Nuclear shares soar after China plans to invest US$12 billion in new reactors for first time since 2016

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 …

Basemat of Turkey’s Akkuyu 1 completed

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 …

Czech PM outlines nuclear expansion with state control over construction

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 reportedly reaching new deal to complete Turkish nuclear plant

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 …