UK's PM supports nuclear power "renaissance"
The new UK Prime Minister, Boris Johnson, has expressed support for nuclear power as part of the energy mix in UK as he faced the members of the House of Commons saying it is now the time for "nuclear renaissance". In 2030, eight of the operating nuclear plants in UK are set to retire with the new-built projects have faced financial uncertainty in the last two years.
On July 22, UK Government, through the Secretary of State for Business, Energy and Industrial Strategy, has launched an open consultation from stakeholders on a proposed Regulated Asset Base (RAB) model for new nuclear power projects and its high-level design principles. The consultation will be used as a reference for funding large-scale nuclear power plants and a proposed GBP18 million (US$22 million) investment into small modular reactors.
Hinkley Point C (HPC) project, which is currently under development by EDF Energy in Somerset, England is ineligible for the RAB model. However, EDF plans to apply to with the new model in their future plans. EDF, together with China General Nuclear (CGN), NuGeneration (NuGen) and Horizon Nuclear Power, has five more new-build projects in the pipeline.
Country updates
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July 25, 2019
London underground to get 4G connectivity by March 2020
The Transport for London (TfL) in the UK has confirmed that the whole of London Underground network (tunnels and stations) will have 4G connectivity by March 2020. In 2017 the 4G service trials...
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July 24, 2019
Franklin Templeton fund acquires six new assets
The first state-oriented social impact infrastructure fund in Europe, Franklin Templeton Social Infrastructure Fund (FTSIF), has expanded its portfolio after it has acquired six new and additiona...
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July 24, 2019
UK launches consultation for Regulated Asset Base (RAB) model for nuclear
The UK Government, through the Secretary of State for Business, Energy and Industrial Strategy, is launching an open consultation from stakeholders on a proposed Regulated Asset Base (RAB) model...
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July 24, 2019
RFEOI launched for Ronaldsway Airport refurbishment works
The Isle of Man Government in the UK has launched a request for the expression of interest for suitably experienced contractors to provide runway and taxiway refurbishment works at Ronaldsway Airport...
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July 24, 2019
Newcore Capital acquires GBP 9 million (US$ 11.23 million) assets for it's new fund
Newcore capital management has acquired GBP 9 million (US$ 11.23 million) assets in south England to accommodate its new fund, Newcore Strategic Situations IV. The fund is GBP 100 million&nb...
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