Global Energy News Roundup: May 19


The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday morning on Forum on Energy and is available on Twitter via @forumonenergy

Westinghouse Inks Deal to Build Reactor in China
The partnership with China highlights China’s rise as a nuclear player on the global stage.  Westinghouse is currently marketing its latest pressurized water reactor, the AP1000.  While there while are 18 units planned for construction in the U.S., there are 135 planned in China, more than every project currently on the books worldwide. Without China, it will be increasingly difficult for Westinghouse to plug up a roughly $1.5 billion hole in its nuclear power business caused by falling demand and shut downs after the Fukushima reactor disaster in Japan.
SourceForbes

shutterstock_390130231Trump Calls for Paris Deal Renegotiation, Moniz Scoffs
Presumptive candidate Donald Trump asserted that he would seek to renegotiation the UN climate change deal reached in Paris last December, should he be elected to the White House. He claims that the deal treats the United States unfairly compared to other countries, and has also stated that he doesn’t believe in climate change. U.S. Secretary of Energy Ernest Moniz responded by stating he doesn’t believe a future president will be able to undo Pres. Obama’s climate work. He also dismissed Trump’s call to renegotiate or ignore the Paris climate deal, though he wouldn’t directly comment on Trump’s promise to renegotiate.
Source: ReutersThe Hill

NRC Receives First SMR Site Application
The Tennessee Valley Authority, a government-owned corporation, has submitted an Early Site Permit (ESP) application for small modular reactor units at Clinch River, Tennessee, to the US Nuclear Regulatory Commission (NRC). The ESP application, which is cofounded by the Department of Energy (DOE) is the first SMR-related application of any type to be submitted to the NRC.  The DOE is also supporting NuScale and Utah Associated Municipal Power Systems in site characterization activities at the Idaho National Laboratory under a three-year cost-shared cooperative agreement finalized in August 2015.
SourceWorld Nuclear News

UK Expresses Confidence in Hinkley Deal
Jeremy Allen, head of procurement and investor relations at the Department of Energy and Climate Change in the UK, discussed the deal in a nuclear energy conference held in Paris last week.  The UK government is confident “there is a deal to be done” with EDF Energy on Hinkley Point C.  A key element of the agreement between EDF Energy and the government is the Contract for Difference (CfD), which Allen noted is a private law contract between a low-carbon electricity generator and the Low Carbon Contracts Company, which is government owned.
SourceWorld Nuclear News

Russia, Cambodia Agree on Nuclear Energy Cooperation
Russia and Cambodia signed a memorandum of understanding on peaceful use of nuclear energy on May 17. The General Director of Rosatom and the Cambodian Environment Minister signed the document, which was developed in the framework of a meeting between both countries’ Prime Ministers.
Source: Sputnik News