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Slovakia’s climate and energy strategy delayed, targets higher gas usage

EURACTIV News - Thu, 2024-07-18 05:06
Slovakia falls behind in submitting its finalised national plan for emissions reduction by 2030, which now includes doubling the natural gas share in central heating systems and lacks a clear timetable for reducing fossil fuel use, raising concerns amongst environmentalists.
Categories: EurActiv

Spanish PM proposes media transparency law as right-wing decry censorship

EURACTIV News - Thu, 2024-07-18 05:00
Spain’s Prime Minister Pedro Sánchez (PSOE/S&D) on Wednesday proposed a “democratic regeneration” plan that he said would improve media transparency and shed more light on media ownership and funding.
Categories: EurActiv

Germany to halve military aid for Ukraine despite possible Trump White House

EURACTIV News - Thu, 2024-07-18 04:58
Germany plans to halve its military aid to Ukraine next year, despite concerns that US support for Kyiv could potentially diminish if Republican candidate Donald Trump returns to the White House.
Categories: EurActiv

Ursula von der Leyen faces opposition from Czech MEPs

EURACTIV News - Thu, 2024-07-18 04:56
The majority of Czech MEPs will not support the re-election of Ursula von der Leyen as the European Commission’s president despite promises in her efforts to secure a majority.
Categories: EurActiv

Von der Leyen’s carefully crafted coalition faces first test

EURACTIV News - Thu, 2024-07-18 04:40
The frontrunner for Commission president is expected to deliver a compromise programme to gather a majority of votes from the Parliament on Thursday (18 July).
Categories: EurActiv

Trump’s running mate J.D. Vance introduces himself as working class hero

EURACTIV News - Thu, 2024-07-18 04:32
Donald Trump's vice presidential running mate, US Senator J.D. Vance, presented himself to the nation on Wednesday night (17 July) as the son of a forgotten industrial Ohio town who will fight for the working class if elected in November.
Categories: EurActiv

Baltic countries close their borders to Belarus-registered cars

EURACTIV News - Thu, 2024-07-18 04:13
Estonia and Lithuania said on Wednesday (17 July) they would no longer allow Belarus-registered cars to enter through checkpoints on their borders with Russia or Belarus, citing European Union sanctions against the country.
Categories: EurActiv

UK PM Keir Starmer hosts his first European Political Community Summit

EURACTIV News - Thu, 2024-07-18 04:00
Today (17 July) marks new British Prime Minister Keir Starmer's debut on the international political scene as he hosts the European Political Community (EPC) Summit, where 50 leaders from all over the world will discuss a hot list of topics, including rebuilding closer ties between the UK and the EU, four years after Brexit.
Categories: EurActiv

Two years in, European Political Community struggles to stay relevant

EURACTIV News - Thu, 2024-07-18 04:00
As some 50 European leaders gather in the UK on Thursday (18 July) under the helm of the European Political Community, it is increasingly clear that the format is struggling to justify its existence.
Categories: EurActiv

German industry expects marginal benefits from new government growth package

EURACTIV News - Thu, 2024-07-18 04:00
German industry umbrella association BDI expects only “marginal” growth effects from a package adopted by the German government on Wednesday (17 July), which includes tax for foreign workers, bureaucracy reduction, and initiatives at EU level.
Categories: EurActiv

Tunisia arrests 38 migrants after clashes with coastguards

EURACTIV News - Thu, 2024-07-18 03:53
Thirty-eight sub-Saharan African migrants were arrested in Tunisia on Wednesday (17 July) after clashes with coastguards who intercepted their boat during an attempt to migrate to Europe, Tunisian media reported.
Categories: EurActiv

British, Irish PMs seek to reset strained ties over pints of Guinness

EURACTIV News - Thu, 2024-07-18 03:37
New British Prime Minister Keir Starmer and Irish counterpart Simon Harris sought to usher in improved relations with pints of Guinness on Wednesday (17 July), promising to work together closely on Northern Ireland and on healing Brexit wounds.
Categories: EurActiv

Czechs pick South Korea’s KHNP over French bid in nuclear power tender

EURACTIV News - Wed, 2024-07-17 17:45

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South Korea's KHNP preferred to France's EDF

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KHNP to build two new units, more possible

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Prague plans to sign deal with KHNP in Q1 next year

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For a FACTBOX on KHNP's winning bid, click here

(Adds electricity price detail, KHNP comment, background in paragraphs 5, 9-12, 19)

By Jason Hovet

PRAGUE, July 17 (Reuters) - The Czech government on Wednesday picked South Korea's KHNP to build two new nuclear power units, with the possibility of more, after a lengthy tender aimed at keeping a big role for nuclear power in the country's energy mix for decades.

Korea Hydro & Nuclear Power (KHNP) was picked over rival French bidder EDF, despite lobbying for EDF from French President Emmanuel Macron.

Prague earlier this year widened the tender, which is run by 70%-state-owned energy company CEZ, to have the option to build multiple units, up from an originally planned one.

