Global Energy News Roundup: October 13

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

World Energy Council Acknowledges the Importance of Nuclear Power

The latest World Energy Resources report released by the World Energy Council (WEC) states nuclear energy “is increasingly seen as a means to add large scale baseload power generation while limiting the amount of greenhouse gas emissions.” In the chapter on nuclear energy – compiled with the assistance of the World Nuclear Association – the report notes that at the end of December 2015, global nuclear generating capacity stood at 390 GWe, representing about 11% of the world’s electricity.  “The development of nuclear power is today concentrated in a relatively small group of countries,” the report says. China, South Korea, India, and Russia accounted for 40 of the 65 reactors under construction at the end of last year.

Source: World Nuclear News


METI Minister Confirms Fast Breeder Reactor Development Remains Important to Japan

The head of Japan’s Ministry of Economy, Trade and Industry (METI) has confirmed the importance of fast breeder reactor (FBR) development in Japan at a meeting of public and private sector representatives. Japanese governmental policy on fast breeder reactors is scheduled to be finalized by the end of the year.  METI minister Hiroshige Seko stated that the Japanese government has recognized that nuclear energy is essential for Japan to maintain stable supplies of inexpensive electricity.

Source: World Nuclear News


NRC Accepts Ownership Transfer of FitzPatrick Nuclear Power Plant 

Federal regulators from the Nuclear Regulatory Commission (NRC) accepted a joint transfer application in an announcement on Thursday, moving forward with consideration to transfer ownership of the FitzPatrick Nuclear Power Plant from Entergy to Exelon. U.S. Rep. John Katko (R-NY) recently encouraged federal regulators to expedite the acceptance because of the economic importance of the plant to the Central New York Region.  Katko also cited the major role the plant plays in producing dependable energy and supporting New York’s plan to reduce emissions.

 Source: Daily Energy Insider


Nuclear Energy Industry On the Rise in India

Optimism is building in India’s nuclear power industry as concerns ease that equipment suppliers would face crippling compensation costs in the event of an accident. Companies such as Larsen & Toubro Ltd., Bharat Heavy Electricals Ltd. and Mumbai-based Walchandnagar Industries Ltd. are preparing for an increase in orders after the Indian government took steps to blunt the impact of a 2010 act governing liability for nuclear power mishaps.

 Source: Bloomberg

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