Saudi Arabia to lead a trillion dollar MENA investment splurge

The energy sector in the Middle East and North Africa will amass almost $1 trillion in investment over the next five years, as countries build out energy capabilities and pivot to renewables, according to new research. The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank with around $7 billion in total assets, provides an …

World’s only floating nuclear power unit to begin commercial production in Russia

After a series of successful and comprehensive tests, including on its twin KLT-40 reactor system, the unique floating nuclear power unit (FPU) “Akademik Lomonosov” is ready to start commercial operations. The FPU’s reactors, No.1 and No.2, were successfully brought up to 100% capacity on the March 31. These tests confirmed the operational stability of the …

Uranium investors nervously await White House decision

Donald Trump could decide to impose tariffs after probe into the nuclear fuel The uranium market is on tenterhooks as US president Donald Trump decides whether to impose tariffs or import quotas on the nuclear fuel. After a petition by two domestic miners, Washington’s Department of Commerce launched an investigation last year into the national security …

Prime Minister orders to suspend works at Issyk-Kul uranium site amid growing protests

Prime Minister of Kyrgyzstan ordered to suspend works at the Kyzyl-Ompul uranium site amid growing protests in Kyrgyzstan. During the government meeting to discuss this matter, PM said he ordered to create an interdepartmental commission to look into the impact of development of uranium on people and environment. All decisions on the uranium deposit should …

China keen on second nuclear plant in Bangladesh

Chinese companies have expressed great interest in bidding for Bangladesh’s proposed second nuclear power plant. Two Chinese companies – Dongfang Electric Corporation and China State Construction Engineering Corporation – have started huge lobbying with the Bangladesh Atomic Energy Commission to bag the deal. They said that the government conceived the second nuclear power plant in …

12 more nuclear power plants in India soon, says Department of Atomic Energy chief

India will soon have 12 more nuclear plants soon to improve the power situation and ensure there is a free flow of uninterrupted power supply for both industries and residential use, a statement issued on Monday here quoted Secretary of the Department of Atomic Energy (DAE), K N Vyas, as saying. “Nuclear technology helps in …

Department of Commerce Submits Uranium Section 232 Report to President Trump

Ur-Energy Inc. (NYSE American: URG; TSX: URE) (“Ur-Energy”) and Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels”) are pleased that on April 14, 2019 the U.S. Department of Commerce (“DOC”) submitted a report to the White House on DOC’s investigation into the effects of uranium imports on U.S. national security. The president now …

‘Safest form of power generation’: Calls for nuclear to be put back on the table

Many are calling for the construction of High-Efficiency Low Emission (HELE) coal power plants, in order to avoid outages and soaring power prices. But Australian Nuclear Association Vice President Rob Parker tells Natalie Peters and Erin Molan nuclear energy is the most environmentally friendly and cost-effective option. “When we look at nuclear energy we find …