All the main equipment has now been installed at the first of two demonstration Hualong One units under construction at the Fuqing site in China’s Fujian province. Installation of the steam generators has begun at the second unit. Installation of the third and final main reactor coolant pump at Fuqing unit 5 was completed on …
Analysis by the Nuclear Energy Agency (NEA) has found that regardless of the role nuclear energy will play in meeting future electricity demand and global climate objectives, global supplies of Uranium are projected to meet world demand for the foreseeable future. The NEA reported its findings in the study, Uranium 2018: Resources, Production and Demand. The …
Saudi Arabia’s population has grown from 4 million in 1960 to over 31 million in 2016. It is the main electricity consumer and producer in the Gulf region, with 345 trillion watts of gross production in 2016, of which 41 percent was produced from oil and 59 percent from gas. The electricity consumption in the …
The company behind a £12bn new nuclear power plant in Wales has said it is making every effort to ensure the project goes ahead. Hitachi said it had “not given up” on its plans for Wylfa Newydd, Anglesey. It follows speculation the company was considering scrapping the Horizon project due to potential increases in construction costs. Executive …
On december 3rd McIntyre Partnerships, a hedge fund in New York that normally buys equity and debt securities, told investors it was buying a commodity: uranium. This “slight anomaly” was justified by the metal’s impressive recovery, said its founder, Chris McIntyre. Uranium’s spot price has jumped by 41% since April, to near a two-year high …
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 …
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 …
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 (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 …
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 …
