Senior diplomats of Korea and the Czech Republic have agreed to work closely together to ensure the smooth completion of the Korea-led construction of two nuclear power plants in the European country, Seoul’s foreign ministry said Thursday. The two countries have finalized the estimated $18 billion project after overcoming long-standing legal hurdles involving foreign rivals, …
Centrus Energy (NYSE American: LEU) is joining with Ohio Governor Mike DeWine, U.S. Senator Jon Husted, and U.S. Congressman Dave Taylor, JobsOhio, Ohio Southeast Economic Development (OhioSE), and Pike County Economic Development, today to announce plans for a major expansion of Centrus’ uranium enrichment plant in Piketon, Ohio. The expansion is expected to create 1,000 …
Russian and Iran signed a memorandum of understanding on Wednesday on the construction of small nuclear power plants in Iran, Russian state nuclear corporation Rosatom said. The agreement was signed by Rosatom chief Alexei Likhachev and Iran’s top nuclear official, Mohammad Eslami, at a meeting in Moscow. Rosatom described it as a “strategic project”. Eslami, …
India and France have held detailed discussions on advancing the strategic partnership, including civil nuclear energy, and defence and security cooperation, with a special focus on small and modular reactors (SMRs), said people familiar with the matter. Building SMRs in India with support from France was the key focus at the second meeting of the India-France Special …
Home-grown power giant NTPC, which is diversifying into clean energy generation, looks to acquire uranium assets overseas to ensure fuel availability for its future nuclear projects, according to a company official. Established as a thermal-based power generator in 1975, NTPC Ltd (erstwhile National Thermal Power Corporation Ltd), has been increasing its capacity while diversifying into …
Sweden’s government will ask the Parliament to approve state loans worth $23.4 billion (220 billion Swedish crowns) to companies to build nuclear reactors in the Scandinavian country. Sweden plans to build two new nuclear reactors by 2035 in a hedge on low-carbon energy security, with 10 new reactors hoped for by 2045. The Swedish government moved to …
Mercuria has become the first major commodity house to launch physical trading in uranium, joining banks Natixis and Citibank, as an expected nuclear energy boom fuels interest in the niche market, three sources with knowledge of the matter told Reuters. Mercuria began uranium trading earlier this year, the sources said. Natixis also rolled out uranium …
Kansai Electric Power Co. said Wednesday that it will complete a geological survey to build a safer next-generation nuclear reactor in Fukui Prefecture, central Japan, around 2030. In the initial process, scheduled to start in November, boring tests will be conducted in two areas near the No. 3 reactor at the company’s Mihama nuclear plant …
Prime Minister Narendra Modi will visit Banswara in Rajasthan on September 25, where he will lay the foundation stone for the country’s largest nuclear power project, estimated at around Rs 45,000 crore. The mega project, planned near the Mahi Dam on the Rajasthan-Madhya Pradesh border, will be developed under the Nuclear Energy Mission and is …
A Chinese state-owned energy infrastructure group has proposed a decarbonization plan that would increase the country’s use of nuclear power. The China Energy Engineering Group Co. (CEEC) is studying ways to convert retiring coal-fired power facilities into nuclear power plants, according to recent research reports. CEEC has said its “Coal to Nuclear,” or C2N, strategy …