UK’s Nuclear Push Advances With Financing Model for Sizewell C

EDF’s plant gets designation under regulated asset base model Private investment is key hurdle for ambitious atomic plans The UK’s long-planned Sizewell C nuclear station took another step forward when the government approved its eligibility for a state-backed financing mechanism. Business Minister Grant Shapps designated Electricite de France SA’s power plant under the regulated asset base …

Construction begins for El Dabaa unit 2

The ceremony took place on Saturday (Image: NPPA) First concrete was poured into the foundation slab, marking the start of the main stage of construction for the second unit at Egypt’s first nuclear power plant. The occasion was attended by Egypt’s Minister of Electricity and Renewable Energy, Mohammed Shaker, Chairman of the Egyptian Nuclear Power …

Chancellor gives Sizewell C go ahead

Chancellor Jeremy Hunt announced on Thursday the government’s support for Sizewell C’s construction, subject to final agreement. In his Autumn Statement, he said the nuclear power station would create thousands of jobs and represented the biggest step in the UK’s journey to energy independence. He stressed the need for the UK to further increase domestic …

Rising steel prices, interest rates could push NuScale Utah project cost to $100/MWh, but support remains

Rising steel prices, interest rates could push NuScale SMR cost to $100/MWh, threaten UAMPS project NuScale Power Higher steel prices and interest rates are driving up the projected cost of energy from Utah Associated Municipal Power Systems’ planned 462 MW small modular reactor project, multiple municipal utilities have reported. Previous cost estimates were for the project …

Macron’s Plan for New Nuclear Reactors Sparks Hiring Drive

Macron’s call for six new plants sparks push for more staff Industry needs to train more welders, electricians, engineers The French nuclear industry, already grappling with the maintenance of its fleet of aging reactors, needs to recruit as many as 15,000 employees annually as President Emmanuel Macron pushes for at least six new plants to …

Nuclear power to account for up to 35 pct of energy mix, minister says

Nuclear power will ultimately make up 30-35 percent of Poland’s energy mix while the rest will mostly come from the renewable energy sources, the development and technology minister has said. Waldemar Buda told the Republika TV station on Tuesday that “in 10-12 years our energy mix will look completely different from today.” “A nuclear power …