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 (17.09.2019): Oil prices jumped by nearly 15% following the attacks on Saudi oil facilities

17/09/2019 11:00:00

Crude oil prices posted its biggest daily gain in over 30 years, following the attack on Aramco crude facilities which led to a in cut Saudi Arabia’s production and intensified concerns of retaliation in the Middle East. According to the news, Aramco may take months to resume normal output volumes. As a result, Brent crude surged by 14.7% to $69.02 a barrel, while WTI futures hiked by 14.6% to $62.90 a barrel.

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Belgian capacity market will lead to oversupply – Anode

17/09/2019 09:25:00

Belgium’s plans to launch a capacity market could lead to an oversupplied system, which will hurt profitability for new and existing power plants, said Anode Energie portfolio manager Kris Voorspools.

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Ofgem gives conditional nod to 220-MW Scottish interconnector plan

17/09/2019 09:19:00

UK energy regulator Ofgem said today it has given the thumbs-up to the construction of a 220-MW high-voltage transmission line that will connect the Orkney Islands with the Scottish mainland.

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