Hitachi to build ABWRs in the UK


jagdish
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Re: Hitachi to build ABWRs in the UK

Post by jagdish » Jan 11, 2019 7:26 pm

The nuclear power is getting developed out of affordability.


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Kirk Sorensen
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Re: Hitachi to build ABWRs in the UK

Post by Kirk Sorensen » Jan 17, 2019 7:33 pm

Hitachi freezes British nuclear project, books $2.8 bln hit
Japan’s Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a writedown of 300 billion yen ($2.75 billion) on its British nuclear unit. The suspension comes as Hitachi’s Horizon Nuclear Power failed to find private investors for its plans to build a plant in Anglesey, Wales, which promised to provide about 6 percent of Britain’s electricity. Hitachi had called on the British government to boost financial support for the project to appease investor anxiety, but turmoil over the country’s impending exit from the European Union limited the government’s capacity to compile plans, people close to the matter previously said. ($1 = 108.9300 yen)
Hitachi to Cease Work on Nuclear Power Plant in North Wales
Hitachi said on Thursday that it was suspending work on a 15 billion pound, or $19.3 billion, nuclear power project in North Wales after failing to agree on financial terms with the British and Japanese governments. “The decision was made from the viewpoint of Hitachi’s economic rationality as a private enterprise,” the company, based in Japan, said. Ben Russell, a spokesman for Hitachi’s British venture, Horizon Nuclear Power, said that discussions with the governments would continue but that its staff, currently around 300 people, would be cut to “a minimal handful.” Hitachi will also stop planning work on a second project, in Oldbury, England. The company said it planned to take a write-off of 300 billion yen, or $2.75 billion, on the projects. The decision by Hitachi is a blow to the British government, which is betting heavily on nuclear installations to help meet the country’s electric power needs in the coming decades. The big question is whether Hitachi’s move will be a death knell for Britain’s campaign to build nuclear plants, which so far has resulted in only one project under construction.

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Kirk Sorensen
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Re: Hitachi to build ABWRs in the UK

Post by Kirk Sorensen » Jan 17, 2019 7:35 pm

Wylfa Newydd and the energy gap
"Arguably we have the best site in Europe here for new nuclear build." That's how Horizon Nuclear Power described its base on Anglesey in an interview with BBC Wales back in 2016. The geography was right, with a skilled local community that had grown up around the old Wylfa plant on hand. As the name suggests - Wylfa Newydd, a 'new Wylfa' - was meant to mark the start of a fresh chapter for nuclear power generation on the island. It was an important step too towards realising the UK government's ambition for a fleet of modern reactors to supply us with electricity for decades to come. Always upbeat and outwardly confident, Horizon had celebrated many "milestones" since taking on the scheme in 2009 - licences to use the reactors approved, applications for environmental permits and planning permission submitted. But in the energy industry, rumours began to swirl about its parent company - Japanese tech giant Hitachi's commitment to the project. Finding investors to fund the upfront costs - which in 2018 had reportedly doubled to £20bn for Wylfa and another plant at Oldbury in Gloucestershire - seemed to have become a step too far. And negotiations in Westminster around the price to be paid for power from the plant are yet to produce any firm commitments. Ministers wanted the subsidy to be less than was agreed for Hinkley Point C in Somerset - a deal that was heavily criticised for being too expensive.


jagdish
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Re: Hitachi to build ABWRs in the UK

Post by jagdish » Jan 19, 2019 9:14 pm

The British always had their own reactor design. The graphite designs are voluminous and costly. They should now try out Russian fast reactors or their own oil moderated and cooled reactors. They have enough plutonium for thorium plutonium fuel for decades.


jagdish
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Re: Hitachi to build ABWRs in the UK

Post by jagdish » Jan 25, 2019 1:44 am

Their problem is high initial cost. The possible solutions are
1. Design changes
2. Outsourcing to low cost builders.
Low pressure molten Salt Reactor and low vapor pressure moderator-coolant are possible design changes. Fast reactors with non-sodium coolant are also possible.
Chinese or Koreans could be low cost builders.
Last edited by jagdish on Feb 02, 2019 12:49 am, edited 1 time in total.

E Ireland
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Re: Hitachi to build ABWRs in the UK

Post by E Ireland » Jan 27, 2019 11:50 am

Well the Hitachi Chairman essentially said what everyone in the industry already knew.

Nuclear is inherently a highly capital intensive, long term endeavour.
The current private owned model is simply incapable of producing plants.

This is why the only people getting anywhere are the state investor model builders, like Russia and China.


jagdish
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Re: Hitachi to build ABWRs in the UK

Post by jagdish » Feb 02, 2019 12:56 am

Nuclear construction has ceased to be a profitable business in the rich world. It is Russia and China business now.

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