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NRC to Meet With Toshiba on Nuclear-Reactor Design (Correct) - Bloomberg.com
U.S. Nuclear Regulatory Commission staff will meet with Toshiba Corp. next week to discuss the safety of its proposed AP1000 nuclear-reactor design.
Toshiba’s Westinghouse unit will address the commission’s concern about the structural integrity of the silo-shaped shield building that would contain the reactor and trap radioactivity in an accident, NRC Chairman Gregory Jaczko said today in an interview at Bloomberg’s New York bureau.
Containment buildings at existing reactors were poured at the site as a solid piece of steel-reinforced concrete, Jaczko said. Toshiba wants to piece the building together from sections, he said.
“Where the staff has some concerns is how those things are tied together,” Jaczko said. “When you’re dealing with the kinds of accident scenarios that we look at, or hurricanes or tornados or seismic events, will that structure maintain its integrity?”
AFP: Japanese firms to develop small nuclear reactors
Japan's major nuclear reactor manufacturers have begun developing small nuclear power systems for both developed and emerging countries, a report said on Saturday.
Toshiba Corp. is developing an ultra-compact reactor with an output of about 10,000 kilowatts and has started procedures for approval in the United States, the Nikkei business daily said.
The new reactor, the Toshiba 4S, is designed to minimise the need for monitoring and maintenance, with an automatic shutdown function to ensure safety in case of problems, the newspaper said.
Nuclear Engineering International: Westinghouse forms new Japanese organization
Westinghouse Electric Company has formed a new organization to deal with Japanese produces and services, which it hopes will help to increase business in Asia.
The new organization will work closely with Toshiba Corporation’s nuclear energy systems & services division to maximise its support for the Japanese utilities
“Establishment of Westinghouse Electric Japan is part of our long-term growth strategy to enhance businesses in the Asian region,” says Westinghouse president and CEO Aris Candris.
New NRG nuclear plant to cost $10 billion | Reuters
The cost to build a new nuclear power plant in Texas has risen to $10 billion, up from early estimates, but much below price tags of other proposed U.S. nuclear projects, an executive with NRG Energy Inc's nuclear development arm said on Tuesday.
The "all in" cost to build two 1,350-megawatt nuclear reactors in South Texas has risen 40 percent from 2006 estimates which did not include financing costs, Steve Winn, chief executive of Nuclear Innovation North America (NINA), told the Reuters Global Energy Summit.
While higher, NINA's current estimate is more than $10 billion under estimates from other nuclear developers that operate in states where regulators determine how much money utilities can charge customers for new power plants.
AFP: Japan's Toshiba announces biggest loss
Japanese high-tech giant Toshiba Corp. announced Friday its biggest ever loss and warned it would remain mired in the red this year because of weak demand computer chips.
The group, which owns US nuclear plant maker Westinghouse, suffered a net loss of 343.6 billion yen (3.5 billion dollars) in the year to March, against a year-earlier profit of 127.4 billion yen.
It logged an annual operating loss of 250.2 billion yen, against a profit of 246.4 the previous year. Revenue slid 13 percent to 6.65 trillion yen.
"The economic downturn has appeared to hit bottom but we are not seeing a recovery yet," vice president Fumio Muraoka told reporters. "We cannot expect a rapid rebound."
Toshiba to Buy Nuclear Fuel Stake for $103 Million (Update1) - Bloomberg.com
Toshiba Corp., Japan’s largest supplier of reactors, will spend 10 billion yen ($103 million) buying a nuclear-fuel manufacturer to help compete with global rivals such as Areva SA for new atomic power plants.
Toshiba subsidiary Westinghouse Electric Co. agreed to buy a 52 percent stake in Nuclear Fuel Industries Ltd. from Sumitomo Electric Industries Ltd. and Furukawa Electric Co., Toshiba said in a statement to the Tokyo Stock Exchange today. It plans to complete the purchase in May, it said.
Better access to fuel may help Toshiba win orders as competition with France’s Areva and an alliance between Hitachi Ltd. and General Electric Co. intensifies. Nuclear power generation is set to increase as developing countries led by China and India build more reactors to meet demand and cut carbon emissions blamed for global warming.
Toshiba to buy stake in Japanese nuclear company: report | Deals | Reuters
Toshiba Corp will take a 52 percent stake in a Japanese nuclear fuel producer for about 10 billion yen, the Nikkei business daily said without citing sources.
Westinghouse Electric Co, a U.S. subsidiary of Toshiba will buy shares of Nuclear Fuel Industries Ltd from Furukawa Electric Co (5801.T) and Sumitomo Electric Industries (5802.T) in an equal joint venture, the paper said.
