The nuclear industry should work with policymakers on the design of market mechanisms that can produce a clear price signal to attract investors to this low-carbon form of electricity, Jostein Kristensen, partner with economics consultancy firm Oxera, told participants in World Nuclear Association’s Strategic eForum last week. Markets currently do not reflect the value of …
The future of nuclear power in China is promising, Zheng Mingguang, Chief Engineer at China’s State Power Investment Corporation (SPIC) told World Nuclear Association’s Strategic eForum 2020yesterday. He believes both the use of large and small-scale reactors will find applications in China beyond just electricity generation. Speaking during the high-level panel Driving investment towards nuclear projects, …
As the single-largest carbon-free source of electricity, nuclear power often plays a big part in plans to decarbonize energy. Many policymakers insist that nuclear must be part of any solution to avoid the worst consequences of climate change over the coming decades. But as the debate over preserving existing nuclear plants and supporting advanced nuclear …
September 9th, 2020 – Vancouver, B.C. – enCore Energy Corp. (TSXV:EU; OTCQB:ENCUF) (the “Company”) is pleased to announce that effective September 1, 2020 it has entered into a binding letter of intent (“Agreement”) with Westwater Resources Inc. (Nasdaq: WWR) (“Westwater”) to acquire all of Westwater’s United States uranium assets. These assets include two licensed Texas-based …
Unit 5 at Tianwan nuclear power plant, developed by China National Nuclear Corporation (CNNC) and located in Lianyungang in East China’s Jiangsu province, successfully completed its full-power continuous operation assessment on Sept 8, meaning it now meets the conditions for commercial operation. To date, the number of nuclear power units in the service of CNNC …
Bruce Power and BWXT Canada Ltd. (BWXT) announced today they are collaborating on several projects to advance the made-in-Ontario economic recovery program, including an estimated $55-million contract for BWXT to perform fuel channel maintenance on Bruce Power’s Unit 3 nuclear reactor. The Life Extension project is known as Extended West Shift Plus and is scheduled …
TORONTO, Sept. 8, 2020 /CNW/ – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at August 31, 2020 was CAD$701.7 million or CAD$5.16 per share. As at August 31, 2020, UPC’s uranium investment portfolio consisted of the following: View PDF version. (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments …
Summary After recent supply cuts, Uranium was in a supply deficit coming into 2020. COVID-19 further reduced supply, for both 2020 and 2021, with the two largest producers now buying in the spot market. Uranium prices have to significantly increase to encourage new supply. After a decade long bear market, the time to invest in …
The K-2 Unit of Karachi nuclear power plant in Pakistan, the first overseas unit using Hualong One technology, successfully completes hot functional tests on Sept 4. [Photo/official WeChat account of CNNC] The K-2 Unit of Karachi nuclear power plant in Pakistan, the first overseas unit to use Hualong One (HPR100) technology, successfully completed its hot …
UAE National professionals held key roles in every phase of the construction, testing, start-up and grid synchronization of Unit 1 at the Barakah Nuclear Energy Plant Since its inception in 2009, the UAE Peaceful Nuclear Energy Program has achieved countless milestones – now including two of its most historic accomplishments to date, the successful start-up …