Finland

San Onofre Nuclear Generating Station Fails Pressure Test, To Be Inspected By NRC

Still wondering why more nukes are not getting built in the West? In 2002, the Finland’s parliament approved the construction of Olkiluoto 3 expecting completion by 2009. To guard against cost over-runs, Finnish utility Teollisuuden Voima (TVO) signed a €3.2 billion (roughly US$4.2 billion at current exchange rate) fixed-price turnkey contract with a consortium including… Keep reading →

British Government Signs A Deal For New Nuclear Power Plant

Half empty in the West, half full in a handful of centrally planned economies Nuclear power’s prospects appears to be doomed in the West where markets and private investors tend to make the decisions and assume the risks, that is, if they can get the public’s support and regulator’s approval. In other parts of the… Keep reading →

The Sun Sets Down Between Transmit Electricity Towers In Shihezi

According to the International Energy Agency, power generation from non-hydro renewable sources including solar, wind and bioenergy will exceed gas and nuclear by 2016 and renewable power is expected to increase by 40% in the next five years. “Combined heat and power (CHP), also known as cogeneration, is the simultaneous production of electricity and heat… Keep reading →