Terrestrial Energy to collaborate with Dalton Nuclear Institute for nuclear reactor development
Canadian Terrestrial Energy formed an alliance with Dalton Nuclear Institute at the University of Manchester in UK to develop its Integral Molten Salt Reactor (IMSR).
The firm intends to accelerate work on the development in order to make it ready for the construction and licensing phase, which has been scheduled for early 2017.
The reactor represents a Generation IV nuclear reactor system, which can ensure high standards of nuclear safety, waste, proliferation and cost competitiveness.
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Laing O’Rourke selected preferred bidder for civil package UK’s Swansea Bay tidal project
UK-based construction firm Laing O’Rourke was been selected as preferred bidder to develop the turbine house and sluice gate structure for the power-generating £1bn tidal lagoon project in Swansea Bay.
The contract is worth £200m. It will involve delivery of a 410m turbine house and sluice structure block at the lagoon.
Arup will be co-ordinating with the firm for the design and engineering works for the project.
The firms are expected to source concrete, reinforcing and other materials for the construction locally.
Mitsubishi and Tepco JV to develop 2.4GW power and desalination plant in Qatar
Qatar General Electricity and Water Corporation (KAHRAMAA) selected K1 Energy, a consortium between Japanese company Mitsubishi and Tokyo Electric Power Company (Tepco) to build the 2.4GW power and 590,000m³/d desalination facility in Umm Al Houl.
KAHRAMAA also signed a 25-year power and water purchase agreement (PWPA) with K1 Energy for construction of electricity generating facility and desalination plant.
K1 Energy is a joint venture (JV) formed by Mitsubishi (MC) and Tokyo Electric Power (TEPCO), in which the former has a majority share of 98.5% with the rest owned by Tepco.
The agreement follows an international tender issued by KAHRAMAA in May 2014.
KAHRAMAA will sign the final PWPA for the project with a special purpose company comprising of K1 Energy, Qatar Electricity and Water (QEWC), Qatar Petroleum (QP) and Qatar Foundation (QF).
MHI Vestas selected preferred turbine supplier for 970MW Navitus Bay project in UK
MHI Vestas Offshore Wind was been appointed as preferred wind turbine supplier for Eneco and EDF’s 970MW Navitus Bay project in the UK.
The turbine delivery contract for the offshore wind project is estimated to be worth £1.6bn ($2.5bn), reports Bloomberg.
The firm will disclose further details about the expected deal as soon as it ‘translates into a firm and unconditional order’.
Situated to the west of the Isle of Wight and away from the Dorset and Hampshire coasts, the wind project is likely to be equipped with MHI Vestas’ V164-8MW turbines.
SSE to close ageing coal-fired Ferrybridge Power Station amid rising cost
UK-based energy firm SSE decided to close its coal-fired Ferrybridge Power Station by March next year.
The 48-year old facility is situated on the West and North Yorkshire border. The power station has been costing the firm millions due its aging infrastructure and environmental compliance.
Over the following five years, the facility is expected to cost SSE another £100m, which prompted the firm to mark it ‘unsustainable’.
SSE Generation managing director Paul Smith said: "It’s been known for many years that the UK would have to phase out coal as it moves towards a more sustainable energy mix.
Japan regulator grants safety approval for 890MW reactor at Ikata Nuclear Power Plant
Nuclear Regulatory Authority (NRA) in Japan gave the green light to restart a reactor at the Shikoku Electric Power operated Ikata Nuclear Power Plant, which was shut down after the 2011 Fukushima disaster.
The 890MW reactor is one of the three at the facility, which is located around 700 km away to the west-southwest of Tokyo on the island of Shikoku.
Ikata No 3 reactor, which was commissioned in 1994, received the approval after the NRA commissioners reviewed the plant as per the amended guidelines, and found that it meets safety guidelines.
E.ON and GIB to invest more than €2.2bn for UK offshore wind development
Rampion offshore wind farm in the UK will be developed by German utility firm E.ON with an investment of around £1.3bn.
The renewable energy development will also receive support from the UK Green Investment Bank, which will provide €327m for the construction of the project.
The facility is planned to be built 13km from the Sussex coast, south of Brighton. It will house 116 of 3.45MW wind turbines with a power generation capacity of 400MW.
Once operational, the farm will be able to generate 1,300GWh of renewable power every year, which is enough to meet the power requirement of up to 300,000 homes.
United PV to buy 930MW solar projects from Hareon Solar for $1.42bn
China-based United Photovoltaics Group (United PV) acquired 17 solar energy projects in the country with power generation capacity of 930MW from Hareon Solar Technology.
United Photovoltaics Group will pay RMB8.8bn ($1.42bn), and the projects are located across several Chinese provinces including Xinjiang, Hebei, Yunnan, Shanxi and Jiangsu.
Out of the solar acquisitions, two facilities are in the Yunnan province, including the one in the Jianshui city that has an installed capacity of 172.5MW. The other facility in the province has a generation capacity of 115MW.
AES starts commercial operations of 1,240MW Mong Duong 2 plant in Vietnam
US-based power company AES commenced commercial operations at its 1,240MW Mong Duong 2 Plant in the Quang Ninh province of Vietnam.
The coal-fired power plant is said to be first private sector power plant in the country and started operations six months earlier than planned.
AES owns a 51% stake in the $1.95bn plant while POSCO Power subsidiary PSC Energy Global and Stable Investment have a respective stake 30% and 19% in the project.
Areva to axe nearly 6,000 jobs worldwide to reduce losses
French nuclear firm Areva launched negotiations with labour organisations as it looks to reduce overhead costs and compensation by cutting up to 6,000 jobs.
The state-controlled group intends to cut down labour costs by almost 15% in France and 18% globally, in order to make up for, four years of consecutive losses.
Areva had recorded a net loss of €4.8bn in 2014.
Economic situation of the firm necessitates immediate cost saving measures for up to €1bn by 2017.
