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2018-03-14 11:10:00

NUCLEAR FUEL FOR EUROPE

NUCLEAR FUEL FOR EUROPE

WNNA consortium led by Westinghouse Electric Company has completed an EU-funded project aimed at diversifying the supply of fuel to Russian-built VVER-440 reactors in Europe.

Westinghouse has been leading the project - known as European Supply of Safe Nuclear Fuel (ESSANUF) since September 2015. Its partners include: Slovak nuclear power plant research institute VUJE; NucleoCon of Slovakia; ÚJV Řež of the Czech Republic; Finland's Lappeenranta University of Technology; National Nuclear Laboratory (NNL) of the UK; Ukraine's National Science Centre Kharkov Institute of Physics and Technology; the Institute for Transuranium Elements of the Joint Research Centre of the European Commission (JRC-ITU); and Enusa Industrias Avanzadas of Spain.

Westinghouse, Enusa and NNL have previously worked together to develop, license and manufacture Westinghouse VVER-440 fuel for the Loviisa nuclear power plant in Finland.

The ESSANUF project was funded by the European Union's Euratom Research and Training Programme (2014-2018), which forms part of the EU's Horizon 2020 research and innovation programme.

In May 2017, the consortium approved the conceptual fuel design for the VVER-440 assemblies, which is an enhanced version of the fuel delivered to Loviisa plant from 2001-2007.

Westinghouse said yesterday the consortium has now developed a conceptual fuel design and determined how the manufacturing and supply chain can be re-established to fabricate and transport VVER-440 fuel assemblies. The consortium has also set up and verified the associated methods and methodology to be applied for the licensing and use of a new fuel design.

Aziz Dag, Westinghouse's vice president and managing director for Northern Europe, said: "This project has prepared us very well for manufacturing and delivery of VVER-440 fuel to European utilities, and thereby created a viable alternative to today's single source of fuel supply. Many of the countries in Eastern Europe rely heavily on nuclear energy, and strengthening their energy security is therefore strategically very important."

Five EU member states, Bulgaria, the Czech Republic, Finland, Hungary and Slovakia, operate Russian reactors - four VVER-1000 and 14 VVER-440 type units - and are currently 100% dependent on Russia for nuclear fuel supply. These reactors provide up to 52% of the electricity supply in the member states concerned.

Westinghouse has fuel fabrication facilities in Sweden and the UK. Apart from Rosatom's fuel manufacturing subsidiary TVEL, Westinghouse is the only other fuel manufacturer for VVER-type reactors.

Westinghouse has been supplying VVER-1000 fuel to Ukraine since 2005, when the first lead test assemblies were delivered to unit 3 of the South Ukraine nuclear power plant.

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Earlier:

 Nuclear
2018, March, 9, 13:10:00

NUCLEAR ENERGY WILL UP

WNN - Nuclear energy has faced serious challenges in recent years because of several factors: competition from low gas prices, subsidised renewables and slow growth in electricity demand in certain markets. But because of several powerful forces we are seeing signs that this year nuclear energy will come roaring back.

 

 Nuclear
2018, January, 24, 11:40:00

EU NUCLEAR POWER - 2017

WNA -The EU is the largest energy importer in the world, importing 53% of its energy, at an annual cost of around €400 billion.

 

 Nuclear
2018, January, 22, 08:20:00

RUSSIAN NUCLEAR POWER - 2017

WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.

 

 Nuclear
2018, January, 19, 12:05:00

TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

 

 Nuclear
2018, January, 5, 23:30:00

BROOKFIELD BUYS WESTINGHOUSE: $4.6 BLN

WNN - Brookfield highlighted Westinghouse's "strong market position" as the "largest service provider" to the world's nuclear facilities; its well-established global base of long-term customers; its "attractive" revenue and cash flow profile, with regularly scheduled services provided under long-term contracts; and its "strong reputation", driven by focus on innovation.

 

 Nuclear
2017, December, 15, 12:55:00

NUCLEAR - 2050: 25%

WNN - According to the Foratom statement, World Nuclear Association Director General Agneta Rising said: "By 2050, nuclear energy must account for 25% of energy generation if we are to meet our climate targets. With nuclear making up 11% of generation in 2014, an extra 1000 GWe in nuclear capacity will need to be built by 2050. However, meeting this goal will not be easy."

 

 

 

 

Tags: NUCLEAR, FUEL, EUROPE, RUSSIA, WESTINGHOUSE

Chronicle:

NUCLEAR FUEL FOR EUROPE
2018, June, 18, 14:00:00

U.S. IS BETTER

IMF - Within the next few years, the U.S. economy is expected to enter its longest expansion in recorded history. The Tax Cuts and Jobs Act and the approved increase in spending are providing a significant boost to the economy. We forecast growth of close to 3 percent this year but falling from that level over the medium-term. In my discussions with Secretary Mnuchin he was clear that he regards our medium-term outlook as too pessimistic. Frankly, I hope he is right. That would be good for both the U.S. and the world economy.

NUCLEAR FUEL FOR EUROPE
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

NUCLEAR FUEL FOR EUROPE
2018, June, 18, 13:50:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2017) average.

NUCLEAR FUEL FOR EUROPE
2018, June, 18, 13:45:00

SOUTH AFRICA: NO BENEFITS

IMF - South Africa’s potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors—agribusiness, mining, manufacturing, and services—have capacity for expansion. Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.

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