. Military Space News .
CIVIL NUCLEAR
EDF finance chief quits over British nuclear power plant plan
by Staff Writers
Paris (AFP) March 6, 2016


Fincantieri delivers platform for nuclear reactor compartments
Trieste, Italy (UPI) Mar 4, 2016 - A semi-submersible floating platform has been delivered by Fincantieri to Russia's RosRAO for the transportation of nuclear submarine reactor compartments.

Construction of the Itarus, which was delivered to the Russians on Thursday at Fincantieri's shipyard in Muggiano, Italy, is the result of a 2003 deal between Italy and Russia for the decommissioning of nuclear submarines and the safe management of radioactive waste and nuclear fuel.

RosRAO is Russia's Federal State Unitary Enterprise for radioactive waste management.

Itarus will transport the decommissioned Russian Navy reactor compartments from a storage area of Sayda Bay, Russia, to a shipyard facing the Kola Peninsula in the Barents Sea. The vessel is more than 229 feet long, 95 feet long and has a deadweight capacity of 3,306 tons.

It will be manned by a crew of six, the Italian shipbuilder said.

The chief financial officer of French energy giant EDF, Thomas Piquemal, has resigned over a disagreement about an ambitious project to build Britain's first new nuclear power plant in decades, a source close to the matter told AFP on Sunday.

"The chief financial officer presented his resignation last week to Jean-Bernard Levy (CEO) because of a disagreement over Hinkley Point," the source said, confirming a Bloomberg report.

The dispute centred around "the short-term feasibility" of a plan to build two new reactors at Hinkley Point in Somerset, southwest England, the source told AFP.

According to the same source, Piquemal had not wanted to rush the project at a time when the company's union representatives are voicing increasing concern over the proposed plant's �18-billion ($25.8-billion, 23.6-million-euro) price tag.

EDF declined to comment when contacted by AFP.

The firm agreed in October to construct two European Pressurised Reactors (EPRs) at Hinkley Point, a third-generation nuclear reactor design, with the state-run China General Nuclear Power Corporation (CGN) taking a one-third stake.

But since then EDF has been putting off announcing a final investment decision on whether to go ahead with the plan, prompting speculation that the project could be delayed.

EDF said in a statement on Thursday that it was making "every effort" to reach a final investment decisions "in the near future".

Opponents have criticised the gigantic Hinkley Point scheme on strategic, environmental and technical grounds.

The British government says the plant is essential for meeting Britain's energy security, as most of the country's existing nuclear plants are due to close by 2023.

It said last month that "good progress" was being made.

French Economy Minister Emmanuel Macron earlier this week defended the Hinkley Point plan, calling it a "very good investment" for EDF.

EDF -- Electricite de France (EDF) -- is 84.5-percent owned by the French state. It is a major player in the British energy market through a subsidiary.

The company announced in January that it planned to cut five percent of its staff over the next three years -- meaning that some 3,500 jobs will go -- as it grapples to respond to increased competition and lower electricity prices.

The group said last month it was also slashing its dividend after unveiling sharply lower annual net profits of 1.19 billion euros, compared with 3.70 billion euros in 2014.

mpa/mfp/har

EDF - ELECTRICITE DE FRANCE


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
CIVIL NUCLEAR
Nuclear Waste Illegally Dumped in Kentucky Landfill
Washington (Sputnik) Mar 02, 2016
Radioactive drilling waste was illegally dumped at a landfill in Kentucky, according to state officials. Now, they're issuing warnings and investigating how the nuclear waste ended up at the dump site. State officials confirmed this week that low-level nuclear waste was illegally dumped at the Blue Ridge Landfill in Irvine, Ky., last year. The material came from rock and brine extracted in ... read more


CIVIL NUCLEAR
China Interfering in THAAD Deployment Decision Process Preposterous

Russian expert says THAAD deployment in S. Korea to raise regional tension

US missile system in S. Korea would hurt Seoul-Beijing ties: envoy

S. Korea dismisses China warning on US missile system

CIVIL NUCLEAR
Russia negotiating S-300 missile systems' supplies to Iran

Saudi says it intercepted Scud missile from Yemen

Saab, Indian firm in joint venture for missile programs

Saudi Patriot 'intercepts' Scud fired from Yemen capital

CIVIL NUCLEAR
New sensor payload capability available for Global Hawk

US failing to explain deadly drone policy: report

NASA Global Hawk Flies Pacific Storm Mission

Drone serves as both aircraft and submarine

CIVIL NUCLEAR
US Army Pacific exercise highlights joint communications for Pacific Theater

ViaSat tapped to provide tactical terminals for Apache helicopters

Harris wins place on military communications contract

General Dynamics MUOS-Manpack radio supports government testing of MUOS network

CIVIL NUCLEAR
Indian army makes candidates strip to foil cheating

Arsenal to produce lighter-weight mortar bipods

Rheinmetall upgrading Polish Army's Leopard 2 tanks

Milrem unveils unmanned ground vehicle at Singapore Airshow

CIVIL NUCLEAR
EU lawmakers urge Saudi arms embargo

Jacobs Engineering leads pilot procurement project

Finmeccanica, Panama end contract disputes

Australia unveils 'massive' increase in defence spending

CIVIL NUCLEAR
China to secure 'de facto' control of S. China Sea: US admiral

US presses Xi on South China Sea non-militarization

'Day will come' for woman to lead UN: UNDP boss Helen Clark

Beijing building radar in South China Sea: think tank

CIVIL NUCLEAR
Thermal measurements with nanometer resolution

Physicists promise a copper revolution in nanophotonics

Stretchable nano-devices towards smart contact lenses

New ways to construct contactless magnetic gears









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.