Tag Archives: France

China may own UK's nuclear stations

FOR IMMEDIATE RELEASE
Britain, a pioneer of nuclear power, is handing over its industry to the French and Chinese in a move likely to see a doubling of electricity prices.

LONDON, 17 October – The Chinese are to help finance and build a new generation of nuclear power stations in the United Kingdom, helping out the French giant EDF which can no longer afford the £14 billion cost of the first station on its own.

The agreement, announced in China by George Osborne, the British Chancellor of the Exchequer [Finance Minister] at the end of a visit, is bound to be controversial. Initially the Chinese will take only about a 30% interest in this first station, but in future reactor building programmes they will be allowed to own a majority stake.

The British Government deal with EDF, which already operates all the existing civil nuclear stations in the UK, is to heavily subsidise the new construction by guaranteeing the price of electricity for 35 years.

The exact price is yet to be announced but it is expected to be double the existing price of electricity and is sure to spark an inquiry by the European Union, which bans subsidies because they interfere with competition.

Many will see the decision to build two European Pressurized Reactors at Hinkley Point in Somerset as extraordinary in view of the appalling cost overruns and delays of two similar ventures in Finland and France.

The same design of plant being built in Finland, Olkiluoto 3, is seven years late and billions over budget. Construction began in 2005 and the station was due to produce electricity in 2009. The latest estimate is that it will be on line in 2016.

EDF is building a second reactor at Flamanville in France. Work began in 2007, and the reactor was due to be completed in 2012 at a cost of 3 bn euros. Currently the completion date has slipped to 2016, and the cost has almost tripled to 8.5 bn euros.

“It may be shocking to some that businesses and investors from Britain… will not own the new generation of nuclear power plants, and they may instead belong to China’s nuclear power giants as well as to the French.”

Mr Osborne claimed the deal was good for investment in Britain and for jobs, and asserted that it would mean lower long-term energy costs for consumers.

Despite his optimism EDF has already told British companies that they are unlikely to get many contracts. This is because it is 20 years since any British companies were involved in building nuclear power stations and they no longer have the expertise to do so. Most of the jobs are likely to go to French and Chinese companies.

Robert Peston, the BBC’s business editor, summed up some reaction in Britain: “When you think about the history of nuclear power, it may be shocking to some that businesses and investors from Britain – whose scientists and engineers were pioneers in this technology in the early days – will not own the new generation of nuclear power plants, and they may instead belong to China’s nuclear power giants as well as to the French.

“The Government is refusing to finance these hugely pricey projects directly – although it will allow the owners of any new nuclear generators to charge well above the current market price for any power they produce in years and decades to come, so that the billions in development and construction costs can be recouped.”

The announcement comes at a time when some older power stations in Britain are being closed because they are producing too much carbon dioxide and have not been modernised. The Government has been warned that Britain is in danger of power cuts in the next five years if there are cold winters.

However, the proposed nuclear stations will make no difference to this situation because they are likely to take 10 years to come on line if the current pattern of delays and cost overruns is repeated. – Climate News Network

FOR IMMEDIATE RELEASE
Britain, a pioneer of nuclear power, is handing over its industry to the French and Chinese in a move likely to see a doubling of electricity prices.

LONDON, 17 October – The Chinese are to help finance and build a new generation of nuclear power stations in the United Kingdom, helping out the French giant EDF which can no longer afford the £14 billion cost of the first station on its own.

The agreement, announced in China by George Osborne, the British Chancellor of the Exchequer [Finance Minister] at the end of a visit, is bound to be controversial. Initially the Chinese will take only about a 30% interest in this first station, but in future reactor building programmes they will be allowed to own a majority stake.

The British Government deal with EDF, which already operates all the existing civil nuclear stations in the UK, is to heavily subsidise the new construction by guaranteeing the price of electricity for 35 years.

The exact price is yet to be announced but it is expected to be double the existing price of electricity and is sure to spark an inquiry by the European Union, which bans subsidies because they interfere with competition.

Many will see the decision to build two European Pressurized Reactors at Hinkley Point in Somerset as extraordinary in view of the appalling cost overruns and delays of two similar ventures in Finland and France.

The same design of plant being built in Finland, Olkiluoto 3, is seven years late and billions over budget. Construction began in 2005 and the station was due to produce electricity in 2009. The latest estimate is that it will be on line in 2016.

EDF is building a second reactor at Flamanville in France. Work began in 2007, and the reactor was due to be completed in 2012 at a cost of 3 bn euros. Currently the completion date has slipped to 2016, and the cost has almost tripled to 8.5 bn euros.

“It may be shocking to some that businesses and investors from Britain… will not own the new generation of nuclear power plants, and they may instead belong to China’s nuclear power giants as well as to the French.”

Mr Osborne claimed the deal was good for investment in Britain and for jobs, and asserted that it would mean lower long-term energy costs for consumers.

Despite his optimism EDF has already told British companies that they are unlikely to get many contracts. This is because it is 20 years since any British companies were involved in building nuclear power stations and they no longer have the expertise to do so. Most of the jobs are likely to go to French and Chinese companies.

Robert Peston, the BBC’s business editor, summed up some reaction in Britain: “When you think about the history of nuclear power, it may be shocking to some that businesses and investors from Britain – whose scientists and engineers were pioneers in this technology in the early days – will not own the new generation of nuclear power plants, and they may instead belong to China’s nuclear power giants as well as to the French.

“The Government is refusing to finance these hugely pricey projects directly – although it will allow the owners of any new nuclear generators to charge well above the current market price for any power they produce in years and decades to come, so that the billions in development and construction costs can be recouped.”

The announcement comes at a time when some older power stations in Britain are being closed because they are producing too much carbon dioxide and have not been modernised. The Government has been warned that Britain is in danger of power cuts in the next five years if there are cold winters.

However, the proposed nuclear stations will make no difference to this situation because they are likely to take 10 years to come on line if the current pattern of delays and cost overruns is repeated. – Climate News Network

China may own UK’s nuclear stations

FOR IMMEDIATE RELEASE Britain, a pioneer of nuclear power, is handing over its industry to the French and Chinese in a move likely to see a doubling of electricity prices. LONDON, 17 October – The Chinese are to help finance and build a new generation of nuclear power stations in the United Kingdom, helping out the French giant EDF which can no longer afford the £14 billion cost of the first station on its own. The agreement, announced in China by George Osborne, the British Chancellor of the Exchequer [Finance Minister] at the end of a visit, is bound to be controversial. Initially the Chinese will take only about a 30% interest in this first station, but in future reactor building programmes they will be allowed to own a majority stake. The British Government deal with EDF, which already operates all the existing civil nuclear stations in the UK, is to heavily subsidise the new construction by guaranteeing the price of electricity for 35 years. The exact price is yet to be announced but it is expected to be double the existing price of electricity and is sure to spark an inquiry by the European Union, which bans subsidies because they interfere with competition. Many will see the decision to build two European Pressurized Reactors at Hinkley Point in Somerset as extraordinary in view of the appalling cost overruns and delays of two similar ventures in Finland and France. The same design of plant being built in Finland, Olkiluoto 3, is seven years late and billions over budget. Construction began in 2005 and the station was due to produce electricity in 2009. The latest estimate is that it will be on line in 2016. EDF is building a second reactor at Flamanville in France. Work began in 2007, and the reactor was due to be completed in 2012 at a cost of 3 bn euros. Currently the completion date has slipped to 2016, and the cost has almost tripled to 8.5 bn euros.

“It may be shocking to some that businesses and investors from Britain… will not own the new generation of nuclear power plants, and they may instead belong to China’s nuclear power giants as well as to the French.”

Mr Osborne claimed the deal was good for investment in Britain and for jobs, and asserted that it would mean lower long-term energy costs for consumers. Despite his optimism EDF has already told British companies that they are unlikely to get many contracts. This is because it is 20 years since any British companies were involved in building nuclear power stations and they no longer have the expertise to do so. Most of the jobs are likely to go to French and Chinese companies. Robert Peston, the BBC’s business editor, summed up some reaction in Britain: “When you think about the history of nuclear power, it may be shocking to some that businesses and investors from Britain – whose scientists and engineers were pioneers in this technology in the early days – will not own the new generation of nuclear power plants, and they may instead belong to China’s nuclear power giants as well as to the French. “The Government is refusing to finance these hugely pricey projects directly – although it will allow the owners of any new nuclear generators to charge well above the current market price for any power they produce in years and decades to come, so that the billions in development and construction costs can be recouped.” The announcement comes at a time when some older power stations in Britain are being closed because they are producing too much carbon dioxide and have not been modernised. The Government has been warned that Britain is in danger of power cuts in the next five years if there are cold winters.

