Bangladesh finds way to pay Russia for nuclear plant: with yuan

Using China’s currency to skirt bank restrictions could irk Western partners Bangladesh appears to have found a workaround for stalled payments it owes Russia for a nuclear power plant: settling them in Chinese yuan. With U.S. and European sanctions barring Russia from much of the international banking system, Dhaka has been scrambling for ways to settle …

Olkiluoto nuclear plant addition will impact Estonia’s electricity prices

Olkiluoto Nuclear Power Plant in Finland, which is due to come on line at full capacity on Monday, will significantly improve Estonia’s security of supply and also bring down energy prices. However, a shortfall in transmission capacity between Finland and Estonia means that price differences between the two countries will persist until the Estlink 3 …

Joint venture established for second Polish plant

A joint special purpose vehicle – named PGE PAK Energia Jądrowa SA – has now officially been formed by Polish companies ZE PAK and Polska Grupa Energetyczna (PGE) to implement the project to construct a nuclear power plant in Pątnów in central Poland. The plant will comprise two APR1400 reactors supplied by Korea Hydro & …

Palisades seeking $300M in state funding to restart nuclear plant

Owners of the Palisades nuclear plant in Southwest Michigan may seek $300 million in state funding to reopen the facility. The owner and operator of a shuttered Southwest Michigan nuclear power plant may ask for about $300 million in state funding to help reopen the facility. Holtec International has launched an unprecedented effort to reopen a …

World’s Top Uranium Miner Sees Clients Switching From Russia

Some Eastern European power plants seeking uranium contracts Kazatomprom is looking to open new trade route via China Kazakhstan’s state-owned uranium miner is preparing reserves for production as demand increases, including from Eastern European power producers looking to cut their reliance on Russia. Some nuclear plants in Eastern Europe, which previously sourced enriched uranium from …

Westinghouse Celebrates Milestone Achievement for China’s Sanmen Nuclear Plant

Next Wave of Reactors Utilizing AP1000® Technology Moving Forward Westinghouse Electric Company congratulates CNNC Sanmen Nuclear Power Company Limited and their partners for the pouring of first nuclear concrete for Sanmen Unit 4. This significant milestone will further demonstrate the economic and schedule benefits of utilizing AP1000® technology through its Nth-of-a-kind deployment and modular construction. …