Construction of floating power station on hold
CORDOBA, ARGENTINA - The construction of Russia's first floating nuclear power plant, Academiciam Lomonosov, has been put on hold because the Sevmash factory, its main contractor, is facing budget shortfalls.
The company is a Defense Ministry factory whose priority is fulfilling military orders.
In May, Russian officials announced that the delay in the building of the floating nuclear power plant would not last more than five months, adding that the plant would be ready in 2011 instead of the originally estimated date of 2010.
The controversial power station is equipped with two 30-MW KLT40C reactors housed in ice-breaking vessels. The construction, which is estimated at more than $336 million, is 60% complete.
The floating nuclear power plant will supply electricity to the town of Severodvinsk and will cover the nearby Sevmash shipbuilding plant's energy needs.
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Ontario government wants new gas plants to boost electricity production
TORONTO - The Ontario government is preparing to expand gas-fired power plants in Ontario; a move critics say will make the province's electricity system dirtier and could eventually leave taxpayers on the hook.
The province is currently soliciting bids for additional gas-fired electricity generation, which means new gas plants get built, or existing gas plants get expanded.
It's poised to be Ontario's biggest increase in the gas-fired power supply in more than a decade since the previous Liberal government scrapped two gas plants, in Mississauga and Oakville, at a cost the auditor general pegged at around $1 billion.
Doug Ford's energy minister, Todd…
