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Paladin Energy Ltd PALAF

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine (LHM) located in Namibia. The Company also owns a portfolio of uranium exploration and development assets in Canada and Australia. Its segments include Exploration, Namibia and Australia. The LHM is located in central western Namibia approximately 80 kilometers (km) east of Swakopmund and 85 km northeast of the Walvis Bay major deepwater harbor. Its exploration projects include Michelin, Manyingee and Mount Isa. The Company, through its subsidiary Aurora Energy Ltd, holds a 100% interest in over 98,320 hectares of mineral exploration licenses. These are located within the Central Mineral Belt of Labrador, Canada. It has a 100% interest in the Manyingee Project. This project is a sandstone hosted uranium project consisting of 41 Mlb across two deposits. It wholly-owns a project comprised of three promising uranium exploration sites in Queensland.


OTCQX:PALAF - Post by User

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Post by sccool50on Dec 13, 2012 7:29pm
227 Views
Post# 20727744

Germany faces multibillion-Euro grid bill

Germany faces multibillion-Euro grid bill

When politicians are involved, they always open mouth before engaging brain. Importing nuclear power from France is the hidden story, so Germany will realize they made a bad call and will also change tune to nuclear power.

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Germany faces multibillion-Euro grid bill

12 December 2012

The massive expansion of Germany's electricity networks to cope with the country's transition away from nuclear to a high share of renewable energy will require investments of up to €42.5 billion ($55.4 billion) by 2030, according to a newly released study.

Germany embarked on a path to low-carbon generation with high reliance on renewable energy following political decisions to phase out nuclear power, on which it had hitherto relied for around a quarter of its electricity, in the wake of the 2011 Fukushima nuclear accident in Japan. However, the country's existing grid is not up to the task of accepting a large share of electricity from solar and wind plants. According to the report by the German Energy Agency (Deutsche Energie-Agentur GmbH, or Dena), the country can expect to invest at least €27.5 billion ($35.8 billion) and up to as much as €42.5 billion ($55.4 billion) in the massive expansion and rebuilding program that its electricity distribution network will need.

The overall extent of expansion and investment needed over the next two decades will depend on how high the share of renewable energy generation eventually becomes, according to the Dena Distribution Study (dena-Verteilnetzstudie). Current planned expansion targets will necessitate an expansion of 135,000 km by 2030. More rapid development of wind and solar power would necessitate a network expansion of 193,000 km. In excess of 20,000 km of network will also need to be replaced.

New power lines and transformers will be required at all distribution levels, and existing high voltage overhead transmission lines will need to be replaced. "The German distribution must be significantly expanded and modernized ... The expansion of renewables must be synchronized with the urgent development of infrastructure, "said Dena CEO Stephan Kohler. He called for reforms to the regulatory framework to help network operators realise the returns needed as incentives for the necessary investments.

Technical solutions such as innovative equipment to optimise the use of infrastructure, including variable distribution transformers to allow better usage of the allowable voltage band, could help to reduce the degree of network expansion needed. These options would require further study, the report noted.

Dena describes itself as a centre of expertise for energy efficiency, renewable energy sources and intelligent energy systems. Although an independent company, it is 50%-owned by federal interests and 50% by German financial institutions. It has been partnered in the distribution project by German generation and grid companies including EnBW, EOn and Vattenfall.

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