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June 18, 2012

Ukraine, India and UK on the verge of new nuclear investments

1. Ukraine could invest up to $25 billion by 2030 in the construction of new nuclear power facilities.

The country plans to build nuclear reactors with combined capacity of 5,000 MW by 2030, according to the basic scenario of a draft updated energy strategy posted on the Energy and Coal Ministry's website.

By the end of this year there are plans to make a decision at the legislative level to build third and fourth generating units at the Khmeltnytsky Nuclear Power Plant with combined capacity of 2,000 MW. They are to be launched in 2018 and 2020 respectively. The approximate cost is estimated at UAH42 billion.

The cost of building another 3,000 MW of new nuclear capacity is estimated at UAH96 billion. Construction is expected to begin in 2022, with the capacity coming on line in 2025-2030. However, the projects could be accelerated if demand for electricity grows.

Construction of new nuclear power capacity will require anywhere between UAH138 billion, according to the basic scenario, and UAH202 billion under the optimistic scenario, or $17.25 billion to $25.25 billion.

In addition, Ukraine plans to extend the life of eleven existing generating units at NPP by 20 years in the period to 2030. Ten generating units with combined capacity of 10,000 MW will reach the end of their service life in 2012-2019, and one more with capacity of 1,000 MW will come to the end of its service life in 2025.

Nuclear power generates 47-48% of Ukraine's electricity. All of the country's NPP are operated by state company NAEK Energoatom.

2. India and France are close to signing a deal regarding to establishing India's largest Nuclear Power plant that will generate 9,900 Mega Watt (MW) of electricity.



Theyhope to seal the deal in the second half of this year, said an official of this project denying to reveal the total budget.

Indian state run company Nuclear Power Corporation of India (NPCI) along with private company Larsen & Toubro (L&T) are going to set up six units of 1,650 MW each nuclear power plants (new advanced EPR reactors) at Jaitapur in Maharashtra, for which India has seek the technical help of French Energy major Areva.

3. Sunday Telegraph UK - The prospect of new nuclear power stations being built in the UK for the first time in 20 years has moved a significant step forward after EDF Energy awarded a £2bn contract to build a plant at Hinkley Point in Somerset.

Sunday Telegraph UK - Rolls-Royce confirmed today it had won a Ministry of Defence contract worth more than £1bn (US$1.56 billion) to make reactor cores for Britain's nuclear submarine fleet.(RR/)


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