Canada offers CAD3 billion finance for nuclear in Romania

The Canadian Minister of Energy and Natural Resources Jonathan Wilkinson has announced CAD3 billion (USD2.2 billion) of export financing to Nuclearelectrica to support the building of two CANDU-6 reactors at the Cernavoda nuclear power plant in Romania. The agreement was announced by Wilkinson alongside Sebastian Burduja, Romania’s Energy Minister, in Ottowa. He said it would …

Poland’s first NPP to start operating in 2033

Poland’s first nuclear power plant (NPP) will start operating in 2033, as planned, the Polish government’s commissioner for strategic energy infrastructure said in Washington on Wednesday. Anna Łukaszewska-Trzeciakowska went to the U.S. to hold talks with representatives of Westinghouse and Bechtel, Poland’s partners in the NPP construction, about accelerating work on the investment. After the …

Westinghouse and Energoatom agree AP300 SMR cooperation

Ukraine’s Energoatom and the US firm Westinghouse have signed a memorandum of understanding (MoU) relating to the development and deployment of AP300 small modular reactors (SMRs) in Ukraine. The MoU was signed by Westinghouse CEO Patrick Fragman, seated left in the the picture above, and Energoatom President Petro Kotin. Ukraine’s Energy Minister Herman Halushchenko, standing …

Holtec signs PPA aimed at restarting Palisades nuclear plant

The fate of the shuttered plant still hinges on financial support from the federal government. Holtec International and Wolverine Power Cooperative announced the signing of a long-term power purchase agreement that would allow the restart of the 800 MW Palisades nuclear plant in Covert Township, Michigan. Wolverine would purchase up to two-thirds of the power …

‘Net Zero Nuclear’ Initiative Calls for Global Collaboration to Triple World Nuclear Capacity by 2050

World Nuclear Association (WNA) and the Emirates Nuclear Energy Corporation (ENEC), with the support of the Atoms4NetZero initiative launched by the International Atomic Energy Agency (IAEA), today called for unprecedented collaboration between government, industry leaders and civil society to triple global nuclear capacity to achieve carbon neutrality by 2050. The urgent call for rapid deployment …

French Power Prices Drop on Renewed Confidence in Nuclear Fleet

Winter prices almost close the difference with German power Signals of improved energy security after volatile period A steep drop in French electricity prices is signaling increasing confidence that Europe’s biggest fleet of nuclear reactors will be able to operate reliably through the winter. French power for the first quarter of next year traded at …