Nuclear power currently provides a third of energy demand in South Korea, but opinions are shifting. In 2017, President Moon launched government polls to gauge support for a phase out plan, but with results seemingly showing both a desire to reduce dependence and a will to press on with current builds, the question of whether …
The head of the State Office for Nuclear Safety, Dana Drábová, gave this rather blunt warning at a Prague energy conference this week attended by most of the country’s top energy executives and the Minister for Industry and Trade: ʺThere is immense pressure developing that the operating life of nuclear reactors will be limited to …
Next month, Saudi Arabia will announce the finalists of a sweepstakes. The prize? Multibillion-dollar contracts to build a pair of nuclear power reactors in desolate stretches of desert along the Persian Gulf. For Saudi Arabia’s crown prince Mohammed bin Salman, the reactors are a matter of international prestige and power, a step toward matching the …
Saudi Arabia could look to adopt nuclear energy as a way to move domestic energy consumption away from oil, the country’s foreign minister told CNBC Sunday. “We are looking at a number of countries that have nuclear technology for peaceful purposes,” Al-Jubeir said, speaking to CNBC from the Munich Security Conference. Saudi Arabia’s foreign minister …
HONG KONG, Feb 11 (Reuters) – Chinese state-owned nuclear company CGN Power Co Ltd said Sunday it plans to raise up to $794 million in a domestic listing on the Shenzhen stock exchange. The firm said in a Hong Kong stock exchange filing it plans to offer no more than 5,049,861,100 new shares at 1 …
Tax credits that would benefit biofuel producers and a nuclear reactor project being constructed by Southern Co. are among the energy incentives in a budget deal that Congress must pass by midnight to keep the government open. The tax incentives, which were left out of the broad package of tax cuts passed by Congress in December, were …
China’s state asset regulator has been driving consolidation of businesses it supervises to help the economy grow at a slower but more sustainable pace Beijing has given the green light to the merger between two nuclear giants as it continues to pursue further consolidation of state-owned industrial juggernauts to enhance operating efficiency. China National Nuclear …
France’s nuclear giant has a plan to survive the wave of renewable energy that’s sweeping aside old-fashioned utilities across Europe. First it needs to disprove the conventional wisdom about how reactors work. Electricite de France SA says its fleet of nuclear reactors aren’t just able to provide a steady stream of power, they’re flexible enough to …
SEOUL, Jan. 23 (Yonhap) — South Korea’s energy minister vowed Tuesday to support local companies’ overseas sales of nuclear reactors, even as the Asian country reduces use of nuclear power as part of its renewable energy initiative. Under the energy transformation policy, South Korea plans to increase use of renewable energy from 7 percent in …
“It is critical that we maintain a strong domestic nuclear sector; this begins by keeping our existing plants operating,” the NEI’s vice-president for policy development and public affairs told the Forum. Much of the action to preserve existing plants will take place at the state level, he said. New York, Illinois and Connecticut have “shown …