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

Britain to invest 90 million stg to cut emissions from homes, industry

19/02/2020 09:15:00

Britain will invest 90 million pounds ($117 million) on measures to cut carbon dioxide emissions from homes and industry, including two hydrogen plants, the government said on Tuesday.

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Daily (19.02.2020): NBP spot soared by 2.8% on Tuesday due to weak LNG supply

19/02/2020 09:22:00

Oil prices were almost unchanged on Tuesday in a market still concerned about the coronavirus epidemic and its economic consequences. Brent crude for April delivery rose by 8 cents, or 0.14%, to end at $57.75 per barrel. On the other side, WTI crude slipped by 0.5% to settle at $52.05 per barrel.

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Green light to Lundin for Barents Sea wildcat

19/02/2020 09:17:00

The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for a well in the Barents Sea offshore Norway.

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