Long-Term Potential of Nuclear Power Remains High: IAEA Report

Nuclear power’s long-term potential remains high, although its global expansion is projected to slow down in coming years, according to a new IAEA report on International Status and Prospects for Nuclear Power 2017. The decline compared to previous projections is mainly on account of early retirement or lack of interest in extending life of nuclear power …

China, Pakistan agree to uranium cooperation

China and Pakistan have agreed to cooperate in uranium exploration and mining. China National Nuclear Corporation (CNNC) said it had signed a framework agreement with the Pakistan Atomic Energy Commission yesterday for technical cooperation in the exploration and development of uranium resources. China signed a similar agreement with Saudi Arabia earlier this year. Under the new agreement, …

Indian supply chain benefits from nuclear boost

Orders for a wave of new reactors to be constructed in India will give a boost to the efficiency of the country’s nuclear supply chain, Atomic Energy Minister Jitendra Singh said yesterday. Ten indigenously designed pressurised heavy water reactors were recently approved, while construction has already started on two VVERs with Russian cooperation. In answer to …

Areva says state subscribed to 2.5 billion euro capital increase for NewCo

PARIS (Reuters) – The French state has fully subscribed to a 2.5 billion euro ($2.92 billion) capital increase of nuclear fuel group Areva NewCo, completing one of the last stages of a complex state-funded restructuring of the company, Areva said on Thursday. Areva (AREVA.PA) said that the 500 million euros that Japanese companies Mitsubishi Heavy …

India, Japan civil nuclear deal comes into force

Tie-up to ensure energy security and clean power The landmark India-Japan civil nuclear agreement came into force on Thursday. Foreign Secretary S. Jaishankar exchanged the diplomatic notes with the Japanese envoy to India to formalise the completion of the process. “The India-Japan Agreement for Cooperation in the Peaceful Uses of Nuclear Energy entered into force …

India must achieve the target of 63 GW nuclear-installed capacity by 2032

  In 2015, India communicated its intended nationally determined contribution (INDC) for the period 2021-30 consisting of eight elements. Of these, two have a direct relationship with nuclear energy: to achieve about 40% cumulative electric power installed capacity from nonfossil fuel-based energy resources by 2030, and to reduce the emissions intensity of its GDP by …

China’s nuclear power push: How Beijing plans to transform Shanghai into world’s top nuclear energy innovation hub

China is planning to transform Shanghai into world’s top nuclear energy innovation hub in the next five years. China is planning to transform Shanghai into world’s top nuclear energy innovation hub in the next five years. This is in accordance with the country’s ambitious plan to become the “global nuclear forerunner” in coming years, according …

Niigata Governor’s Plans May Upend TEPCO’s Nuclear Restarts

By Kentaro Hamada and Osamu Tsukimori TOKYO (Reuters) – The governor of Japan’s Niigata prefecture, home to the world’s largest atomic power plant, Kashiwazaki-Kariwa, will not take steps to restart the site until a nuclear advisory committee completes its work, delaying its operation at least three years. Governor Ryuichi Yoneyama told Reuters in an interview …

Companies promise payback when prices rise — but until then, uranium wants a break

When the market recovers, the uranium industry won’t need a tax break. But it does now, industry representatives say.Citing low prices and employment, the Wyoming Mining Association will make the case for a state tax cut on uranium when lawmakers meet Thursday in Casper. The cuts worked once before, they say. In the early ‘90s, …