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Financing Nuclear Power Projects: New Trends Emerging For Asia

Private sector financing for the nuclear industry is set to increase. The financial cost of new nuclear power projects is a major factor in planning for a sustainable nuclear future. Traditional providers of capital to the nuclear industry have been governments and Export Credit Agencies (ECAs), with commercial banks and international financial institutions playing a lesser role. However, new trends are eme ...

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Hitachi Buys U.K. Nuclear Power Venture for $1.1 Billion

The Japanese manufacturer Hitachi Ltd. Has agreed to buy Horizon Nuclear Power from Germany’s two largest utilities for £696 million ($1.1 billion), ensuring support for the U.K. government’s energy program. The transaction will be completed next month and secure financial backing for as many as six new nuclear reactors at two sites in Britain, according to a statement from Hitachi and the utilities, RWE AG ...

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Nuclear Malfunction Scare in South Korea

South Korea was forced to shut down one of its nuclear reactors last Tuesday following a malfunction in its control system but there was no risk of a radiation leak, plant operators said. The 1,000-megawatt Shingori 1 reactor near the southern city of Busan was shut down after a warning signal at 8:10 am, the state-run Korea Hydro and Nuclear Power (KHNP) said. "There was a malfunction in the reactor's cont ...

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KEPCO Nuclear plant in Abu Dhabi set to be operational in five years

Abu Dhabi's nuclear power plant is "on track" to go online by 2017. Thousands of workers have been deployed at Baraka, a remote site on the emirate's coast, to build the US$20 billion (Dh73.46bn) power station in partnership with Emirates Nuclear Energy Corporation, the Abu Dhabi Government company overseeing the programme. "The target is fixed," said Hee-Yong Lee, the senior vice president for overseas nuc ...

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Vietnam Takes Further Steps for Nuclear Development

Vietnam President Truong Tan Sang had approved the supplementary protocol and necessary documents to join the IAEA’s Convention on Physical Protection of Nuclear Material, leading the country closer to the development of their first nuclear power station. This was announced by Minister of Science and Technology Nguyen Quan at the 56th annual session of the International Atomic Energy Agency general assembly ...

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