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Nuclear Power

Westinghouse reaches deal for $800 million U.S. bankruptcy loan

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Westinghouse Electric Co told a U.S. court on Tuesday the nuclear power company had reached a deal to borrow $800 million after allaying creditors' concerns that the money would be flowing to non-bankrupt affiliates overseas.

Indian cabinet approves plans to build 10 nuclear reactors

(In this May 17 story, corrects spelling of company in the last two paragraphs to Kirloskar Brothers Limited.)

World, May 18 2017

South Africa to sign new nuclear power pacts after court ruling

JOHANNESBURG South Africa plans to sign new, more transparent nuclear power agreements with five foreign countries after a high court blocked a deal with Russia due to a lack of oversight, the energy ministry said on Saturday.

World, Africa, Russia, May 13 2017

Bulgaria seeks private investors for nuclear project

SOFIA Bulgaria is seeking private investors to build a nuclear power plant on the Danube River, which was canceled five years ago, Prime Minister Boiko Borisov said during a phone call with Russian President Vladimir Putin on Thursday.

World, Russia, May 11 2017

Japan's Tepco to seek partners for nuclear business

TOKYO Japan's Tokyo Electric Power Co said on Thursday it will seek partners for its nuclear business as part of a recovery plan after the Fukushima disaster of six years ago brought the utility to its knees and put it under state control.

World, Japan, May 11 2017

Exclusive: France under Macron could delay nuclear cutbacks - source

PARIS French presidential candidate Emmanuel Macron may delay plans to reduce the share of nuclear power in the French power mix and is considering a UK-style subsidy mechanism to build new nuclear reactors, a source close to the Macron campaign team said.

World, May 03 2017

How two cutting edge U.S. nuclear projects bankrupted Westinghouse

WILMINGTON, Del./NEW YORK In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away.

U.S., Global Energy News May 02 2017

Utilities say Westinghouse loan puts their reactor construction at risk

WILMINGTON, Del The owners of one of the first new U.S. nuclear power plants in decades said the half-finished reactors might not be completed without changes to a proposed $800 million loan to the bankrupt builder, Westinghouse Electric Co LLC.

Global Energy News Apr 27 2017

Japan reconstruction minister quits after inappropriate comment on disaster zone

TOKYO The Japanese cabinet minister overseeing reconstruction of areas devastated by the 2011 tsunami and Fukushima nuclear disaster resigned on Wednesday after saying it was better the disaster struck the northeastern region instead of Tokyo.

World, Japan, Natural Disasters, Apr 25 2017

Chinese, Iranian firms to sign first nuclear plant redesign contracts

BEIJING Companies from China and Iran will this weekend sign the first commercial contracts to redesign an Iranian nuclear plant as part of an international deal reached in 2015 over Iran's nuclear program, China's Foreign Ministry said on Thursday.

World, China, Apr 20 2017