20 Jul (NucNet): Finland’s Teollisuuden Voima Oyj (TVO) has received a second final and binding partial award in the International Chamber of Commerce (ICC) arbitration proceeding related to delays and costs at the Olkiluoto-3 EPR nuclear power project, the company said in a statement on 20 July 2017.
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Critics of nuclear energy argue that South Africa’s plans to build up to 9,600 MW of new nuclear are too expensive for a country where the economy is fragile and political turbulence is worrying investors. Supporters say the levelised cost for nuclear is in the same range as other forms of energy and that South Africa is already losing money through power outages and slowed industrial growth. In this special report for subscribers, NucNet looks at the arguments on both sides, and at the possibility that site work on the multi-billion-dollar project could begin next year. Full story: http://bit.ly/2miQcRA
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The nuclear industry says “extensive regulations” against potential cyber-attacks are in place that are closely monitored and regularly inspected. But not all experts agree, with some arguing that the “static” cybersecurity architecture at today’s nuclear facilities is not effective enough on its own to prevent a breach by a determined adversary. In this special report, NucNet editor-in-chief David Dalton takes a look at the case for both sides and at the conclusions of a major report which argued there is a “culture of denial” in the industry when it comes to the risks posed by hackers. The full report is online for subscribers: http://bit.ly/2jCi012
The lack of alternative low-carbon energy sources that are as reliable as nuclear means France’s “ambitious” plans to reduce its share of nuclear from 78% in 2015 to 50% by 2025 might not be achievable, according to the International Energy Agency. “The implementation of the 50% target remains challenging given the large role that nuclear electricity plays in the French mix and the average age of the fleet, the IEA said. Full report for subscribers: http://bit.ly/2jrScZG