Business & Money

Vattenfall mulls new Swedish nuke plants

Published: 30 Oct 09 08:29 CET
Updated: 30 Oct 09 15:56 CET
Online: http://www.thelocal.se/22968/20091030/

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Swedish state-owned power firm Vattenfall unveiled plans at a press conference on Friday to which could result in the construction of a new nuclear power station, according to a statement.

Vattenfall confirmed reports that it is to continue a partnership with Industrikraft, a firm formed last summer with the goal of providing nuclear power to Swedish industry.

"We at Vattenfall's are very happy to be able to continue our close partnership with representatives for Swedish industry and work together to develop energy solutions for the future," Hans von Ulthmann, Vattenfall vice CEO said.

The firms behind Industikraft include some of Sweden's major industrial firms, such as paper firm Holmen, SCA, Boliden and Eka Chemicals.

Industrikraft was formed less than six months before the government parties agreed to lift a moratorium on the construction of new nuclear power.

The government decision paved the way for up to ten new reactors to be built at existing nuclear power facilities.

Vattenfall explained that the next phase in the project would be to investigate and reach a decision on concrete partnership projects.

"The partnership is fully in line with our long-term strategic goal "Making Electricity Clean" and contributes to the achievement of stated climate goals," Vattenfall CEO Lars G Josefsson said.

As Vattenfall's owner the Swedish state retains the final say on any plans to construct new nuclear power facilities on Swedish soil.

Peter Vinthagen Simpson
news@thelocal.se
+46 8 656 6518

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Your comments about this article:

19:05 October 30, 2009 by DamnImmigrant
Are these going to be the new type of passive safety reactors or just more of the same old - same old?
21:56 October 30, 2009 by Coalbanks
Is any form of energy clean & green? Coal, petroleum, natural gas, methane are all heavy polluters in their extraction, processing, transportation & consumption. Likewise nuclear. Wind - powered turbines are, to some, an eye-sore blot on the landscape that kills birds & creates health-destroying noise & vibrations below human hearing range. Hydro-generators destroy river ecologies. Solar generated power is transpoorted on ugly pylons that intrude on scenic views and require requisition of private lands as do other electrical power lines. Solution?
22:38 October 30, 2009 by Nemesis
This is good news.

Nuclear power can add stability to a system that is top heavy with wind and other forms of renewable energy production.

Like it or not, nuclear is here to stay.

Hopefully ITER will be a sucess and nuclear fusion will increase our options regarding power production. Then we will be able to cut down on fossil fuel imports substantially.
11:43 November 1, 2009 by Twiceshy
Coalbanks: Solution, don't use the dirtiest forms of energy (coal is the dirtiest of all, with radioactivity levels exceeding nuclear power emissions, as well as other problems like mercury emission), and accept the fact that everything we do has its impact.
09:54 November 2, 2009 by Aussie_Downunder
I like my coal dirty
01:06 November 3, 2009 by MikeSar
Nuclear power does not directly contribute to Global Warming, it emits no Greenhouse gases but it does emit about three times more heat, directly to the atmosphere.

Heat-wise, nuclear is very inefficient.

Cost-wise, it is competitive. That may be why they are being build, you think?

But, in Sweden, they are more heat efficient because of the colder cooling waters.

Denmark is on track to switch 30% of its energy to Renewable. Uranium is not a Renewable fuel.

Then, there is the matter of the risk. The USA and Russia showed how expansive one accident can be. Only China and India are building them. India has no access to cold waters, they will heat the air directly while BAngladesh drowns.
03:58 November 3, 2009 by knownukes
Nuclear plants emit from 10% to 30% more heat than coal or gas plants. Nuclear plants emit NO CO2. If fossil plants need to capture carbon, then their thermal advantage will be gone. Nuclear is the best bet for clean, reliable, safe, and economic large scale production of electricity.
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