TEPCO interested in Texas nuclear project
SAN ANTONIO, TEXAS - NRG Energy may be locked in battle with San Antonio utility CPS Energy over the expansion of the South Texas Project nuclear power plant, but it appears there's another party waiting in the wings: Japanese utility giant Tokyo Electric Power Co.
A spokesman for the company says it is mulling an investment in the two-reactor expansion to the existing plant near Bay City, according to Reuters.
The project is one of four on a short list for $18.5 billion in federal loan guarantees, but a dispute over the price of the project has CPS trying to pull out of the joint venture it is in with NRG Energy to build the new units. A multi-billion dollar lawsuit is getting underway now, which threatens to pull the project out of contention for the loans.
Given the legal brawl underway, a TEPCO deal is a bit of a side issue at the moment, said NRG CEO David Crane in a statement:
"Given the dispute between CPS and NINA, the subject of additional partners in the project is not particularly relevant at present. Tokyo Electric, as the largest owner and operator of ABWR plants in the world, has acted for three years as a consultant to CPS Energy and NINA in respect of the STP 3 and 4 project. For our part at NRG and NINA, we have the highest respect for Tokyo Electric and believe that they strengthen the project in any capacity in which they participate."
Related News
Are Norwegian energy firms ‘best in class’ for environmental management?
OSLO - By Tom Baxter
The recent Energy Voice article from the Equinor chairman concerning the Mariner project heralding a ‘significant point of reference’ for growth highlighted the energy efficiency achievements associated with the platform.
I view energy efficiency as a key enabler to net zero and it is a topic I have been involved with for many years.
As part of my energy efficiency work, I investigated Norwegian practices and compared them with the UK.
There were many differences, here are three;
1. Power for offshore installations is usually supplied from gas turbines burning fuel from the oil and gas processing plant and…
