Subscribe free to our newsletters via your
. Military Space News .




CIVIL NUCLEAR
Japan's Toshiba to buy 60% stake in British nuclear firm
by Staff Writers
Tokyo (AFP) Jan 15, 2014


Japan's Toshiba said Wednesday it would buy a controlling interest in British nuclear firm NuGeneration as it tries to rekindle an atomic business hammered by the 2011 Fukushima crisis.

The engineering giant said it had reached a deal with NuGeneration's owners -- France's GDF Suez and Spain's Iberdrola -- to take a 60 percent stake in the firm, which plans to build nuclear power plants in northwest England.

The purchase was worth about 102 million pounds ($167 million), but it was "subject to adjustment", Toshiba said without elaborating.

Toshiba's Tokyo-listed shares jumped 4.54 percent to 483 yen in early afternoon trading.

After closing the deal, expected in the first half of the year, Toshiba will hold the majority stake in the British firm, while GDF Suez will own 40 percent. The French and Spanish firms each currently hold a 50 percent share of NuGen.

"Toshiba, in collaboration with its group company, Westinghouse Electric...intends to move forward with the construction of three (pressurised water) nuclear reactors (in England) in partnership with GDF Suez," it said in a statement.

Toshiba boosted its interest in US-based Westinghouse last year as it eyes nuclear opportunities outside disaster-struck Japan.

Rival Hitachi said in 2012 it would buy British power firm Horizon to expand its business overseas.

Japan's nuclear stations have been shut down since 2011, when reactors at the Fukushima power plant were sent into meltdown after being hit by an earthquake-sparked tsunami, causing the world's worst atomic accident in a generation.

It also decimated demand for new atomic plants in Japan.

Japan's pro-nuclear Prime Minister Shinzo Abe has been pushing a drive to sign atomic contracts abroad.

Last year, Japan and Turkey agreed along-awaited deal to build a sprawling nuclear power plant on Turkey's Black Sea coast, marking the first order for Japan's atomic sector since the 2011 crisis.

.


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




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CIVIL NUCLEAR
Fukushima operator paid way over odds on procurement
Tokyo (AFP) Jan 10, 2014
The operator of Japan's crippled Fukushima nuclear plant has paid way over the odds to contractors, a company spokesman said Friday, vowing to boost cost-controls at the taxpayer-subsidised firm. An internal probe looking at how contracts worth 1 trillion yen ($10 billion) were awarded has found the company routinely paid a lot more than the going rate because prices were inflated by layers ... read more


CIVIL NUCLEAR
Israel moves closer to anti-missile shield with Arrow 3 test

Satellite of Russia's early warning constellation burns down in atmosphere

Raytheon begins building 12th AN/TPY-2 ballistic missile defense radar

SBIRS Geo-2 Missile Defense Early Warning Satellite Certified For Operation

CIVIL NUCLEAR
Israel successfully tests Arrow space missile interceptor

Israel, US carry out missile test during Kerry visit

Raytheon awarded $80.5 million from US Navy for Joint Standoff Weapon

Missiles fired from Lebanon trigger Israel shelling: army

CIVIL NUCLEAR
UAS Test Site Selection Good News for NASA Langley, Wallops

US names drone testing sites

FAA announces locations for future drone testing sites

US drone strike kills three in northwest Pakistan

CIVIL NUCLEAR
Rocket Rokot brings 3 Russian military-purpose satellites on orbit

US Air Force selects Raytheon's high-bandwidth satellite terminal for secure, protected communications

Military Communication Improved as 6th Boeing-built Wideband Satellite Enters Service

Radio Gateway Connects US and Allied Troops to a Common Mobile Network

CIVIL NUCLEAR
Raytheon awarded $12.9 million Cooperative Engagement Capability contract

Boeing Delivers Final Focused Lethality Munition to USAF

US Army Awards Raytheon contract for Excalibur Ib

Russia's Kalashnikov, designer of AK-47, dies

CIVIL NUCLEAR
Hollande drives for arms deals in Persian Gulf as U.S. power wanes

Outgoing German defence minister in parting shot at France, Britain

Aborted defence deal underlines India's procurement problem

Nexter calls for bidding expense reimbursement

CIVIL NUCLEAR
France, Japan vow to strengthen defence ties amid China spat

China calls for 'warning' to Japan over war tribute

Critical Gates memoir rocks Obama administration

Outside View: Three New Year's wishes

CIVIL NUCLEAR
Extraordinary sensors pushed to their boundaries

Understanding secondary light emissions by plasmonic nanostructures

No nano-dust danger from facade paint

Discovery at nanoscale has major implications for manufacturers




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal 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. 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. Privacy Statement