong One unit is likely to be accomplished by 2020 at the Fuqing nuclear project in Fujian province on the southeast coast and is being built by CGN's competitor, the China National Nuclear Corporation (CNNC). China is now in the middle of a huge reactor-building expansion that will see the total domestic capacity increase to 58 gigawatts by the end of 2020. It also targets to turn into a leading global actor in the nuclear sector and has already inked accords to build reactors abroad, including in Argentina and Romania.

EU power prices could drop 40% on recession – Thema

30/03/2020 10:41:00

Continental European power prices could fall by up to 40% to EUR 20-25/MWh on average next year should efforts to curb the coronavirus cause a global recession, said Oslo-based consultancy Thema.


LNG suppliers flood market with excess spot cargoes as demand shrinks

30/03/2020 10:35:00

Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.


World adds 60.4 GW of wind in 2019

27/03/2020 10:29:00

The world installed 60.4 GW of wind power capacity in 2019, of which 70% in China, the US, the UK, India and Spain, the latest Global Wind Report by the Global Wind Energy Council (GWEC) reveals.