Under the plans, KHNP will build two new units at CEZ's Dukovany nuclear plant, and they will discuss an option for two more units at the Temelin power station.

The price for one new unit when building two at the same site was estimated at 200 billion crowns ($8.65 billion) at current prices, the government said, adding it suggested the price of electricity generated would be less than 90 euros per megawatt hour (MWh).

Contract details will be worked out by the first quarter next year before being signed, officials said.

"The Korean offer was better practically in all assessed criteria," Czech Prime Minister Petr Fiala told a news conference.

"We will build two blocks at Dukovany, and in this direction there will be negotiations. And we will discuss about options for another two blocks at Temelin about which we will be able to decide in the future."

KHNP has helped put several new reactors online in recent years, including the Arab world's first nuclear power plant in the United Arab Emirates. The Czech deal will offer another foothold in Europe.

In 2022, KHNP agreed with a Polish consortium to develop new nuclear reactors but that project is still uncertain.

KHNP CEO Whang Joo-ho said in a statement the company would enter final negotiations to "ensure that the APR1000 reactor is actually built in the Czech Republic", referring to its reactor model.

EDF, Europe's only builder of nuclear reactors. has not completed construction of a new unit since 2019 amid project delays.

The decision represented another setback for the French nuclear sector after Poland, in a separate deal, chose Westinghouse over EDF for a plant on the Baltic Sea in 2022.

NUCLEAR POWER EXPANSION

The Czech government had the final decision on the tender due to national security considerations and cost, which is too high for CEZ - even with a market capitalisation of $20.1 billion - to shoulder alone.

The central European country will lean more on nuclear power as it phases out coal in the coming decade. Nuclear is seen composing half the country's generation mix in the future, up from around a third now.

CEZ aims to start construction of the first new unit at Dukovany later this decade, with expected completion in 2036.

The government and CEZ widened the tender's scope to help lower the price of each block in what is expected to be the country's largest energy investment to date.

CEZ has agreed a financing model with the government for the first new unit at Dukovany, including low-interest loans and a scheme for pricing of produced electricity - called a contract for difference - to guarantee CEZ a return.

The European Commission has given approval to the state aid for the first unit and will still have to sign off on aid plans for further units. The Czech Finance Ministry aims to have a financing model for further units agreed by the end of the year.

($1 = 23.1240 Czech crowns) (Reporting by Jason Hovet in Prague, Joyce Lee in Seoul and Benjamin Mallet and Dominique Patton in Paris; Editing by Mark Potter)

Categories: EurActiv

Economists warn no easy fix for low farm prices as EU launches agrifood observatory

EURACTIV News - Wed, 2024-07-17 15:27
The newly established EU Agri-Food Chain Observatory, aimed at enhancing transparency in prices and the distribution of added value in the agri-food sector, held its inaugural meeting on 17 July. 
Categories: EurActiv

The Brief – Curtain lifts on EU fight on multi-billion regional funds

EURACTIV News - Wed, 2024-07-17 14:20
In a rare occasion of open and far-reaching political conflict in Brussels, a German fiscal hawk and a Portuguese Socialist, both in high positions, clashed this week over the EU’s biggest pot of cash: its "cohesion" policy.
Categories: EurActiv

King’s Speech: UK vows to rekindle trade and investment ties with Europe

EURACTIV News - Wed, 2024-07-17 13:44
Hopes that Keir Starmer’s new Labour government will seek to rebuild closer ties with the EU gained momentum on Wednesday (17 July) as King Charles presented the incoming administration’s priorities at the House of Lords.
Categories: EurActiv

King Charles confirms UK AI bill is coming, but details yet to be figured out

EURACTIV News - Wed, 2024-07-17 13:41
King Charles confirmed that legislation to regulate artificial intelligence is coming under the UK's new Labour government, but stopped short of providing details in his speech at the first Parliament session under the new government on Wednesday (17 July). 
Categories: EurActiv

Exiled Spanish MEP-elect questions Metsola’s democratic legitimacy

EURACTIV News - Wed, 2024-07-17 12:29
Toni Comín, MEP - elect in exile of the Catalan separatist JxCat party, files a case with CJEU, questioning the democratic legitimacy of President Roberta Metsola, accusing her of being influenced by Spain's PP, after his seat was left vacant.
Categories: EurActiv

Spanish hydrogen experience qualifies Teresa Ribera for the climate job in the next EU Commission

EURACTIV News - Wed, 2024-07-17 12:08
Teresa Ribera, Deputy Prime Minister and Minister for the Ecological Transition and the Demographic Challenge of Spain understands the advantages of a multi-modal energy system encompassing renewable gases like hydrogen.
Categories: EurActiv

EU Court of Justice slams Commission for lack of transparency over COVID vaccines contracts

EURACTIV News - Wed, 2024-07-17 11:54
The Court of Justice of the European Union (ECJ) finds that the European Commission was wrong to restrict access to COVID-19 vaccine purchase contracts to citizens, In a decision handed down on Wednesday (July 17).
Categories: EurActiv

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