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Nuclear Power

Battered Toshiba seeks exit from UK, India in nuclear retreat: sources


LONDON/TOKYO Toshiba Corp plans to withdraw from its lead role in projects to build nuclear plants in Britain and India, sources with direct knowledge of the matter said, marking a retreat as it wrestles with an imminent multi-billion dollar writedown.

Tepco spots possible nuclear fuel debris at Japan's Fukushima reactor

TOKYO Tokyo Electric Power (Tepco), the operator of Japan's wrecked Fukushima nuclear plant, said on Monday it may have found nuclear fuel debris below the damaged No. 2 reactor, one of three that had meltdowns in the 2011 disaster.

World, Environment, Japan, Jan 30 2017

Toshiba chair ready to resign over Westinghouse writedowns: Nikkei

TOKYO Toshiba Corp Chairman Shigenori Shiga is ready to step down to take responsibility for the huge writedowns looming over the Japanese group's U.S. nuclear power unit Westinghouse Electric Co LLC, the Nikkei business daily reported.

Japan, Tech, Jan 27 2017

New York City's closest nuclear power plant to shut by 2021

Entergy Corp's over 40-year old Indian Point nuclear power plant will be shut by 2021 because of concerns for the safety of millions of New Yorkers in and around the Big Apple, Governor Andrew Cuomo announced on Monday.

U.S., Jan 09 2017

Exclusive: U.S. plans to name nuclear reactors using potentially flawed Areva parts

WASHINGTON The U.S. Nuclear Regulatory Commission told French nuclear power company Areva SA it will publish as early as next week the names of U.S. reactors that contain components from its Le Creusot forge that is suspected of falsifying documents despite the company's claim that the information is proprietary.

World, Jan 05 2017

Japan governor tells Tepco bosses nuclear plant to stay shut

NIIGATA, Japan The governor of Japan's Niigata prefecture reiterated his opposition to the restart of Tokyo Electric Power's (Tepco) Kashiwazaki-Kariwa nuclear plant, adding it may take a few years to review the pre-conditions for restart.

World, Japan, Jan 05 2017

Factbox: Toshiba's dispute with CB&I over nuclear engineering unit

Toshiba Corp's claim that it is owed $2.15 billion by Chicago Bridge & Iron Co NV (CB&I) hinges on how an independent auditor will calculate the net working capital of a U.S. nuclear power plant construction business that CB&I sold to Toshiba's Westinghouse unit last year.

Tech, Dec 28 2016

Toshiba flags hit of 'billions of dollars' on U.S. nuclear acquisition

Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power plant construction company acquisition, sending its stock tumbling 12 percent and rekindling concerns about its accounting acumen.

Deals, Dec 28 2016

Exclusive: Tepco, investors discussing first bond sale since Fukushima - sources

TOKYO Tokyo Electric Power (Tepco) is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, people familiar with the plans said.

Dec 27 2016

South Korea says minister, British counterpart discussed nuclear power cooperation

SEOUL South Korea's energy minister Joo Hyung-hwan discussed cooperation on British nuclear energy projects in a meeting in London on Thursday with Britain's business minister Greg Clark, South Korea's energy ministry said in a statement.

World, South Korea, Dec 15 2016