However, the proposed nuclear stations will make no difference to this situation because they are likely to take 10 years to come on line if the current pattern of delays and cost overruns is repeated. – Climate News Network

FOR IMMEDIATE RELEASE Britain, a pioneer of nuclear power, is handing over its industry to the French and Chinese in a move likely to see a doubling of electricity prices. LONDON, 17 October – The Chinese are to help finance and build a new generation of nuclear power stations in the United Kingdom, helping out the French giant EDF which can no longer afford the £14 billion cost of the first station on its own. The agreement, announced in China by George Osborne, the British Chancellor of the Exchequer [Finance Minister] at the end of a visit, is bound to be controversial. Initially the Chinese will take only about a 30% interest in this first station, but in future reactor building programmes they will be allowed to own a majority stake. The British Government deal with EDF, which already operates all the existing civil nuclear stations in the UK, is to heavily subsidise the new construction by guaranteeing the price of electricity for 35 years. The exact price is yet to be announced but it is expected to be double the existing price of electricity and is sure to spark an inquiry by the European Union, which bans subsidies because they interfere with competition. Many will see the decision to build two European Pressurized Reactors at Hinkley Point in Somerset as extraordinary in view of the appalling cost overruns and delays of two similar ventures in Finland and France. The same design of plant being built in Finland, Olkiluoto 3, is seven years late and billions over budget. Construction began in 2005 and the station was due to produce electricity in 2009. The latest estimate is that it will be on line in 2016. EDF is building a second reactor at Flamanville in France. Work began in 2007, and the reactor was due to be completed in 2012 at a cost of 3 bn euros. Currently the completion date has slipped to 2016, and the cost has almost tripled to 8.5 bn euros.

“It may be shocking to some that businesses and investors from Britain… will not own the new generation of nuclear power plants, and they may instead belong to China’s nuclear power giants as well as to the French.”

Mr Osborne claimed the deal was good for investment in Britain and for jobs, and asserted that it would mean lower long-term energy costs for consumers. Despite his optimism EDF has already told British companies that they are unlikely to get many contracts. This is because it is 20 years since any British companies were involved in building nuclear power stations and they no longer have the expertise to do so. Most of the jobs are likely to go to French and Chinese companies. Robert Peston, the BBC’s business editor, summed up some reaction in Britain: “When you think about the history of nuclear power, it may be shocking to some that businesses and investors from Britain – whose scientists and engineers were pioneers in this technology in the early days – will not own the new generation of nuclear power plants, and they may instead belong to China’s nuclear power giants as well as to the French. “The Government is refusing to finance these hugely pricey projects directly – although it will allow the owners of any new nuclear generators to charge well above the current market price for any power they produce in years and decades to come, so that the billions in development and construction costs can be recouped.” The announcement comes at a time when some older power stations in Britain are being closed because they are producing too much carbon dioxide and have not been modernised. The Government has been warned that Britain is in danger of power cuts in the next five years if there are cold winters.

However, the proposed nuclear stations will make no difference to this situation because they are likely to take 10 years to come on line if the current pattern of delays and cost overruns is repeated. – Climate News Network

