Babcock & Wilcox

B&W, TVA Plan Small Modular Reactor

Submitted by aburr on Wed, 2013-02-27 15:50

Babcock & Wilcox mPower (B&W mPower) and the Tennessee Valley Authority (TVA) signed a contract to prepare and support nuclear regulatory commission (NRC) review of a construction permit application for a B&W mPower small modular reactor (SMR) nuclear plant at TVA’s Clinch River Site in Oak Ridge, Tenn. The DOE awarded a cost-sharing grant to B&W mPower in November 2012. Preliminary work at the Clinch River site is expected to begin once B&W mPower and the DOE sign a cooperative agreement for the grant funds.

Canadian Money Targets Power Generation Overseas

CANADA MAY CLAIM ONLY A SMALL SHARE OF THE world's high-profile power developers, but that hasn't stopped its financial institutions from becoming big players. These public and private lenders have made available billions of dollars to nearly any project willing to use Canadian consultants or equipment.

Furthermore, the government is willing to back its country's products with political risk insurance as part of the package. In a world where power projects are becoming expensive and pose greater market and political risk, Canadian involvement is welcomed.

Byline: 
Sarah McKinley
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