As a result of the deal, stakes of Furukawa Electric and Sumitomo Electric will come down to 24 percent each.
Toshiba Negotiating to Buy Nuclear Fuel Rods From Kazakhstan - Bloomberg.com
Toshiba Corp., Japan’s largest supplier of reactors, is in talks to buy nuclear-fuel rod assemblies from Kazakhstan after opening a new uranium mine in the central Asian nation.
Toshiba President Atsutoshi Nishida, speaking in Almaty, the country’s financial center, declined to say when an agreement may be signed or how much it may be worth.
Kazakhstan’s state-owned Kazatomprom, Canadian miner Uranium One Inc., Toshiba and a group of Japanese companies led by Tokyo Electric Power Co. yesterday opened a mine in southern Kazakhstan as the country seeks to supply about a third of Japanese uranium demand by 2014. The partners have invested $490 million in the TOO Kyzylkum joint venture, which aims to produce 3,000 metric tons of uranium from the mine in 2014.
Toshiba Said to Buy Majority Stake in Nuclear Fuel Company - Bloomberg.com
Toshiba Corp., Japan’s largest supplier of reactors, plans to buy a controlling stake in a nuclear fuel supplier to help compete with global rivals for new atomic power plants, officials said.
Toshiba’s Westinghouse Electric Co. seeks to buy more than 50 percent of Nuclear Fuel Industries Ltd. from Sumitomo Electric Industries Ltd. and Furukawa Electric Co., said two officials close to the negotiations who declined to be named before an announcement. Yuichiro Horiba, a spokesman at Osaka- based Sumitomo Electric confirmed the talks and said the companies have yet to reach a decision.
AFP: Toshiba wins US nuclear plant projects
Japan's Toshiba Corp. said Wednesday it had won a contract to build two nuclear plants in the United States that are scheduled to start generating power in 2016.
It is the first such contract a Japanese company has won overseas, covering the projects entirely from engineering and procurement to construction of the nuclear plants, the company said.
Under the contract, Toshiba America Nuclear Energy Corp., a US-based Toshiba subsidiary, will build two Advanced Boiling Water Reactor (ABWR) nuclear power plants in Texas.
Toshiba, Tepco to buy stake in Canada's Uranium One | Reuters
Japan's Toshiba Corp said on Tuesday that it, Tokyo Electric Power Co and the Japan Bank for International Cooperation will together buy C$270 million ($221.9 million) worth of shares in Canada's Uranium One Inc.
The private placement issue price of C$2.30 per share represents a 15 percent premium to the 20-day volume weighted average price of Uranium One shares in Toronto.
Could nuclear reactors solve the energy crunch in rural Alaska?
Hundreds of miles from the nearest power plant, the roughly 700 residents of Galena, Alaska, depend on costly generator-supplied electricity for their homes.
But now, they want to go nuclear.
No, not a traditional hulking nuclear power plant. That would be far too big. Instead, town leaders have signed up for what some call a “pocket nuke” or “nuclear battery” that produces just 10 megawatts – about 1 percent of the energy an average nuclear plant generates.
Japanese manufacturer Toshiba has told the town it will install its new “4S” (Super-safe, small, and simple) reactor free of charge by 2012.
The unit, which would be buried about 100 feet underground, would only have to be refueled every 30 years or so. A turbine station would sit above the reactor, turning heat from the reactor into electricity.
Toshiba to tie up with S. Korean nuclear firm: The Daily Yomiuri
Toshiba Corp. has reached an agreement with IHI Corp. and South Korea's leading heavy industries corporation over a business tie-up in the production of nuclear reactors, company sources said Tuesday.
The latest accord means IHI, a major shipbuilding and engineering corporation formerly known as Ishikawajima-Harima Heavy Industries Co., and Doosan Heavy Industries Co. will participate in a nuclear power business framework established in 2006 when Toshiba acquired the U.S. company Westinghouse Electric Corp.
Toshiba reports teens worked at nuke plant - UPI.com
TOKYO, June 4 (UPI) -- Toshiba Corp., a conglomerate based in Tokyo, said Wednesday eight workers younger than 18 were unlawfully hired to inspect three nuclear power plants.
Toshiba officials said a subcontractor hired the teens for frequent surveys of three nuclear facilities, and six of the young workers spent time in restricted locations at risk of radiation exposure.
Toshiba expects 33 reactor orders by 2015
Japan's Toshiba Corporation expects orders for at least 33 nuclear power reactors by 2015, and plans to expand all its nuclear businesses over the period to 2020, according to the company's president.
The predictions were made earlier this month in Strategies for Growth 2008, the company's outline of the business directions planned for all its divisions.
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