Global Energy News Roundup: October 20

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

 Entrance to the Watts Bar nuclear plant

Watts Bar 2 Comes Online

Tennessee Valley Authority announced that the second unit of the Watts Bar nuclear power plant has started sending power to homes and businesses. Watts Bar 2 is the first U.S. nuclear reactor to enter commercial operation in 20 years, though it has been pending for 43 years. Construction on the plant began in 1973, with its sister reactor Watts Bar 1 going online in 1996. It is now estimated that nuclear power supplies 1/3 of the region’s energy.

Source: CNN

Russia and Paraguay Agree to Nuclear Energy Deal

The Radiological and Nuclear Regulatory Authority of Paraguay and Russian state nuclear corporation Rosatom signed an MOU on cooperation in peaceful uses of nuclear energy.  The two sides have agreed to consider joint work on projects such as construction of a nuclear science and technology canter with a research reactor. They will also consider the possible development and signing of an inter-governmental agreement on cooperation in the peaceful uses of nuclear energy, Rosatom said.

Source: World Nuclear News



Germany has announced a full nuclear phaseout as part of its “Energiewende”

First Cost Estimates of German Nuclear Phaseout Published

EON SE and Vattenfall AB became the first two companies to provide details of utilities’ nuclear liabilities in the wake of a new German law on waste storage costs. The draft law works toward finalizing the debate on who must fund Germany’s withdrawal from nuclear power, particularly with regard to radioactive fuel storage. EON estimates that it will pay approximately €10 billion, while Vattenfall estimates it will be responsible for approximately €1.75 billion.

Source: Bloomberg


South Korea Signs on to Operate UAE Plant

Korea Electric Power Corp (KEPCO) agreed to invest $900 million in a company operating the first nuclear power plant in the United Arab Emirates (UAE). KEPCO and Emirates Nuclear Energy Corp (ENEC) signed the agreement to co-invest in the company managing and operating the UAE’s Barakah plant for the next sixty years. A KEPCO-led consortium won the contract to build the four reactors of the Barakah nuclear power plant in 2009.

Source: Reuters


Vogtle Workers Log 25 million Safe Working Hours

Georgia Power announced that more than 25 million safe work hours with no lost-time accidents have been logged by the more than 6,000 construction workers on site since December 2014. The Vogtle expansion is the state’s largest job producing construction project, as the utility aims to compete the nation’s first new nuclear units in more than 30 years.

Source: PR Newswire

Georgia Power shared an impressive time-lapse video of construction in September