Russia Ready to Cooperate on Building Finnish Loviisa Nuclear Plant
HELSINKI - - Russia's state nuclear energy agency, Rosatom, provides the nuclear fuel for the first and the second power units of the Loviisa plant in southern Finland .
Finland and Russia already work together on projects in the nuclear sector, such as the construction of the Hanhikivi 1 plant in Finland . Finnish nuclear company Fennovoima Ltd and Rusatom Overseas, a subsidiary of Rosatom, signed a contract in 2013 to construct the nuclear power plant in northern Finland.
The facility will include a Russian-designed 1,200-megawatt pressurized water reactor.
According to the project time line, Hanhikivi 1 will begin producing electricity in 2024.
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Texans to vote on funding to modernize electricity generation
DALLAS - Texans are set to vote on Tuesday on a constitutional amendment to determine whether the state will create a special fund for financing the "construction, maintenance, and modernization of its electric generating facilities."
The energy fund would be administered and used only by the Public Utility Commission of Texas to provide loans and grants to maintain and upgrade electric generating facilities.
The biggest chunk of the fund, $7.2 billion, would go into loans and incentives to build new power-generating facilities in the ERCOT (Electric Reliability Council of Texas) region.
The proposal, titled Proposition 7, is one of several efforts by lawmakers…
