• 13 hours Saudi Fund Buys Stake in Hollywood Talent Agency
  • 18 hours Putin Is A New Russian Stalin - Victory For The Next 6 Years
  • 4 days Russian hackers targeted American energy grid
  • 4 days Is $71 As Good As It Gets For Oil Bulls This Year?
  • 13 hours G20 Rejects Calls for Cryptocurrency Regulation
  • 9 hours Country With Biggest Oil Reserves Biggest Threat to World Economy
  • 4 hours Self-Driving Cars' First Fatality
  • 10 hours Trump Bans Venezuelan National Cryptocurrency
  • 12 hours Volkswagen To Announce $340 Million Tennessee Investment To Build New SUV For U.S. Market
  • 13 hours Africa Is The New Land Of Opportunity For Investors
  • 9 hours Is Trump Harming Oil Industry?
  • 17 hours Miners against Government: Largest Miners In Congo Quit Chamber Of Commerce Amid Growing Tax Dispute
  • 4 days HAPPY RIG COUNT DAY!!
  • 4 days Spotify to file $1 billion IPO
  • 9 hours Tillerson just sacked ... how will market react?
  • 4 days Oil Boom Will Help Ghana To Be One Of The Fastest Growing¨Economies By 2018!
Global Energy Advisory - 16th March 2018

Global Energy Advisory - 16th March 2018

The fight between Alberta and…

Russia Could Pull The Plug On The OPEC Deal

Russia Could Pull The Plug On The OPEC Deal

Russia may leave the OPEC…

UK Regulators Approve EDF Energy's New Nuclear Reactor Designs

The UK Office for Nuclear Regulation and the Environment Agency have just approved the designs for a new type of nuclear reactor which has been designed by the French engineering company Areva, and is favoured by EDF Energy.

The approval of the European Pressurized Reactor (EPR) could see its installation in multiple sites around Britain, starting with the two new plants that EDF already plan to build in the UK. It also gives the UK a boost in the race to secure tens of billions of pounds in nuclear investment, as it removes one more regulatory hurdle for energy utilities.

The British regulators released a statement which read that, “the Office for Nuclear Regulation and the Environment Agency are satisfied that this reactor, designed by EDF Energy and Areva, meets regulatory expectations on safety, security and environmental impact.”

Related Article: Clinton Shills for Westinghouse Nuclear Project in Czechoslovakia

EDF said that, “it has been demonstrated that the design is robust even when challenged by extreme events such as those seen following the Fukushima incident in 2011.”

The UK government is now negotiating with utilities to determine electricity prices that they can charge in order to make new projects, such as wind and nuclear, economically viable. The costs to build new nuclear power plants have increased since the Fukushima disaster in 2011 as tighter regulations and rules have been applied to the design process, raising concerns that the technology is now too expensive.

By. Joao Peixe of Oilprice.com

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News