Japan to shut down nuclear plants if counterterror steps not taken in time

Japan’s nuclear regulator decided Wednesday not to let power companies operate reactors if they fail to install sufficient counterterrorism measures by specified deadlines. The decision by the Nuclear Regulation Authority came after three utilities that operate five nuclear plants in western and southwestern Japan requested that their deadlines be extended as they expect delays in …

‘We may scale up supply of uranium to India’: Kazakhstan ambassador Bulat Sarsenbayev

Kazakhstan, the world’s largest producer of uranium, is looking at scaling up its supply of the key energy source to India from 5,000 tonnes during 2015-19 to more than 7,500 tonnes over the next five years, Kazakh ambassador Bulat Sarsenbayev said on Wednesday. The Central Asian nation, with the second largest uranium reserves or almost …

Saudi Arabia to lead a trillion dollar MENA investment splurge

The energy sector in the Middle East and North Africa will amass almost $1 trillion in investment over the next five years, as countries build out energy capabilities and pivot to renewables, according to new research. The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank with around $7 billion in total assets, provides an …

World’s only floating nuclear power unit to begin commercial production in Russia

After a series of successful and comprehensive tests, including on its twin KLT-40 reactor system, the unique floating nuclear power unit (FPU) “Akademik Lomonosov” is ready to start commercial operations. The FPU’s reactors, No.1 and No.2, were successfully brought up to 100% capacity on the March 31. These tests confirmed the operational stability of the …

Uranium investors nervously await White House decision

Donald Trump could decide to impose tariffs after probe into the nuclear fuel The uranium market is on tenterhooks as US president Donald Trump decides whether to impose tariffs or import quotas on the nuclear fuel. After a petition by two domestic miners, Washington’s Department of Commerce launched an investigation last year into the national security …

Prime Minister orders to suspend works at Issyk-Kul uranium site amid growing protests

Prime Minister of Kyrgyzstan ordered to suspend works at the Kyzyl-Ompul uranium site amid growing protests in Kyrgyzstan. During the government meeting to discuss this matter, PM said he ordered to create an interdepartmental commission to look into the impact of development of uranium on people and environment. All decisions on the uranium deposit should …