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On 30-Jan-2002 10:52:42 <paul.d.thomas@enron.com> wrote:

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> >  -----Original Message-----
> > From: 	eMailDelivery@businesswire.com@ENRON   On Behalf Of emaildelivery@businesswire.com
> > Sent:	Wednesday, January 30, 2002 4:03 AM
> > To:	TX-INDUSTRIAL-INFO-RES@businesswire.com
> > Subject:	Pebble Bed Modular Reactor Design Pushes Renewed Interest in Worldwide Nuclear Power Generation, in an Advisory by Industrialinfo.com
> >
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> > BW2007  JAN 30,2002       2:01 PACIFIC      05:01 EASTERN
> >
> >
> > ( BW)(TX-INDUSTRIAL-INFO-RES) Pebble Bed Modular Reactor Design Pushes
> > Renewed Interest in Worldwide Nuclear Power Generation, in an Advisory
> > by Industrialinfo.com
> >
> >     Business/Energy Editors
> >
> > 	   HOUSTON--(BUSINESS WIRE)--Jan. 30, 2002--The following is an
> > advisory by Industrialinfo.com (Industrial Information Resources, Inc;
> > Houston): The rehabilitation of nuclear power generation plants, which
> > could represent part of the answer to world's power generation needs
> > over the next 30 years, has taken a few steps forward in the
> > consciousness of governments and industry in the past six months.
> > However, nuclear power still has a way to go among environmental
> > groups and those involved with post-Chernobyl public health concerns.
> > 	   The Pebble Bed Modular Reactor (PBMR) from Eskom in South Africa
> > continues to claim the attention of both the large power hungry
> > regions and the capital conscious development areas to which the
> > modular and smaller output plant could be both affordable and
> > appropriate.
> > 	   Stakeholders in the project include the U.S. company Exelon with
> > 12.5%, Eskom with 30%, British Nuclear Fuels with 22.5%, Industrial
> > Development Corporation of SA with 25%, and Black empowerment at 10%.
> > Currently, Exelon is negotiating for the possible purchase of 40 PBMRs
> > at a price of around $6 billion (USD). Early in 2001 the company
> > requested the U.S. National Regulatory Commission to start laying the
> > groundwork for PBMR licensing.
> > 	   Exelon would like to see the $300 million demonstration unit,
> > which is planned by Eskom in South Africa as a proven model, to show
> > that all technical matters have been resolved and that safety,
> > efficiency and viability are proven enough for U.S. regulatory
> > agencies to proceed forward with licensing. The plant is to be built
> > alongside the existing nuclear power station at Koeberg in the Cape
> > Province of South Africa with work commencing in 2003. If approved,
> > Exelon may then start concurrent construction of U.S. sites to bring
> > PBMR-generated power to market at the earliest possible date and at
> > the best price. Specifications and claims by Eskom, who purchased the
> > technology after a 21-year development and proving period in Germany,
> > present the PBMR as small, safe, clean, cost efficient, inexpensive
> > and adaptable.
> > 	   The PBMR uses multiple coated uranium particles encased in
> > graphite to form a fuel sphere (60mm in diameter). The PBMR design
> > makes use of helium as the coolant and energy transfer medium to a
> > closed cycle gas turbine and generator. The design differences between
> > the PBMR and Pressurized Water Reactors result in the PBMR being a
> > safe and economical power plant.
> > 	   The annual world market for power generation is estimated at $70
> > billion. The PBMR, if it comes through its regulatory trials, would be
> > in a position to capture a tasty slice of this power action. With 10%
> > of the shareholding in the PBMR project reserved for new black>
> > empowerment shareholders, 10 plant export orders a year could
> > contribute nearly $1 billion a year to South Africa's Gross Domestic
> > Product and another $1 billion in export income. An estimated 57,000
> > direct and indirect jobs would be created. These figures would double
> > and triple for 20 or 30 orders annually. If the demo plant achieves
> > its targets, Eskom will place an order for 10 modules, with the Exelon
> > order hopefully kicking in immediately for a possible date for the
> > first U.S. plant in 2007.
> > 	   Eskom will sell PBMR's as a manufactured item with no rights
> > given. Eighty percent of the costs will be made up of the manufactured
> > reactor and 20% site construction related. The aim is for 40% of the
> > sourcing to come from South Africa. Taxpayers money (approximately $50
> > million so far) is being spent by the South African authorities in
> > giving all due diligence to the studies and to public feedback on the
> > project before the "go" decision is given. With this right and proper
> > concern and the considerable market presence of Eskom and Exelon the
> > 130MW modules will no doubt play a crucial role in the future of
> > nuclear power generation.
> > 	   The project managers are indicating growing confidence in their
> > ability to bring the product to market and have recently made a
> > significant move. A contract has been placed (in mid-January 2002)
> > with the U.S. company Stone & Webster and South African construction
> > company Murray & Roberts and black empowerment contractor Proman
> > Management Services to provide consulting services to the PBMR project
> > in engineering, procurement, construction management and project
> > management. Following this development, the PBMR management at Eskom
> > have gone on record to state that with the multi-national and
> > multi-disciplinary support now providing leverage, the approval
> > hurdles for the pilot project should be cleared by the end of 2002
> > given the crucial general diligence and environmental clearance by the
> > government.
> > 	   Industrailinfo.com provides daily news related to the industrial
> > market place including industry alerts and databases for the energy
> > and industrial markets. For more information on trends and upcoming
> > construction activities for the Energy and Power markets as well as
> > other industrial sectors send inquiries to
> > powergroup@industrialinfo.com or visit us at www.industrialinfo.com or
> > www.iirenergy.com.
> >
> >     --30--MJB/ho*
> >
> >     CONTACT: Industrial Information Resources, Houston
> >              Britt Burt, 713/783-5147
> >
> >     KEYWORD: TEXAS SOUTH AFRICA GERMANY INTERNATIONAL EUROPE
> > AFRICA/MIDDLE EAST
> >     INDUSTRY KEYWORD: BUILDING/CONSTRUCTION ENERGY OIL/GAS UTILITIES
> >     SOURCE: Industrial Information Resources
> >
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