Saudi Arabia’s plans to build a nuclear power plant will speed up the Kingdom’s economic development as it would diversify its over-reliance on crude oil, a Saudi energy expert told Sputnik in an interview on Tuesday. “The decision to build a nuclear power plant in the kingdom is the result of serious research that confirmed …

In a surprise victory, Taiwanese voters on Saturday decisively rejected the government’s phase-out of nuclear power, 59% to 41%. Pro-nuclear activists in Taiwan shouted and shed tears of joy at around 10:15 pm Taiwan time (9:15 am Eastern time) after it became clear that they had won the required five million votes to pass a …

The uranium market has enjoyed a recent resurgence of initial public stock offerings, amid prospects for significant growth in demand from emerging markets. “In terms of an investment thesis today, there is perhaps no better commodity than uranium with its bull market finally under way on tightening fundamentals,” says Scott Melbye, executive vice president of …

Seven out of 10 South Koreans are happy with power sourcing from cheap nuclear reactors and do not agree with the government’s plan to phase out nuclear fuel. Based on the public survey, the Korean Nuclear Society and a council of 200 energy science professors on Monday urged the liberal government to reexamine its energy …

France aims to reduce the share of electricity produced by nuclear reactors to 50 percent from 75 percent now by 2035, Environment Minister Francois de Rugy said on Sunday. The French government has long outlined plans to shrink the country’s reliance on nuclear energy to 50 percent, though the deadline for that goal had remained …

Along the pine-lined shores of Finland’s bucolic western coast, a clean energy vision of the Nordic country’s future is quietly taking shape. On the tiny island of Olkiluoto, workers are applying the finishing touches to a new Evolutionary Pressurised Reactor (EPR) set to supply 10% of Finland’s electricity needs. Like all nuclear power reactors, the massive …

A memorandum of cooperation has been signed between Japan and the USA to “promote the global leadership role” of the two countries in civil nuclear energy. The memorandum was signed on 13 November by Japan’s Ministry of Economy, Trade and Industry (METI) and Ministry of Education, Culture, Sports, Science and Technology and the USA’s Department …

China‘s total nuclear capacity is expected to reach 120-150 gigawatts (GW) in total by 2030, a senior industry official said on Thursday, more than triple the current rate but still lower than previous forecasts after a slowdown in new approvals. The prediction was made by Yu Jianfeng, chairman of the government-run China National Nuclear Corporation (CNNC), during …

The Union of Concerned Scientists (UCS) surprised environmental advocates and energy officials on Thursday when it called for keeping existing nuclear power plants open for as long as safely possible to provide a wider window for transitioning to renewable energy resources. The group has spent years criticizing the nuclear industry for its safety problems and …