International

As part of a remedy package to appease the European Commission, Alstom will accept $331 million less than the original $13.63 billion purchase price offered by General Electric (GE) to close the deal.  The much-anticipated deal has come under close scrutiny by the European Commission, which opened a full-scale antitrust investigation into the deal on […]

Five of Germany’s largest lignite power plants will be mothballed to allow the country that is already phasing out nuclear power to meet ambitious climate goals by 2020.  In what it called a “milestone decision,” the government on July 2 agreed to scrap plans to impose a controversial—and by some accounts, illegal—climate tax for conventional […]

China on June 29 submitted its Intended Nationally Determined Contribution (INDC) for reducing carbon emissions to the United Nations in preparation for the COP21 climate negotiations in Paris later this year. The INDCs are formal pledges toward a hoped-for binding agreement. The Chinese pledge builds on its November agreement with the U.S. In its INDC, […]

This is a web supplement to “Riding Off into the Sunset: Nuclear Decontamination and Decommissioning Update,” appearing in the July 2015 issue of POWER.   The Ignalina Nuclear Power Plant (INPP) is located in eastern Lithuania near Visaginas—a town of more than 20,000 people founded in the mid-1970s for workers constructing INPP and for the […]

Several major nuclear announcements surfaced from around the world this week. South Korea plans to retire its oldest nuclear reactor early, Nigeria selected two sites for the construction of four nuclear reactors, while Pakistan approved the construction of two China-assisted reactors.  KHNP Moves to Retire Kori 1 Early  Amid growing concerns about the safety of […]

At the annual Power-Gen Europe Conference held in Amsterdam, in the Netherlands, International Energy Agency (IEA) Executive Director Maria van der Hoeven called for greater leadership as Europe tackles de-carbonization, distributed energy, and market integration. She began her presentation by highlighting one of the biggest changes to Europe’s power markets: The May 20 decision to […]

Germany’s tax on nuclear fuel rods is not against European Union (EU) law, the bloc’s top court has ruled. The decision from the Luxembourg-based Court of Justice of the European Union on June 4 may be detrimental to utilities that own nuclear power plants, which have already paid about $5.67 billion in the levies that […]

China’s State Nuclear Power Technology Corp. (SNPTC)—general contractor of the first four AP1000 units being built in China—and China Power Investment Corp. officially announced a merger in a move to reinforce the country’s plans to eventually export reactors. The new company, State Power Investment Corp., will own assets worth more than $112.94 billion. SNPTC was […]

This interview with Dr. Fatih Birol, Chief Economist, Director of Global Energy Economics and Executive Director (starting September 2015), International Energy Agency (IEA) was conducted by Global Business Reports in May 2015. It has been edited for style and length and is a web-only supplement to the sponsored report “Power in Turkey” appearing in the […]

Workers at San Diego’s General Atomics (GA) on April 10 began the years-long process of winding the 1,000-ton superconducting electromagnet that will power the ITER fusion reactor under construction in southern France. The $16 billion ITER project, a consortium of the U.S., the European Union, Russia, China, Japan, and other nations, aims to test reactor-scale […]