Industry must address costs, says Vattenfall CEO

Nuclear must be part of a fossil-free future, but the industry first needs to address the cost of constructing new reactors, Magnus Hall, CEO of Swedish utility Vattenfall AB, told delegates attending World Nuclear Association Symposium 2019 in London. Hall – who is also chairman of Eurelectric, the association of European electricity generators – said …

Cameco may cut uranium output further as demand stalls – Reuters

Canadian miner Cameco (CCO.TO) said it will hold down output until uranium prices recover and it could cut production further, although nuclear reactor life extensions in France and newbuilds in China, the UAE and Britain bring some hope. Since the 2011 Fukushima nuclear disaster, Japan, Germany and other countries have closed dozens of reactors, which …

Kepco’s losses pile up amid debate over anti-nuclear power policy

To blame or not to blame the performance of South Korea’s power generator on the anti-nuclear power policy? This question has emerged yet again following news of Korea Electric Power Corp.’s quarterly loss last week. State-owned Kepco said its operating loss reached 298.6 billion won ($248 million) in the second quarter, following its worst-ever first-quarter …