Uranium companies announce strategic purchase plans

Uranium companies have separately announced plans to make strategic purchases of physical uranium. Denison is aiming to buy about 2.5 million pounds U3O8 (962 tU) through the spot market as a long-term investment, while Uranium Energy Corp (UEC) has entered into agreements to purchase 400,000 pounds. UK-based Yellow Cake plc has also announced further purchase …

Kepco starts injecting fuel rods into UAE’s second nuclear reactor

South Korea’s state-run utility Korea Electric Power Corp. (Kepco) said Monday it has started a process to insert fuel rods into the second reactor in the Barakah nuclear plant of the United Arab Emirates (UAE). Kepco and the Emirates Nuclear Energy Corp. (ENEC) said they kicked off the process starting last week. South Korea completed …

Turkey looks to complete 27.5% of Akkuyu nuclear plant by year-end

The 2021 Performance Program of Turkey’s Energy and Natural Resources Ministry has drawn a road map for the completion of the country’s first nuclear power plant, the Akkuyu Nuclear Power Plant (NPP), which says 27.5% of the plant will be completed by the end of this year. The program, which outlines the steps that will …

UPDATE 3-France’s EDF: Hercules plan green light would unleash renewables

French power group EDF said on Wednesday it could double its growth target for renewable energy and become a European champion in the field provided a planned re-organisation, code-named Hercules, can get the go-ahead. State-controlled EDF says the revamp, which will separate the debt-laden nuclear power business from the rest of the company’s assets, will …