Vattenfall's Josefsson: We have not ruled out UK nuclear investment

By Tim Probert

16 November 2009 - Vattenfall's outgoing CEO Lars Josefsson, in an interview with Power Engineering International (PEi), said the Swedish utility will look to invest in nuclear power stations in the UK after 2010.

Last month state-owned Vattenfall dropped plans to build new nuclear plants in the UK under pressure from the Swedish government. Sweden's minister for enterprise and energy, Maud Olofsson, said in November that investment in UK nuclear power had been "dismissed on business grounds" due to the recession.

However, Vattenfall considers nuclear power investment in the UK to be an attractive long-term prospect. "In the short term there is no room for investment in the UK, at least not in the next couple of years. However, nuclear power is a very long term commitment and I wouldn't rule it out in the longer term," Josefsson told PEi.

Josefsson, who is to be replaced in the first half of 2010 by Øystein Løseth, CEO of the Dutch company Nuon, which is 49 per cent owned by Vattenfall, said the UK should introduce new mechanisms in order to facilitate investment in nuclear power.

"Nuclear power is very capital intensive, so it's a question of the UK government doing more for risk mitigation. I'm not sure about a carbon tax, but a carbon floor price would offer more certainty."

Sponsored by FLSmidth

Related Articles

NRC: DOE’s Yucca Mountain R&D meet NRC requirements

The staff of the U.S. Nuclear Regulatory Commission (NRC) published Volume 4 of its safety evaluation report on a proposed underground used nuclear fuel repository in Nevada.

Westinghouse continues to provide nuclear fuel to French power plants

Westinghouse Electric Co. and EDF signed a new long-term nuclear fuel contract to support EDF’s nuclear power plants in France.

Follow Power Engineering on Twitter
Latest News

Coal plant operator says Colstrip remains profitable for now

The formation of a new company to run Montana's largest power plant has raised questions amon...

Maryland natural gas-fired power plant begins operations

The 120-MW Perryman 6 natural gas-fired power unit in Maryland began commercial operation.

Austria delays filing nuclear plant subsidy complaint

The Austrian government said it would delay filing a legal complaint against subsidies for a ...

NRC begins special inspections of Ft. Calhoun nuclear power plant

The U.S. Nuclear Regulatory Commission (NRC) started a special inspection at the Fort Calhoun...

Canada, UK sign nuclear energy cooperation deal

The United Kingdom and Canada signed a memorandum of understanding on civil nuclear energy co...

Westinghouse, European partners to supply nuclear fuel

Westinghouse Electric Co. and eight European consortium partners received 2 million euros ($2...

Appeals court backs MSHA on plan for mine serving Prairie State

The U.S. Court of Appeals for the District of Columbia Circuit has agreed with a branch of th...

Appalachian Power explains lack of more coal-to-gas conversions

The Appalachian Power Co. (APCo) unit of American Electric Power (NYSE:AEP) told the West Vir...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Product Listings

Nondestructive Examination and Testing

Advanced nondestructive examination, NDE, techn...

Engineering Services

Structural Integrity Associates, Inc. (SI) is a...

Buyers Guide Company Listings

Power Industry Wire News

Princeton Power Systems to Exhibit and Speak at the Intersolar North America Annual Conference

Princeton Power Systems to Exhibit and Speak at the Intersolar North America Annual Con...

W.S. Darley & Company Hosts Its Inaugural Charity Golf Tournament

W.S. Darley & Company Hosts Its Inaugural Charity Golf Tournament

Younicos, Duke Energy, and Samsung SDI to Enhance 36-Megawatt Battery Storage Plant in Texas

Younicos, Duke Energy, and Samsung SDI to Enhance 36-Megawatt Battery Storage Plant in ...

AXT Appoints Hong Q. Hou as Chief Operating Officer

AXT Appoints Hong Q. Hou as Chief Operating Officer

Cardinal Energy Group (CEGX) Settles Dispute With Concho Oilfield Services, LLC

Cardinal Energy Group (CEGX) Settles Dispute With Concho Oilfield Services, LLC

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>