Saturday , October 16 2021

Toshiba withdrawal blocks three new nuclear reactors in the UK



Toshiba led the nuclear power plant in the United Kingdom. He's now dead. The Japanese decision to overcome the Nazan Subsidy completes the threats to build three AP1000 reactors in Sellfield, West Cumbria, Northwest England. One of the four "new nuclear" projects currently underway in the UK is dug up. This issue is crucial to the country. It will lose half the capacity of energy by 2025.

The Korean company, Kepco, replaced Toshiba in New Zealand, failing to find a common ground with Japan. A purchase of consortium will be complicated if any. Kepco warned of wanting to use their own technology. Permission to resume from the beginning of the project to resume.

Hitachi, EDF and CGN are competitions

The end of the Sellafield project will not affect the remaining three remaining assets in the UK. In these, the Project Project to French EDF Sizewell should be approved in January at a new stage of approval process, seeking a green light for construction. Ciswell will take over the technology of two EPRs at the Hingli Pointe. According to the EDF, construction costs will be reduced by 20%.

Simone Rossi, managing director of Isfaj's subsidiary Simon Rossi, said, "The decision to invest in 2021 by 2021 is to create a new project and reopen capabilities and improve costs.

The Japanese Hitachi project for building three boiling water reactors on Wylfa Newydd's Welsh site is a bit of improvement, slightly less technically. Finally, the Chinese CNG project at Broadwell (south-east of England) is very much less than the two other projects in association with EDF: The regulator should still give green light to the technology used-the next three years.

Each is a financing method

Financing for these different projects is an important issue. One thing is certain at this point: Everyone has their own logic. London (Margaret Thatcher, the privatization of energy, have made direct investments in the Hitachi project from the start, with other Japanese investors).

Nonetheless, direct investment is not intended for consumer and many deposit funds may be ready for funding. The British government wants to use a system called "Regulatory Asset Based", which prompts the financial price and ultimately the consumer price to encourage investors. Arbitration can be done at the beginning of 2019.

Alexandra Kaunis

Lecturer in London

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