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PostPosted: Nov 05, 2017 12:44 am 
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Nuclear power is priced out of market in N America and West Europe but continues at other places.


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PostPosted: Nov 06, 2017 7:39 am 
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Contractor wasted millions on unnecessary supplies for S.C.'s failed nuclear reactors

Here's why:

Quote:
Westinghouse made 15 cents on every dollar for materials, according to the original 2008 construction contract. The more it spent, the more it made. That didn't change until the Pennsylvania-based company agreed in 2016 to finish the nuclear reactors for a fixed price.


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PostPosted: Nov 12, 2017 10:50 am 
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The moment that helps explain how South Carolina lost its $9 billion nuclear power bet

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The deal was simple: SCE&G and its partner, Santee Cooper, would agree a final time to shovel more money into the new reactors at the V.C. Summer Nuclear Station north of Columbia. But if the budget kept spiraling out of control, it would be on their contractor, Westinghouse Electric Co., to swallow the extra costs.

The deal also had a downside, one the executives didn't mention: While Westinghouse had a venerable, century-long history in the power business, executives were worried it couldn't afford to cover the project's soaring costs.

If Westinghouse backed out or reneged, the whole project could go under — and electric customers around the state would be stuck with a multibillion-dollar bill for a plant that might never generate a watt of power.


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PostPosted: Nov 19, 2017 12:18 pm 
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Toshiba Seeks $5.4 Billion Cash Injection to Avoid Delisting

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Toshiba Corp. plans to sell shares to raise 600 billion yen ($5.4 billion) and will explore a divestment of its Westinghouse-related assets in a bid to avoid being removed from the Tokyo Stock Exchange. Selling its holding in and its claims against nuclear-power business Westinghouse will let Toshiba “significantly reduce” resources required to rehabilitate that unit, funds that can be focused on new businesses, the company said in a statement Sunday. With the cash from a successful share sale, Toshiba expects that the consolidated negative 750 billion yen on its balance sheet will be erased by the end of the fiscal year in March. Overseas firms, including Effissimo Capital Management PTE, are planning to make investments, it said.


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PostPosted: Nov 20, 2017 1:55 am 
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Nuclear power business is running well in Russia, China and Korea but is failing in new construction in thr US, W Europe and Japan. The US and Europe should concentrate on keeping existing assets running and outsource new construction. A major dilemma for France!


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PostPosted: Nov 20, 2017 5:03 pm 
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http://www.telegraph.co.uk/business/201 ... raise-4bn/


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PostPosted: Nov 22, 2017 12:12 am 
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Toshiba have to look after their corporate problems but nuclear power is important for the world. Fortunately there are others to carry the flag when North America and Western Europe are exhausted. So is Japan.


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