The construction of a new power unit at the Tianwan Nuclear Power Plant (NPP) in China will begin in 2021, according to Russia’s state nuclear corporation Rosatom. It’s the biggest joint NPP project between the two nations. Together with the Chinese partners, we have already built four power units at this site and thus have …
Kazatomprom sold 15 percent of its stock in a dual-listing offering in London and Astana which valued the company at $3 billion, the bottom of its pricing range, the Kazakh state-owned uranium miner said on Tuesday. The sale of a stake in the world’s largest uranium producer is a first initial public offering of a …
China‘s total nuclear capacity is expected to reach 120-150 gigawatts (GW) in total by 2030, a senior industry official said on Thursday, more than triple the current rate but still lower than previous forecasts after a slowdown in new approvals. The prediction was made by Yu Jianfeng, chairman of the government-run China National Nuclear Corporation (CNNC), during …
As interest from financial investors and ongoing producer purchases continue to push up the uranium spot price, utilities are now in a hurry to top up supplies before year end. As producer purchases of uranium continue to underpin spot prices, with Cameco now having specifically disclosed its purchase intentions through 2018-19 (See: Producer Power from …
The Union of Concerned Scientists (UCS) surprised environmental advocates and energy officials on Thursday when it called for keeping existing nuclear power plants open for as long as safely possible to provide a wider window for transitioning to renewable energy resources. The group has spent years criticizing the nuclear industry for its safety problems and …
Ex-US secretary of energy believes Paris accord was key first step but not enough to address global warming There are grounds for optimism on the global response to climate change, though most countries are “off the pace” required to fulfil their obligations under the Paris agreement, according to former US secretary of energy Dr Ernest …
India has declared that nuclear energy is vital for meeting the challenge of climate change and suggested supporting efforts to promote its public acceptance amid growing opposition to nuclear power and plans by some countries to phase out their atomic generation plants. “Nuclear power remains an important option to meet the challenges of increased energy …
Nuclear energy in Japan may be making a significant comeback, it is just not going to be able to meet the government’s lofty production goals for 2030, according to a recent Reuters report. The Japanese government had set a target for nuclear to make up at least a 20 percent share of Japan’s total electricity …
Toshiba plans to wind up its UK nuclear business after failing to find a buyer, dealing a potentially fatal blow to plans for a new nuclear power station in Cumbria. Its NuGen division was behind the development of the Moorside project. Toshiba’s decision will dent the UK’s plans to develop new nuclear power stations. Unions …
India and China are set to drive nuclear power production growth in the world as the two developing nations pursue their respective national nuclear energy programs. According to the International Energy Agency, nuclear power production will grow by about 46 percent by 2040 — and more than 90 percent of the net increase will come from …