Subscribe free to our newsletters via your
. Nuclear Energy News .




CIVIL NUCLEAR
Japan's Toshiba to buy 60% stake in British nuclear firm
by Staff Writers
Tokyo (AFP) Jan 15, 2014


Japan's Toshiba said Wednesday it would buy a controlling interest in British nuclear firm NuGeneration as it tries to rekindle an atomic business hammered by the 2011 Fukushima crisis.

The engineering giant said it had reached a deal with NuGeneration's owners -- France's GDF Suez and Spain's Iberdrola -- to take a 60 percent stake in the firm, which plans to build nuclear power plants in northwest England.

The purchase was worth about 102 million pounds ($167 million), but it was "subject to adjustment", Toshiba said without elaborating.

Toshiba's Tokyo-listed shares jumped 4.54 percent to 483 yen in early afternoon trading.

After closing the deal, expected in the first half of the year, Toshiba will hold the majority stake in the British firm, while GDF Suez will own 40 percent. The French and Spanish firms each currently hold a 50 percent share of NuGen.

"Toshiba, in collaboration with its group company, Westinghouse Electric...intends to move forward with the construction of three (pressurised water) nuclear reactors (in England) in partnership with GDF Suez," it said in a statement.

Toshiba boosted its interest in US-based Westinghouse last year as it eyes nuclear opportunities outside disaster-struck Japan.

Rival Hitachi said in 2012 it would buy British power firm Horizon to expand its business overseas.

Japan's nuclear stations have been shut down since 2011, when reactors at the Fukushima power plant were sent into meltdown after being hit by an earthquake-sparked tsunami, causing the world's worst atomic accident in a generation.

It also decimated demand for new atomic plants in Japan.

Japan's pro-nuclear Prime Minister Shinzo Abe has been pushing a drive to sign atomic contracts abroad.

Last year, Japan and Turkey agreed along-awaited deal to build a sprawling nuclear power plant on Turkey's Black Sea coast, marking the first order for Japan's atomic sector since the 2011 crisis.

.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CIVIL NUCLEAR
Fukushima operator paid way over odds on procurement
Tokyo (AFP) Jan 10, 2014
The operator of Japan's crippled Fukushima nuclear plant has paid way over the odds to contractors, a company spokesman said Friday, vowing to boost cost-controls at the taxpayer-subsidised firm. An internal probe looking at how contracts worth 1 trillion yen ($10 billion) were awarded has found the company routinely paid a lot more than the going rate because prices were inflated by layers ... read more


CIVIL NUCLEAR
NREL Finds a New Cellulose Digestion Mechanism by a Fast-eating Enzyme

More to biofuel production than yield

Inexpensive technique could drive down costs of biofuel production

York scientists' significant step forward in biofuels quest

CIVIL NUCLEAR
Quantum mechanics explains efficiency of photosynthesis

Ascent Solar To Build CIGS Production Plant In Jiangsu

GS Hong Kong Solar Opens CIGS Plant In China

ConnecTables Solar Charging Stations Offer Sustainable Charging Solution

CIVIL NUCLEAR
German wind farm operator Prokon warns of imminent insolvency

China to Power Ahead as Wind Turbine Rotor Blade Market Leader for Foreseeable Future

Wind Turbines Begin Providing Renewable Energy at Honda Transmission Plant in Ohio

Researchers Find Ways To Minimize Power Grid Disruptions From Wind Power

CIVIL NUCLEAR
Obama sets up quadrennial review of U.S. energy strategy

Li's Power Assets to spin off HK unit

US energy secretary delays India trip amid row

Suburban sprawl cancels carbon footprint savings of dense urban cores

CIVIL NUCLEAR
Acid mine drainage reduces radioactivity in fracking waste

Oil prices drop after interim Iran nuclear deal

Outside View: Asia's growing coal markets

Tax breaks for fracking firms as UK goes 'all out for shale'

CIVIL NUCLEAR
NASA's Kepler Provides Insights on Enigmatic Planets

Powerful Planet Finder Turns Its Eye to the Sky

New kind of planet or failed star? Astrophysicists discover category-defying celestial object

SF State astronomers discover new planet in Pisces constellation

CIVIL NUCLEAR
India's Soviet-era carrier arrives six years late

Qinetiq Paramarine Ship and Submersible Design Software Supports UBC Academic Program

'Satisfied' US audits Singapore institute over spy claims

Raytheon awarded contract for Ship Self Defense System support

CIVIL NUCLEAR
Mars Orbiter Images Rover and Tracks in Gale Crater

Who Wants to Go to Mars - One Way?

More than 1,000 chosen for one-way Mars reality-TV mission

One-way trip to Mars? Sign me up, says Frenchwoman




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement