Uranium Exceeds $80 for First Time in More Than 15 Years

Futures for yellowcake rose about $80.25 a ton on Monday Renewed demand alongside disrupted mines drives long rally Uranium prices topped $80 a pound for the first time in more than fifteen years on renewed demand for nuclear power and disrupted supplies. Nymex futures tracking physical-market contracts for a raw form of uranium known as yellowcake …

Koeberg 1 back online after milestone outage

The pressurised water reactor was synchronised to the South African energy grid on 18 November after nearly a year offline for the replacement of the plant’s three original steam generators, a prerequisite for the long-term operation of the plant. Completion of the longest outage in the plant’s history is a “huge milestone” in its generational …

KEPCO looks to build more nuclear plants in Middle East

Korea Electric Power Corp. CEO Kim Dong-cheol, sixth from left, poses with field workers at Barakah Nuclear Energy Plant in Abu Dhabi, the United Arab Emirates, Thursday (local time). Courtesy of Korea Electric Power Corp. Company chief inspects Barakah Nuclear Energy Plant Korea Electric Power Corp. (KEPCO) CEO Kim Dong-cheol visited the Barakah Nuclear Energy …

Kashiwazaki-Kariwa, World’s Largest Nuclear Power Station Prepares for Restart

The Kashiwazaki-Kariwa power station restart, a key toward the dual goals of energy security and decarbonization is now strengthening counterterrorism measures. (Captured on November 6 in Kariwa Village, Niigata Prefecture. (© Sankei by Aya Yonezawa) Tokyo Electric Power Holdings is accelerating preparations for the restart of the Kashiwazaki-Kariwa nuclear power station in Niigata Prefecture. In the face …

Eiffage just signed with EDF a contract for civil engineering works on the first two EPR2-type reactors in Penly for a value greater than 4 billion euros

Eiffage, through its subsidiary Eiffage Génie Civil, just signed the contract with EDF to carry out the main civil engineering works for the first pair of EPR2-type nuclear power plants on the site of Penly. The contract has a value greater than 4 billion euros. The tender of this contract began in 2019. The contract …

NuScale CEO remains upbeat after CFPP cancellation

The termination of the project that had been expected to be the first operational NuScale SMR reactor was “very disappointing” but the company remains bullish about the future, according to the company’s CEO. Speaking in a special update to the 2023 ANS Winter Conference and Expo, hosted by the American Nuclear Society (ANS),  John Hopkins said the mutual …

Work on Xudabao unit 1 gets under way

Construction has started of the nuclear island for unit 1 at the Xudabao nuclear power plant in Liaoning Province, China National Nuclear Corporation (CNNC) announced. The construction of units 1 and 2 of the Xudabao (also known as Xudapu) plant was approved by China’s State Council on 31 July this year. On 6 November, the …