Construction of a new nuclear power plant: who will be Armenia’s energy partner?

Armenia plans to build a new nuclear power plant by 2036. Which country will be the energy partner for this project is not yet clear. Cooperation with Russia, the USA and other countries is being discussed. According to the prime minister, the government is studying proposals to understand “which option is more economically viable.” In 2022 …

NRG exits nuclear with sale of South Texas Project stake

Constellation Energy has agreed to purchase NRG Energy’s 44% stake in the South Texas Project (STP) for USD1.75 billion. The plant – located about 90 miles southwest of Houston – comprises two 1280 MWe pressurised water reactors which began providing electricity in 1988 and 1989, respectively. NRG announced it has entered into a definitive agreement …

Karachi 3 receives operating licence

The Pakistan Nuclear Regulatory Authority (PNRA) has granted an operating licence for unit 3 of the Karachi nuclear power plant, the second of two Chinese-supplied Hualong One reactors at the site. Units 2 and 3 of the Karachi site – near Paradise Point in the province of Sindh – are the first exports of China …

Michigan lawmakers pledge ‘full support’ for reopening Palisades nuclear plant

The Palisades nuclear plant closed in May 2022 Gov. Gretchen Whitmer has pushed since then to reopen it A new caucus of lawmakers backs the effort, which could cost taxpayers $300 million or more The push to repower the shuttered Palisades nuclear power plant has momentum in Lansing, with a bipartisan caucus pledging support for …

Legislators form caucus, send letter supporting reopening Palisades

A bipartisan, bicameral group of legislators has sent a letter to Gov. Gretchen Whitmer supporting the reopening of the Palisades Nuclear Power Plant in Covert Township. Palisades shut down just over a year ago on May 20, 2022, but current owner Holtec International is attempting to restart the plant. Holtec is seeking funding through the U.S. Department …

Electricity prices in Finland flipped negative — a huge oversupply of clean, hydroelectric power meant suppliers were almost giving it away

Finland’s renewable power strategy is paying off as its energy has fallen into negative prices. A new nuclear reactor, as well as unexpected floods, are leading to a glut of clean energy. It is a striking reversal from last year, when Finns slashed their usage after cutting ties with Russia. Finland was dealing with an …