Nuclear power related shares soared across the board on Tuesday in Hong Kong and China after Beijing announced plans to invest 81.2 billion yuan (US$12 billion) in four new reactors for the first time since 2016. CGN Mining, a unit of state-owned China General Nuclear Power Group (CGN) that trades in uranium fuel, jumped 15 …
Tokyo Electric Power Co. and other utilities are taking a huge gamble by providing hundreds of billions of yen (billions of dollars) to restart an aging nuclear power plant in need of safety upgrades. Japan Atomic Power Co. intends to resume operations of the one reactor at the Tokai No. 2 nuclear plant in Ibaraki …
Russian state nuclear corporation Rosatom has announced completion of the basemat for the nuclear island buildings of unit 1 of the Akkuyu nuclear power plant in Turkey. Meanwhile the European Parliament has voted to suspend European Union accession negotiations with Turkey and has reportedly called for cancellation of the Akkuyu project. The project is based …
Construction of China’s first nuclear power plant this year is scheduled to start in Zhangzhou, Fujian province, with work on unit 1 starting on June 30, according to a statement released on the website of the city’s ecological environment bureau. As each unit has an average construction period of 60 months and there will be …
The Finnish Nuclear Safety Authority (Stuk) announced on Monday that the government may issue an operating permit for the Olkiluoto 3 nuclear reactor through to the year 2038, even though the facility still faces unresolved safety issues . The facility is located on the island of Olkiluoto off the western coast of Finland and owned …
THE UK’s Penultimate Power has agreed to form a joint venture with the Japan Atomic Energy Agency (JAEA) to build a novel small modular reactor in the UK to provide power and process heat for heavy industry. The partners want to build a 10 MWe high-temperature gas-cooled nuclear reactor in the North East of England, …
Czech Prime Minister Andrej Babis on Thursday outlined the government’s plan to build a number of nuclear reactors, saying the state should control construction so it can halt the expansion should power prices fail to support the project. The government expects to sign a contract with majority state-owned CEZ to build one or more new …
Rosatom, Russia’s state nuclear corporation, is close to reaching an agreement for a new partner in a nuclear power plant it is building on the Mediterranean coast of Turkey, according to Turkish media reports. For the last year, Rosatom has claimed it would finish the $20 billion nuclear power plant in Akkuyu by itself, after …
Kyushu Electric Power Co. said Wednesday it has decided to scrap its aging No. 2 reactor at its Genkai nuclear plant in Saga Prefecture. The utility abandoned a plan to restart the unit, which has an output of 559 megawatts, in the face of the huge costs involved in enhancing the safety of the reactor …
Spain aims to close all seven of its nuclear plants between 2025 and 2035 as part of plans to generate all the country’s electricity from renewable sources by 2050. Energy Minister Teresa Ribera announced the move on Tuesday (Feb 12), just as the Socialist government gears up to call an early national election in anticipation …
