Tepco starts installing device to remove fuel from reactor 3 cooling pool at Fukushima No. 1

FUKUSHIMA – Tepco on Sunday began installing equipment to be used for removing fuel from the storage pool for reactor 3 at the Fukushima No. 1 nuclear plant. The equipment, weighing 72 tons, was lifted by two large cranes. The storage pool, located in the reactor building on a floor 36 meters above ground level, holds …

EIA forecasts growth in world nuclear electricity capacity, led by non-OECD countries

EIA’s International Energy Outlook 2017 (IEO2017) projects that global nuclear capacity will grow at an average annual rate of 1.6% from 2016 through 2040, led predominantly by countries outside of the Organization for Economic Cooperation and Development (OECD). EIA expects China to continue leading world nuclear growth, followed by India. This growth is expected to offset declines …

France postpones target for cutting nuclear share of power production

PARIS (Reuters) – The French government has postponed a long-held target to reduce the share of nuclear energy in the country’s power production after grid operator RTE warned it risked supply shortages after 2020 and could miss a goal to curb carbon emissions. Environment Minister Nicolas Hulot said on Tuesday it was not realistic to …

Uranium’s Time is Now!

Fundamentals Signal a Looming Spike in the Price of Uranium Exclusive to Sightline|U3O8 – Analysts and miners alike are predicting a smooth and steady comeback in uranium prices over the next 12-36 months… a prudent and conservative outlook.  The reality, however, is that uranium prices have never moved quietly or slowly. After sitting at a price …

Russia Signs Agreement With Nigeria for Nuclear Power Plant

Russia has signed agreements with Nigeria to build and operate a nuclear power plant in the oil-rich West African nation that has a deficit of reliable power and faces security challenges by Islamist militants in the far northeast. Feasibility studies for the plant and a research center construction will include site screening, capacity, financing, and …

Argentina to start building two new nuclear reactors in 2018

ABU DHABI, Oct 31 (Reuters) – Argentina plans to start building two new nuclear reactors next year, a government official said on Tuesday. The South American country already generates about 5 percent of its electricity with three heavy water nuclear reactors, two German-built and one Canadian, with combined capacity of 1,600 megawatts (MW). A new …

Egypt expects to finalise contracts for nuclear power plant by end-2017

CAIRO, Oct 31 (Reuters) – Egypt expects to finalise contracts before the end of 2017 for its first nuclear power plant with 4,800 megawatt (MW) capacity, Electricity Minister Mohamed Shaker said on Tuesday. Egypt signed an agreement in November 2015 for Russia to finance building and operating the plant. Egypt’s official gazette said last year …