Subscribe free to our newsletters via your
. Medical and Hospital 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
Microalgae and aquatic plants can help to decrease radiopollution in the Fukushima area

Typhoon sparks Philippine child trafficking fears: charity

Four years after earthquake, Haiti still in ruins

Mayor of Italy earthquake town quits over graft

CIVIL NUCLEAR
GPS Traffic Maps for Leatherback Turtles Show Hotspots to Prevent Accidental Fishing Deaths

China to upgrade homegrown GPS to improve accuracy

Beidou to cover world by 2020 with 30 satellites

Obama bans construction of GLONASS stations in US without Pentagon's approval

CIVIL NUCLEAR
'Ardi' skull reveals links to human lineage

Turning Off the "Aging Genes"

Money Talks When Ancient Antioch Meets Google Earth

Reading a good book may make permanent changes to your brain

CIVIL NUCLEAR
Namibia defends black rhino hunt

Hong Kong mulls following China to destroy ivory stockpile

Worker Wasps Grow Visual Brains, Queens Stay in the Dark

Chinese man detained after dead tiger found in SUV

CIVIL NUCLEAR
Hong Kong reports first H7N9 case of the year

Canada reports first H5N1 bird flu death in North America

H1N1 flu claims five lives in Canada's Alberta province

Hundreds monitored in Taiwan after bird flu case

CIVIL NUCLEAR
Blaze tears through ancient Tibetan village in China

Hong Kong jails three mainland mothers over birth tourism

China fines top filmmaker $1.2 mn over children

Chinese Good Samaritan kills himself over accusations

CIVIL NUCLEAR
Gunmen kill two soldiers in troubled Mexican state

China smugglers dig tunnel into Hong Kong: media

Mexican military seeks to oust cartel from port

Spain jails six Somalis for piracy

CIVIL NUCLEAR
More than 182,000 officials punished in China graft crackdown

China to allow fully private banks this year

China inflation rate 2.6% in 2013

Singapore's OCBC bank in talks to buy Hong Kong lender




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