Nuclear: Mickey Mouse energy solutionToday's big stories from the nuclear industry:

Israel to announce new nuclear power plant project

‘Israel is expected to unveil plans this week to build a nuclear power plant, reports say. They say an announcement will be made by Israeli Infrastructure Minister Uzi Landau at an energy forum in Paris. Israel is facing a crisis over electricity supplies, but environmental objections have blocked efforts to build a new coal-fired plant. Israel has two nuclear reactors, including the Dimona facility which is said to have produced nuclear weapons. He has reportedly discussed the possibility of co-operating in the project with French Energy Minister Jean-Louis Borloo, together with neighbouring Jordan. France is one of the world leaders in electricity production from nuclear power. In the 1950s, Paris helped Israel to build the Dimona facility.’

Sarkozy encourages the world to support nuclear power

‘France urged international financial bodies to finance a new era of global nuclear power on Monday and pitched its own reactor technology as the model to follow. Welcoming delegates from 60 energy-hungry nations to a conference in Paris, President Nicolas Sarkozy said civil nuclear power had been unfairly passed over for World Bank development loans. He called on world and regional financial bodies to finance new nuclear projects in developing countries, and announced that France would set up an international institute to promote atomic technology."I can't understand why nuclear power is ostracised by international finance, it's the stuff of scandal," he said, urging the World Bank, the European Bank for Reconstruction and Development and others to do more.’

South Korea eyes more nuclear power plant projects in Abu Dhabi

‘ABU DHABI - South Korea, which through a consortium signed a landmark agreement to build four nuclear power plants in the United Arab Emirates, hopes to build four more, the country's ambassador said. "We hope to build four more reactors, but so far there is no agreement on this," Chung Yong-chil, South Korean ambassador to United Arab Emirates, told reporters on the sidelines of an Abu Dhabi-Korea Investment Conference held in the capital on Monday. The UAE awarded a contract worth $20 billion, one of the largest-ever energy projects awarded in the Middle East, to a South Korean consortium in December to build and operate four nuclear reactors. A spokesman for the Emirates Nuclear Energy Corporation, or ENEC, reiterated his corporation's stated position that the corporation may order more reactors in the future, depending on the strength of power demand.’

Reprocessed nuclear waste arrives in Japan from Britain

‘AOMORI, Mar. 8, 2010 (Kyodo News International) -- A ship carrying high-level radioactive vitrified waste arrived Tuesday morning at a port in Rokkasho, Aomori Prefecture, from Britain. The cargo comprises a total of 28 cylinders of nuclear waste that was converted into solidified glass in Britain for disposal on behalf of four Japanese power companies -- Tokyo Electric Power Co., Kansai Electric Power Co., Shikoku Electric Power Co. and Kyushu Electric Power Co., according to Japan Nuclear Fuel Ltd.’

Exelon CEO Gets $12M in '09 Compensation

‘CHICAGO (AP) -- The top executive of the nation's largest nuclear power company received total compensation of $12 million in 2009, down 1 percent from 2008, according to an Associated Press calculation of figures disclosed in a regulatory filing on Monday. But about 70 percent of the package for John Rowe, chairman and CEO of Exelon, came in the form of stock options that currently have little value unless the company's stock price increases. Rowe made $12.2 million in 2008.’

Nuclear Plants Lose Bid to Extend Security Deadline

‘March 8 (Bloomberg) -- The U.S. Nuclear Regulatory Commission denied a petition by the Nuclear Energy Institute to extend by nine months a deadline for new security requirements. Owners of nuclear reactors must meet the tighter security rules by March 31 as planned, or seek a waiver, the commission said today in a statement. The Nuclear Energy Institute is an industry lobbying group in Washington that represents about 350 members, including reactor builder Areva SA and power company Exelon Corp., according to the organization's Web site.’

Barroso wants EU-wide law for radioactive waste

‘The European Commission will propose a law intended to harmonise how countries manage radioactive waste by the end of the year, Commission President José Manuel Barroso announced today. Speaking at a conference of the International Atomic Energy Agency in Paris, Barroso said that radioactive waste was "a major pre-occupation" for the public and promised that the Commission would publish a draft law on nuclear waste management before the end of the year. Under the proposals being discussed, national governments would be required to draw up national plans to manage nuclear waste, which address the issue of burying highly radioactive waste deep underground. Barroso also called for European nuclear safety standards to become legally binding throughout the world.’