Building a world of
resilient communities.

MAIN LIST

 

New lease of life for British nuclear reactors

British Energy is trying to extend the life of its nuclear reactors by five years, which would ease fears that the UK could face power shortages in the future.

The nuclear generator had planned to close Dungeness B in Kent first in 2008. But its chief executive, Mike Alexander, told The Independent on Sunday that the board is planning to ask the regulator, the NII, for permission to extend its life until 2013. The next two reactors slated for decommissioning are Hunterston B in Ayrshire and Hinkley Point in Somerset in 2011. Their lives could also be extended by five years each.

The company owns eight reactors, five of which had been scheduled for closure by 2014. The most modern reactor, Sizewell B in Suffolk, is the last due to close in 2035, according to the company.

Mr Alexander must make a final decision on Dungeness B next summer. "The commercial case is overwhelming," he said. The company must convince the regulator that the reactor can meet safety requirements. It was built in 1983.

He also revealed that advisory fees for the restructuring of British Energy had reached the "high £80m figure", up from £72m in September. Its market value is £75m.

It must pay bankers and lawyers advising both the company and its creditors on the implementation of a £5bn gov-ernment rescue deal, announced 18 months ago. It is awaiting approval from the European Commission for the rescue.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

Tags:  

Peak Oil Notes - May 22

A midweek roundup. After a five-session losing streak, oil prices reversed …

Review: Afterburn by Richard Heinberg

Heinberg, who has few peers in the art of distilling complex messages down …

The IMF Tells a Half-Truth

On May 18 the International Monetary Fund (IMF) published a report titled …

Renewable Energy: Is That Where Salvation Lies?

It’s common to read on blogs dealing with global warming that the only …

US Crude Oil Consumption Peaked a Decade Ago

Electric vehicles (EVs) are already cheaper to run than internal combustion …

Peak Oil Review - May 18

A weekly review including: Oil and the Global Economy, The Middle East …

Peak Oil: A Graphic Story

 The story of peak oil presented as a graphic novel.