The minister yesterday released an audit of the construction of the Flamanville 3 EPR, conducted by former PSA Group chief Jean-Martin Folz. Construction work began in December 2007 on the 1650 MWe unit at the Flamanville site in Normandy. The EPR reactor was originally expected to start commercial operation in 2013 and cost EUR3.3 billion …
Moscow is sure to tout nuclear energy at the Russia-Africa Summit, selling it as a solution for the continent’s power supply woes. So just how concerned should we be about its intentions and Africa’s readiness? Southern Africa’s ongoing drought has had a devastating impact on the region’s power supply. Water levels at Kariba Dam, which …
The Czech Republic will need to build not only one new unit at its Dukovany nuclear power plant, but also more reactors at Temelín if it is to avoid becoming dependent on electricity imports from 2030, Deputy Prime Minister and Minister of Industry and Trade Karel Havlíček said yesterday. Havlíček cited the latest Mid-term Adequacy Forecast …
France has yet to decide whether to build new nuclear reactors and could yet pursue a long-term strategy of 100% renewable energy, Environment Minister Elisabeth Borne said on Monday. The minister was responding to questions on Europe 1 radio after the CEO of state-controled power utility EDF last week said it is clear France is …
Suncor Energy has an image problem that seems incurable. The Alberta oil sands giant produces vast amounts of synthetic crude oil, a product that comes with a rather frightening carbon footprint. As the oil sands expand, Suncor will become an ever-bigger target for climate-change activists and green-tinged politicians. Even Justin Trudeau, who may or may …
Paladin Energy Ltd’s pre-feasibility study (PFS) for the restart of the Langer Heinrich uranium mine has delivered improved economics and potential for capacity expansion. The Namibian mine could return to production within 12 months of a restart decision and favourable market conditions, the company said. Western Australia-based Paladin began the two-stream PFS in March. The …
Brazil’s mines and energy minister, Bento Albuquerque, said the country expects to resume production at the country’s only uranium mine before the end of the year and would open the sector to private companies. The move to restart Caetité, halted since 2014, is President Jair Bolsonaro’s administration latest efforts to attract foreign commercial interest to an …
French utility EDF’s (EDF.PA) plan to restructure itself will be delayed for at least a few months as it awaits a broader reform of power regulations, the head of state-owned power group said in a letter seen on Friday. EDF was expected to present firm proposals for the overhaul, known as “Project Hercules”, by the …
As a general rule, the most successful man in life is the man who has the best information. Uranium sector won’t catch a break One week ago Cameco announced it will maintain low output levels until uranium prices recover. The Canadian uranium miner also said it might cut production further, having already closed four mines in …
As uranium bulls, we are getting excited for the last few months of 2019 – which could see the uranium price appreciate materially. We are expecting the spot price of uranium to close the year somewhere between $30 and $35 (current spot price is $25.65). This potential 20% rise in the spot uranium price should …