On January 31, Japan’s ten major power companies announced their fiscal results for the first three quarters of fiscal 2017 (that is, from April to December 2017). Ordinary profits at seven of them declined year-on-year, the exceptions being the Hokuriku Electric Power Co., the Shikoku Electric Power Co., and the Okinawa Electric Power Co. The …
EXCLUSIVE TO SIGHTLINE U3O8 – With major uranium producers committing to supply cuts in response to record low U3O8 prices, the industry is poised for a strong price trend reversal. As producers take steps to drive U3O8 prices upward, examining the demand side of the U equation becomes critical. Many headlines would suggest that Uranium …
On January 30, Japan’s Shikoku Electric Power Co. released its consolidated accounts for the third quarter of FY2017 (April 2017 to March 2018). Partly due to increased quantities of electric power sold to other power utilities thanks to the resumption of operations at its Ikata-3 Nuclear Power Plant (PWR, 890MWe), the company’s operating revenues were …
Unit 2 of the Sanmen nuclear power plant in China’s Zhejiang province has successfully completed pre-operational testing, State Nuclear Power Technology Corporation announced yesterday. Sanmen 1 is expected to be the first Westinghouse AP1000 to begin operating later this year, with Sanmen 2 also set to start up in 2018. The hot tests – which …
The last of 845 employees facing a 10-month layoff at two uranium operations in northern Saskatchewan will have worked their last shift by the weekend. Cameco announced the shutdown at its Key Lake mill and McArthur River mine in November. Only care and maintenance crew will remain. The company says it has finalized a plan …
Russia’s nuclear engineering and construction firm Rosatom in December brought the fourth unit at its Rostov nuclear power plant (NPP) near Volgodonsk in southern Russia to first criticality. Later that month, it completed fuel loading at the first unit of the second-phase Leningrad plant in northwest Russia. The units are the 36th and 37th reactors …
GUANGZHOU, Jan. 31 (Xinhua) — China General Nuclear Power Corporation (CGN), a major Chinese nuclear power operator, said Wednesday that nuclear projects in Britain were proceeding well. He Yu, chairman of the board of CGN, said since the deals were inked in 2016 with French energy company EDF and the British government, CGN has invested …
A petition filed by two US uranium-producing companies that asks the Trump administration to require that 25% of US reactor operator uranium requirements be met with domestically sourced material will prompt many US nuclear fleet fuel buyers to re-examine their near- and long-term uranium sourcing strategies, an industry consultant said in a January 29 interview. …
PARIS (Reuters) – French utility EDF wants to keep most of its nuclear reactors running until at least 2029, a plan that could delay the government’s goal of reducing the share of atomic power in the country’s energy generation. Philippe Sasseigne, EDF’s head of nuclear generation, said on Tuesday the state-controlled company wanted to keep …
BRUSSELS–(BUSINESS WIRE)–Westinghouse Electric Company today announced that it has signed a nuclear fuel contract extension with Ukraine’s State Enterprise National Nuclear Energy Generation Company (SE NNEGC) Energoatom. The contract includes nuclear fuel deliveries to seven of Ukraine’s 15 nuclear power reactors between 2021 and 2025, expanding and extending the existing contract for six reactors that was …