Parts of Europe heating faster than global average

FOR IMMEDIATE RELEASE Climate change hits different regions in different ways and, as Europe’s climate warms, some areas are already having to adapt.  New crops are being planted and there’s a call for buildings that don’t overheat in warm weather. LONDON, 12 September – Temperatures in some parts of Europe have already increased by more than 2C in the last 60 years with changes in local climate allowing new crops to be grown. An example is the new wine growing area in southern England, which this year is celebrating its best ever grape harvest. Hundreds of acres of new vineyards are being planted to take advantage of the changing climate. Many parts of Europe are experiencing more hotter days in the summer and fewer very cold nights in winter. Overall the increase is four times greater than the global average over the 60 year period. Researchers at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, in collaboration with the University of Warwick, show that not all regions are warming at the same pace. The results of their research, which appear in a study in the journal, Environmental Research Letters, indicate that the hottest 5% of days in summer have warmed fastest in a band from southern England and northern France to Denmark. In eastern Spain and central Italy there has been a general warming in all seasons. In some areas, Norway and Sweden for example, the changes have been much smaller in summer and in some cases there have been no measurable differences. However nights in the depths of winter have been getting warmer – by more than 2C in both countries. Professor Sandra Chapman, one of the researchers, said: “It is common to discuss climate change in terms of changes in global average temperatures but these can be far from people’s perceptions of climate change. The results in this paper begin to provide a picture of how local climate has been changing across Europe. It is a picture which is closer to that experienced by individuals.” Among other results the study notes changes in the frequency of nights that fall below freezing in winter, and days which rise above 28C in summer. These, says the study, are two thresholds that are important for many impacts such as the availability of snow in ski resorts, building design, and labour productivity. Dr. David Stainforth, the lead author of the report, said: “Climate is fundamentally the distributions of weather. Our results illustrate that the international goal of limiting the increase in global average temperature to 2°C would involve far greater changes for some places and for some aspects of climate, and therefore for particular individuals, communities and industries. “Changes in local climate pose challenges for decision makers across society not just when preparing for the climate of the future but even when planning for the climate of today. “We need to design buildings so that they don’t overheat, decide which are the best crops to plant, and even plan for variations in large scale productivity. These would all benefit from knowledge of how the climate distribution has changed at particular locations. This work begins to provide such information.” The World Meteorological Organisation and many national organisations, such as the UK Met Office, are investing substantially in the provision of information for governments and businesses to help them to adapt to climate change. The study shows that even over relatively small areas the differences can be quite marked. For example, in the north east of England the number of night frosts in winter has gone down by more than 10%, a greater drop than elsewhere in the country. – Climate News Network

FOR IMMEDIATE RELEASE Climate change hits different regions in different ways and, as Europe’s climate warms, some areas are already having to adapt.  New crops are being planted and there’s a call for buildings that don’t overheat in warm weather. LONDON, 12 September – Temperatures in some parts of Europe have already increased by more than 2C in the last 60 years with changes in local climate allowing new crops to be grown. An example is the new wine growing area in southern England, which this year is celebrating its best ever grape harvest. Hundreds of acres of new vineyards are being planted to take advantage of the changing climate. Many parts of Europe are experiencing more hotter days in the summer and fewer very cold nights in winter. Overall the increase is four times greater than the global average over the 60 year period. Researchers at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, in collaboration with the University of Warwick, show that not all regions are warming at the same pace. The results of their research, which appear in a study in the journal, Environmental Research Letters, indicate that the hottest 5% of days in summer have warmed fastest in a band from southern England and northern France to Denmark. In eastern Spain and central Italy there has been a general warming in all seasons. In some areas, Norway and Sweden for example, the changes have been much smaller in summer and in some cases there have been no measurable differences. However nights in the depths of winter have been getting warmer – by more than 2C in both countries. Professor Sandra Chapman, one of the researchers, said: “It is common to discuss climate change in terms of changes in global average temperatures but these can be far from people’s perceptions of climate change. The results in this paper begin to provide a picture of how local climate has been changing across Europe. It is a picture which is closer to that experienced by individuals.” Among other results the study notes changes in the frequency of nights that fall below freezing in winter, and days which rise above 28C in summer. These, says the study, are two thresholds that are important for many impacts such as the availability of snow in ski resorts, building design, and labour productivity. Dr. David Stainforth, the lead author of the report, said: “Climate is fundamentally the distributions of weather. Our results illustrate that the international goal of limiting the increase in global average temperature to 2°C would involve far greater changes for some places and for some aspects of climate, and therefore for particular individuals, communities and industries. “Changes in local climate pose challenges for decision makers across society not just when preparing for the climate of the future but even when planning for the climate of today. “We need to design buildings so that they don’t overheat, decide which are the best crops to plant, and even plan for variations in large scale productivity. These would all benefit from knowledge of how the climate distribution has changed at particular locations. This work begins to provide such information.” The World Meteorological Organisation and many national organisations, such as the UK Met Office, are investing substantially in the provision of information for governments and businesses to help them to adapt to climate change. The study shows that even over relatively small areas the differences can be quite marked. For example, in the north east of England the number of night frosts in winter has gone down by more than 10%, a greater drop than elsewhere in the country. – Climate News Network