Nuclear developers have big plans for small power plants in U.K.

Aug 25, 2016

Nuclear developers have big plans for small power plants in U.K.

Miniature nuclear power plants could help solve Britain’s looming power crunch, rather than the delayed $24 billion Hinkley project, companies developing the technology say. Small modular reactors (SMRs) using current or new technology would be able to produce around a tenth of the electricity ...

Ikata nuclear plant's No. 3 reactor begins generating power

Aug 15, 2016

Ikata nuclear plant's No. 3 reactor begins generating power

The Ikata nuclear plant began generating electricity Monday, ahead of its planned reconnection to the grid on Sept. 7, operator Shikoku Electric Power Co. said. The plant in Ehime Prefecture is one of only two nuclear power stations currently operating in Japan, despite the ...

Aug 11, 2016

Australia to ban Chinese from leasing Sydney power grid

Australia announced on Thursday it plans to block Chinese bidders from leasing a major Sydney electricity grid on national security grounds. Treasurer Scott Morrison said Chinese state-owned State Grid Corp. and Hong Kong-registered Cheung Kong Infrastructure Group had until next Thursday to respond to ...

May 6, 2016

Never-completed TVA nuclear plant that cost $4 billion for sale

America’s largest public utility is selling a never-completed nuclear plant that has cost more than $4 billion dollars over the past four decades. The Tennessee Valley Authority board voted Thursday to declare the Bellefonte nuclear plant near Hollywood, Alabama, surplus. The site includes two ...

Trading houses eye slice of Japan's liberalized electricity market pie

Apr 27, 2016

Trading houses eye slice of Japan's liberalized electricity market pie

Major trading houses are strengthening their electricity businesses to take advantage of growing overseas demand and the liberalization of power retailing in Japan that started this month, industry officials say. Sumitomo Corp. has revised down its consolidated net profit estimate for the year that ...

Apr 21, 2016

Venezuela to ration electricity in power crisis

Recession-racked Venezuela is to ration electricity in 10 of its most populous and industrialized states, including metropolitan Caracas, the socialist government said Wednesday. It is the latest drastic measure to alleviate a severe electricity crisis that President Nicolas Maduro and his government blame on ...

Electricity market shake-up mainly benefiting Tokyo and Kansai

Apr 7, 2016

Electricity market shake-up mainly benefiting Tokyo and Kansai

Liberalization of the retail electricity market is underway, but there are concerns over whether its benefits can be shared across the country. On April 1, regional electric power companies lost the monopolies on household supply held since 1951. Gradual market liberalization started in 2000, ...