Tokyo Electric Power Co.'s (Tepco) decision to scrap reactors 1-4 at the crippled nuclear power station in Fukushima Prefecture means the power utility will possibly have to shoulder a colossal 400 billion yen ($4.76 billion) to decommission the reactors, and several trillion yen in compensation.
Utilising what is being termed 'fourth-generation technology', construction on the “world’s first high-temperature, gas-cooled reactor” will start next month in the coastal Chinese city of Rongcheng in Shandong Province, according to Cui Shaozhang, deputy manager at Huaneng Nuclear Power Development Co (HNPD).
The crisis at the Fukushima plant in Japan could delay plans for a new generation of British nuclear power stations, dealing a blow to the atomic sector's hopes for a £30-billion boost.
Britain's nuclear power plants are to be checked to ensure they can withstand sudden flooding and torrential storms, the UK Energy Secretary, Chris Huhne, has said.
The State Duma lower house of the Russian parliament believes that the damage at the Japanese nuclear power plants caused by the devastating earthquake on March 11, will not have a negative influence on the development of world nuclear power generation, it has been reported.
Spain's Iberdrola SA has reported that its fourth-quarter net profit rose 0.8 per cent on higher power generation in Spain and bigger profits from the power utility's international operations.
Amman and Ankara are set to usher in a new era of energy cooperation between Turkey and Jordan, with the signing of a nuclear cooperation agreement.
Dong Energy A/S, Denmark’s biggest utility, has inaugurated its first power station in the UK, the gas fired Severn Power station at Uskmouth in south Wales.
UK energy regulator Ofgem has announced a £95 million upgrade of Scotland’s high voltage grid.
Emerson has acquired Pittsburgh-based Turbine Control Service Associates Inc., an independent provider of generator excitation control systems for power plants. The acquisition “expands the breadth and depth of Emerson Process Management’s product portfolio for the global power generation market,” the company said.