Russian lawmakers have drafted a bill suspending cooperation with US companies in the nuclear, missile and aircraft-building spheres, as well as introducing restrictions on imports of alcohol and tobacco produced in the US. “The bill is about alcohol and tobacco products and about ceasing or suspending international cooperation in the nuclear sphere, rocket engine building …
Washington (Platts)–12 Apr 2018 554 pm EDT/2154 GMT Due to their high cost relative to other generating options, no new nuclear power units will be built in the US, an Exelon official said Thursday. “The fact is — and I don’t want my message to be misconstrued in this part — I don’t think we’re …
Country’s sovereign wealth fund owns US$70b in assets. Three firms are Air Astana, uranium producer Kazatomprom, and Kazakhtelecom Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, is planning initial public offerings (IPOs) for three of its major assets this year, and Hong Kong is being viewed as a strong choice as the potential venue. Nurlan Rakhmetov, its managing …
There are around 440 operational nuclear power reactors in 30 countries today. About 60 reactors are under construction in 15 countries. Countries introducing nuclear power for the first time, called “newcomers”, face a number of key challenges in infrastructure development: completing a national strategy for the programme, developing legal framework and an independent nuclear regulatory …
The state Legislature will vote Thursday on several clean energy bills, including one to provide $300 million a year to nuclear power plants that can prove they are struggling to compete with cheap natural gas. Other bills would subsidize solar and wind power. Subsidies would be paid by ratepayers. The nuclear subsidy bill alone would …
TOKYO (Reuters) – An influential Japanese energy panel on Tuesday left the door open to building nuclear plants to help meet long-term emissions targets, urging rapid technology improvements to allow industry to develop safer and more economic reactors. The advisory panel, whose recommendations will feed into a review of the country’s 2030 basic energy plan …
Xi Jinping, at a May 2014 Asia-Pacific Economic Cooperation (APEC) summit, described a secular decline in the rate of China’s GDP growth as a “new normal” condition. Since then, the term “new normal” has become shorthand in China for the challenges that the economy will face in coming years, perhaps for decades. Leaders in Beijing …
The nation’s nuclear energy industry is facing a crisis that the Trump administration must immediately address as a core part of its “energy dominance” agenda, a Washington think tank said Thursday. The decline of the nuclear power industry is “an important policy problem” that is not receiving the attention it deserves, the Atlantic Council said …
Sitting atop the world’s second-largest oil reserves, Saudi Arabia has little to worry about when it comes to generating energy. But the Gulf nation is now angling to make one of the biggest investments in nuclear energy the world has seen. Saudi Arabia plans to spend more than $80 billion to build 16 nuclear reactors over the next …
WASHINGTON, D.C. – Today, the U.S. Department of Energy (DOE) celebrated the conclusion of the Fiscal Year 2018 (FY 2018) appropriations process. The Omnibus bill, signed by President Trump, includes $34.5 billion in funding for the DOE. “As a former appropriator, I am keenly aware of the work that goes in to the budget process, and …