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Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

LCG, May 1, 2025--Holtec International (Holtec) announced the signing on April 29 of a strategic cooperation agreement with the State of Utah and Hi Tech Solutions, a leading nuclear services provider based in Kennewick, Washington, to collaborate in the deployment of Holtec's SMR-300s (small modular reactor) in Utah and the broader Mountain West region. Hi Tech will play a leading role in the project development and workforce training to support the rise of new nuclear power generation in the region.

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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Industry News

Enron-owned Dabhol Plant Will Not Resume Operations

LCG, September 3, 2002The Dabhol power project, located in the Indian state of Maharashtra, will not resume operations to supply the surrounding area because a electricity rate cannot be agreed upon.

Officials in the electricity-starved western state had considered paying for power from the dormant plant, but plant owners found the offered price too low to make the plant financially viable.

Bankrupt Enron Corporation owns 65 percent of the facility, GE and Bechtel Corp. own 10 percent each, and the Maharashtra State Electricity Board owns 15 percent.

While 750 MW of the plant operated starting 1999, the 1444 MW second phase was never completed because the State Electricity Board did not stay current with payments by some $240 million.

The plant, which has been shut down for more than a year, awaits a price agreement between the state and plant owners. Bechtel Corporation has offered to restart the plant, but the Industrial Development Bank, on behalf of Dabhol creditors, refused the offer.

Civic groups and others have condemned the delay, and the Indian government wants to begin operations as soon as possible. Lenders will meet in Singapore later this week to discuss the plants future.

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