Romania’s nuclear power producer Nuclearelectrica is close to signing an agreement with Chinese partner China General Nuclear Power Corporation (CGN) and CGN’s European subsidiary on setting up the joint company that will develop two new reactors at the Cernavoda nuclear plant. Next week, Nuclearelectrica’s shareholders will mandate the company’s management to sign the contract, Profit.ro reported. The …
Saudi Arabia plans to issue a multi-billion-dollar tender in 2020 to construct its first two nuclear power reactors and is discussing the project with U.S. and other potential suppliers, three sources familiar with the plans said. The world’s top oil exporter wants to diversify its energy mix, adding nuclear power so it can free up …
Infrastructure firm Tata Projects Wednesday said it has bagged order worth around $321 million from Nuclear Power Corporation of India (NPCIL). “This 2X700 MW power plant order valued around $321 million is the company’s third contract in the nuclear power sector,” Tata Projects said in a statement. The scope of work involves construction of main plant buildings and structures, …
Saudi Arabia is nearing completion of its first nuclear reactor, satellite images of the facility show, triggering warnings about the risks of the kingdom using the technology without signing up to the international rules governing the industry. The research facility is located in the southwest corner of the King Abdulaziz City for Science and Technology in …
China will begin construction on several new nuclear power projects this year, according to Liu Hua, deputy minister of the Ministry of Ecology and Environment and head of the National Nuclear Safety Administration. Liu’s announcement — made Monday during the China Nuclear Energy Sustainable Development Forum in Beijing and later reported by Economic Information Daily — marks …
China will be able to build six to eight nuclear reactors a year if project approval processes return to normal as expected in the near future, the chairman of the state-owned China National Nuclear Corporation (CNNC) said on Monday (Apr 1). “That should be enough to meet our country’s 2030 development plans,” Yu Jianfeng said, speaking …
Stalled by the Fukushima effect and a three-year moratorium, China now favours development of the home-grown Hualong One for the domestic market China’s home-grown nuclear technology is gaining favour in the battle for the nation’s next generation of reactors, according to a state-owned developer, as it sought to recover from delays and cost blowouts from …
Ali Akbar Salehi, head of Islamic Republic’s Atomic Energy Organization, says work on $8.5-billion power station project ‘moving ahead in an excellent manner’ Construction of two new nuclear plants in the southern Iranian city of Bushehr, home to the country’s only current working nuclear power station, is on schedule and going to plan, the Islamic Republic’s …
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 …