Finally speaking with a unified voice, the UN security council on Monday adopted a resolution that demands
This 31 day clock was the result of
The vote was 14 to 1, with
On the positive side, this is the first resolution by the council on the Iranian nuclear program that is legally binding and carries the threat of sanctions. But it was immediately clear that
Javad Zarif, the Iranian ambassador, speaking after the vote, rejected it, saying that the council was acting illegally. He chastised the council for its inability to act forcefully in the current war in
The resolution demands the "full and sustained suspension" of nuclear activities, including research and development, by Aug. 31, to be verified by the International Atomic Energy Agency, the UN nuclear watchdog. It also bans any other nations from providing
In the discussions that preceded the vote, several council members noted Iran's failure to respond to a robust set economic and technological incentives offered to them Iran on June 6 by Britain, China, France, Germany, Russia and the United States. It appears that the
US report on recycling used fuel.
A new report by the Boston Consulting Group for Areva Inc and based on proprietary Areva information shows that recycling used fuel in the USA using the Coex aqueous process would be economically competitive with direct disposal of used fuel. The Coex process has been developed by Areva from that used today in the four operating reprocessing plants in
US utility to complete reactor?
With power demand growing 2% per year in their ser4vice territory, the Tennessee Valley Authority has begun a comprehensive evaluation about the feasibility of completing the partially built Watts Bar nuclear plant. Construction of the 1167 MWe plant was stopped in 1985 and it is about 50% complete. If TVA decided to undertake the project it could be online by about 2013. Watts Bar unit one started up in 1996.
Russia Boosts Nuclear Spending
The Russian government has approved spending up to US $25 billion between now and 2015 to build ten 1000 MWe units, then to begin building an additional ten units after that. Rosatom says that the balance of total $52 billion required for the program by 2015. In 2007
In an interesting twist,
New Russia-Kazakh agreements.
More New Nuclear Plants in China
China Guangdong Nuclear Power Group , China Power Investment Corporation and Guangxi Investment Group this week signed an agreement to build the first the first two 1000 MWe units at the Bailong nuclear power plant in southern China. The companies will invest US $3.1 billion for the first two of six units that will be built at the site. The first two units are expected to begin construction before 2010.
US House of Representatives Approves
As I predicted, the US House of Representatives this week approved by a large majority the agreement with
President Obasanjo of
The president stated they plant to have their first nuclear plant running in 10 to 12 years. Several analysts said existing electrical distributions systems will have to be upgraded before
Constellation Has Begun Buying Long Lead-time Components for a New Nuclear PlantThe nuclear renaissance in the USA reached a new milestone on Thursday when Constellation Energy, in a bold sprint to the head of the pack became the first company to begin the process of procuring long lead-time components. Constellation, in their Unistar alliance with Areva, signed a deal to being manufacturing 44 heavy forgings needed to build a US EPR.
This is a brilliant move on the part of Constellation because it assures them of being at the head of the line for new parts. It's also capitalizing on lessons learned from Areva's recent experience in Finland where delays in getting parts to the construction site has contributed to a one year schedule push.
This also affirms Constellation's commitment to build a new nuclear plant. While the EPR is behind other designs in the
I've spoken to several people in the industry about the supply chain - all the pieces of getting the materials to the parts manufacturers, and then the finished part to the construction sites - and there's a good deal of concern about whether or not there is sufficient manufacturing capacity around the world to meet the demand for new nuclear plants. For example, there's only one place in the world that has a foundry big enough to cast a reactor vessel and it's in
Hats off to Constellation for a gutsy tactical move that may well put them at the front of the line for the incentives in the Energy Policy Act of 2005!