Bulgaria PM plans to restart second atomic power project

Six years after freezing the construction of a second nuclear power plant, Bulgarian Prime Minister Boyko Borissov announced on Saturday (12 May) he intends to restart the project. Chinese investors have already expressed interest. Bulgaria, which joined the European Union in 2007, has closed four 440 megawatt Soviet-era reactors at the Kozloduy nuclear plant for …

The Future of Nuclear Power in China

China is on course to lead the world in the deployment of nuclear power technology by 2030. Should it succeed, China will assume global leadership in nuclear technology development, industrial capacity, and nuclear energy governance.   SUMMARY China is on course to lead the world in the deployment of nuclear power technology by 2030. Should …

Dome installed on Tianwan 6 containment building

The containment dome of unit 6 of the Tianwan nuclear power plant in China’s Jiangsu province was installed on 5 May, marking the reactor’s entry into the equipment installation phase of construction, China Nuclear Engineering and Construction Corporation (CNECC) announced today. CNECC is a subsidiary of China National Nuclear Corporation (CNNC). Installation of the 148-tonne …

Hitachi’s U.K. nuclear project to get guarantees from government

Hitachi Ltd’s Horizon Nuclear Power unit has received an assurance from the British government that it will guarantee loans for the construction of two reactors in Wales, the Mainichi newspaper reported on Wednesday. British Prime Minister Theresa May met Hitachi Chairman Hiroaki Nakanishi last week in London and asked him to go ahead the project, …

Nuclear Power In The USA – EIA’s Annual Energy Outlook 2018

In EIA’s Annual Energy Outlook 2018 (AEO2018) Reference case, U.S. nuclear power generating capacity is projected to decline from 99.3 gigawatts (GW) to 79.1 GW over the projection period of 2017–50. To address some of the uncertainty surrounding this projection, this article presents sensitivity cases under different assumptions for oil and natural gas availability, nuclear power unit …

Saudi energy minister ‘optimistic’ on South Korea being shortlisted for nuclear project

Saudi Arabia Energy Minister Khalid al-Falih speaks with the media during the International Energy Forum (IEF) in New Delhi, India, April 11, 2018. REUTERS/Altaf Hussain Saudi Arabian Energy Minister Khalid al-Falih said on Friday he was “optimistic” about South Korea being shortlisted to build nuclear power plants for the Middle Eastern kingdom. Falih told reporters …

Catalysts For Upside In Uranium

Summary Uranium has been cheap for years, but the market has been waiting for a catalyst. Rising in oil prices in yen terms are putting pressure on Japan to reactivate plants. Pressure is coming on supply side as well just as new plants come online. Fundamentally, the bull case for uranium is that Uranium prices …