Invitation issued to express interest in Kozloduy 7 construction

Those seeking selection for the engineering, construction, procurement and commissioning of a new AP1000 unit at the Kozloduy nuclear power plant site by 2035, have until 2 February to respond to an invitation for expression of interest. The initial process is for prequalification of candidates against eligibility and prequalification criteria. The shortlisted candidates will submit …

TotalEnergies Seeks Long-Term Nuclear Power Purchase Deal With EDF to Help Fund New Reactors

TotalEnergies SE is ready to buy nuclear power from Electricite de France SA through long-term contracts to help the debt-laden utility fund the construction of new atomic plants, said the oil and gas giant’s Chief Executive Officer Patrick Pouyanne. “I’m ready to sign contracts of 15 to 20 years,” Pouyanne said in a interview on …

India’s Nuclear Power Corporation to commission new reactor every year

India’s Nuclear Power Corporation of India Limited (NPCIL) is on a mission to commission a nuclear power reactor every year, Chairman and Managing Director BC Pathak said. In an interview with The Hindu, he also outlined the progress and future plans of the country’s nuclear power sector. On December 17, 2023, the fourth unit of India’s largest …

Key safety component installed at Sanmen 3

The first of two core makeup tanks has been successfully hoisted into place at unit 3 of the Sanmen nuclear power plant in China’s Zhejiang province. The tanks are an important part of the CAP1000 reactor’s passive safety system. Each CAP1000 unit contains two water replenishment tanks, A and B. They are mainly used to …

Biden Administration Finalizes a $1.1 Billion Aid Package for California’s Last Nuclear Power Plant

The Biden administration has finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running President Joe Biden’s administration on Wednesday finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running. The funding is a financial pillar in the plan to keep the Diablo Canyon Power Plant producing electricity …

‘The squeeze is on.’ Uranium prices hit new record and industry watchers see further to go

This aerial photograph taken on on October 4, 2023, shows the Rooppur Nuclear Power Plant in Rooppur. Bangladesh on October 5 accepted the first uranium delivery for its Russia-backed nuclear plant, a project aimed at bolstering its overstretched energy grid but complicated by sanctions on Moscow. Uranium prices surged on Monday as fresh supply worries …

Finnish grid operator found in breach of regulation over nuclear reactor

Finnish power grid operator Fingrid acted in breach of market regulation when transferring certain obligations for the power system’s reliability to TVO, owner of the new OL3 nuclear reactor, Finland’s energy authority said on Friday. The OL3 reactor, Europe’s biggest with a capacity to meet around 14% of Finland’s energy demand, began regular output in 2023 after …

Uranium Rally Still Has Fuel

The price of the nuclear fuel has hit its highest level since 2007. The market is only getting tighter. Uranium has been a hot commodity, and its rally could have a long half-life. Spot prices for triuranium octoxide, the form of the commodity that is widely traded, hit $92.50 a pound on Monday, more than …

Uranium Miners Surge on $500 Million US Enrichment Push

Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security.   The Energy Department is requesting proposals from US companies to produce a type of fuel known as high-assay low-enriched uranium, or HALEU, it said Tuesday. It …