Hungary Has ‘No Alternative’ to Building Nuclear Plant

Given the security of Hungary’s energy supply as well as economic and climate protection considerations, Hungary has “no alternative” to building a nuclear plant, the minister without portfolio in charge of the upgrade of the Paks nuclear power plant told an international energy conference in Budapest on Tuesday. Climate policy goals cannot be fulfilled without …

The lights could go out this winter if we close more coal and nuclear power plants

It’s been an early start to winter this year across much of the Central and Eastern United States. And plunging temperatures have highlighted a surprising fact: Not only are natural-gas prices soaring, but fuel stockpiles have dipped to unusually low levels. It’s a somewhat unexpected turn of events — since the United States has been the …

China, vying with U.S. in Latin America, eyes Argentina nuclear deal

Argentina and China are aiming to close a deal within days for the construction of the South American nation’s fourth nuclear power plant, a multi-billion dollar project that would cement Beijing’s deepening influence in a key regional U.S. ally. Argentina hopes to announce an agreement on the Chinese-financed construction of the Atucha III nuclear power …

Kazatomprom IPO With Astana International Financial Center (AIX) Shows Global Appetite For Uranium

Some say nuclear energy is the stepdaughter of the energy industry. Many investors beg to differ. On November 14, Kazatomprom (KAP), the state-owned uranium production company of Kazakhstan made history by becoming the first initial public offering of a large Kazakh company in more than a decade. This is a dramatic finale for two important …

WESTINGHOUSE READY TO FULLY PROVIDE ALL UKRAINIAN NUCLEAR POWER PLANTS WITH NUCLEAR FUEL

Westinghouse (the United States) is ready to fully provide all Ukrainian nuclear power plants (NPP) with nuclear fuel, the press service of the Ministry of Energy and Coal Industry has reported, citing the company representatives during a meeting with Energy Minister Ihor Nasalyk. The company assured about the availability of all the technical and logistic …

EDF restructuring expected as France reduces reliance on nuclear

France is considering restructuring state-owned utility EDF and plans a steady reduction to the country’s reliance on nuclear power, the government said on Tuesday. In a long-awaited speech on energy strategy, President Emmanuel Macron said France would reduce the share of nuclear in the power mix to 50 percent by 2035, down from 75 percent …