France’s EDF expects six new nuclear reactors to cost 46 billion euros

French power utility EDF estimates it would cost at least 46 billion euros ($51 billion) to build six of its latest generation EPR nuclear reactors if the government decides to build them, French newspaper Le Monde reported on Saturday. The estimate was in a confidential document presented to the board of state-controlled EDF at the …

Iran, Russia officially launch the construction of Bushehr NPP’s second stage

The ceremony is attended by Head of Atomic Energy Organization of Iran Ali Akbar Salehi The construction of the second stage of the Bushehr nuclear power plant conducted jointly by Russia has begun in Iran, according to the IRIB broadcaster. Head of Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi has attended the ceremony. …

Saudi nuclear: talks ongoing with US to allow kingdom nuclear technology

A senior US official has confirmed that Washington is in talks with Riyadh about supporting Saudi Arabia’s planned nuclear programme. Speaking in Abu Dhabi on 26 October, US Energy Secretary Rick Perry Perry confirmed that talks were ongoing. Perry told the forum that Saudi Arabia’s leadership in Riyadh wanted to sign a ‘123 Agreement’ with …

Ginna Nuclear Power Plant Celebrates Five Decades of Carbon-Free, Reliable Power and Community Stewardship

Nuclear station holds world reliability record for number of hours online, providing reliable emissions-free energy for 500,000 homes Exelon Generation’s R.E. Ginna Nuclear Power Plant is celebrating a strong record of reliable carbon-free power generation and community stewardship since the first nuclear reaction took place in Ontario, New York 50 years ago on November 9, 1969. …

President Trump nominates Dan Brouillette to be United States Secretary of Energy

Today, President Donald J. Trump formally nominated Dan Brouillette to serve as the next U.S. Secretary of Energy. Brouillette, current U.S. Deputy Secretary of Energy, would replace sitting Secretary Rick Perry if confirmed by the U.S. Senate. “It has been the opportunity of a lifetime to serve as Secretary of Energy. I have the utmost …

The uranium industry wants to be great again, but how long will it take?

Uranium markets have been struggling for several years, and industry commentators have been saying for awhile now that the recovery is coming. But just how close is it? From $US140 highs in 2007, prices shrunk due to the GFC and Japan’s Fukushima disaster and the industry struggled. Uranium prices 2007-2019 (Pic: Bloomberg) In 2019, there …

Innovative MYRRHA research reactor starting to take shape

The world’s first prototype of a high-power research reactor driven by a particle accelerator is taking shape with the contribution of Tractebel nuclear and urban experts. A First agreement worth 7,6 million euros for the design of buildings and utilities was signed on November 5. On November 5, the first agreement for the implementation of …

‘We expect the … [uranium] price in the fourth quarter will exceed $47/lb’

Canada-based uranium producer Cameco (TSX: CCO) has tipped higher revenue and a slightly higher realised price for its key commodity as it swung to a loss in its September quarter results. Its net loss was C$13 million (US$9.9 million) or 3c per share, compared with earnings of $28 million (US$21.3 million) and 7c respectively a …