Antinuclear

Australian news, and some related international items

Tepco’s termination of supply contract contested by Canada-based uranium producer Cameco

Fukushima 311 Watchdogs

nuclear is expensive dangerous dirty.jpg

Cameco to contest Tepco’s termination of supply contract

Cameco announced today that Tokyo Electric Power Company Holdings (Tepco) has issued a termination notice for a uranium supply contract with Cameco Inc that it does not accept. “Cameco Inc sees no basis for terminating the contract, considers Tepco to be in default, and will pursue all its legal rights and remedies,” the Saskatchewan, Canada-based uranium producer said.

The Japanese utility confirmed yesterday it would not accept a uranium delivery scheduled for 1 February and would not withdraw the contract termination notice it provided to Cameco on 24 January, according to Cameco’s statement. Tepco alleges that an event of ‘force majeure’ has occurred because it has been unable to operate its nuclear generating plants for 18 consecutive months due to government regulations arising from the Fukushima nuclear accident in March 2011.

“We are surprised and disappointed that Tepco is seeking to terminate its…

View original post 621 more words

Advertisements

February 2, 2017 - Posted by | Uncategorized

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: