Top uranium producer expects ‘modest’ production growth this year

Kazatomprom, the world’s largest producer of uranium, said Friday there will be modest production growth this year as it reported swelling profits. Kazatomprom KZAP, -1.42% NATKY, -0.53% said its annual profit rose 23% to 570 billion Kazakhstani tenge ($1.27 billion), on a 43% jump in revenue to 1.44 trillion tenge. The company said its sales growth was faster than the …

Taiwan Can’t Shake Its Nuclear Ghosts

The island’s resistance to a dependable—and desperately needed—source of energy has been shaped by a covert history. After a contested race, the people of Taiwan have elected current Vice President Lai Ching-te to be their next president. The result keeps the Democratic Progressive Party, which broadly favors Taiwanese sovereignty and closer ties with the United …

Uzbekistan’s Uranium Deposits Attract Foreign Investors

Representatives of the China Nuclear Uranium Corporation (CNUC) met with the general director of state company Navoiuran, Jamal Faizullaev, to discuss the possibility of mining black shale uranium at the Jantuar and Ma’danli deposits in the Navoi region of Uzbekistan. Samples have already been taken from the deposits to complete geological studies. According to the …

Small Modular Reactor project at Clarington’s Darlington Nuclear on time and on budget

Darlington Nuclear is making a habit of getting work done as promised after announcing this week that early work on the small modular reactor megaproject at the Clarington nuclear plant is on time and on budget. Darlington is also undergoing a complete refurbishment of its four reactors, with Unit 3 returning to service last August …

Turkey continues negotiations over new nuclear power plants

Following the construction of the Akkuyu nuclear power plant, Turkey is planning to build two more plants at Sinop and Thrace. lparslan Bayraktar, Turkey’s energy minister, has said that the first nuclear unit at the Akkuyu nuclear power plant should be launched by the end of the year, while negotiations with Russia, China and South …

Barakah Plant $2.42 Bn refinancing recognized as Green Loan Facility, reinforcing its integral role in rapid decarbonization of UAE power grid

Barakah Plant project refinancing loan with two leading UAE banks, Abu Dhabi Commercial Bank PJSC (ADCB) and First Abu Dhabi Bank PJSC (FAB), is the first in MENA Region and Asia to be recognized as a green loan facility. – Positions Barakah Plant and the wider nuclear sector at the forefront of clean financing instruments …

Nuclear power policy to be major focus in parliament after Ishikawa quake

As Japan marks 13 years since the devastating earthquake, tsunami and nuclear disaster in March 2011, the government of Prime Minister Fumio Kishida is moving toward restarting idled nuclear power reactors. But a powerful Jan. 1 earthquake that struck the Noto Peninsula in Ishikawa Prefecture reminded the country of how seismic activity can lead to …