Brazil’s major electric utility will partner with French counterpart EDF on a three-year study of nuclear power capabilities in the South American nation. Centrais Elétricas Brasileiras, known as Eletrobras, signed a memorandum of understanding with EDF to collaborate with the Brazilian utility’s Electronuclear unit. They will work together on resumption of activities at the Angra 3 unit while …
A third generation EPR reactor in China carried out its first nuclear chain reaction on Wednesday, an initial start up which is a world first for the much-delayed European technology. The European Pressurised Reactor (EPR) in Taishan, southern China “carried out its first chain and therefore it has started,” tweeted Xavier Ursat, head of new …
The U.K. government wants to revamp how it finances nuclear power and is looking at how it drew in funds for a 25 kilometer (16-mile) sewage project in London as a model. The move announced by Business Secretary Greg Clark on Monday, would help reduce the cost of nuclear power by requiring the state to …
The Atomic Energy Council (AEC) has given the nod to the country’s second nuclear power plant in New Taipei’s Wanli District to restart its No. 2 reactor, state-run utility Taiwan Power Co. (Taipower) said on Tuesday. Taipower received official written approval from the AEC earlier Tuesday to restart the reactor, the power company said, adding …
Ten projects have been selected to receive a total of up to USD24 million in funding under a new programme from the US Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) initiative. The projects selected include a transportable gas-cooled reactor, and technology to support load-following, improve safety and reduce costs in advanced reactors. ARPA-E’s …
A former investment banker is leading the flotation of a new company that plans to buy up and store huge quantities of uranium in anticipation of a jump in its value. Peter Bacchus, previously of Jefferies and Morgan Stanley, is masterminding the initial public offering of Yellow Cake, which is seeking to raise between $160m (£120m) …
Japanese utility Kansai Electric Power Company is to cut its electricity prices for customers by more than 5% on average following the restart of units 3 and 4 of its Ohi nuclear power plant and the subsequent reduction in fuel costs. The company made a similar price cut last August after units 3 and 4 …
Dr. Yousry Abu Shady As Egypt is standing on the verge of starting the construction of its first nuclear power plant at El Dabaa, it is becoming obvious that the country and the Matrouh province, where the plant will be located are in more a much more profound and far-reaching transformation than just the energy …
Japan’s hopes of keeping its nuclear fuel recycling program alive faces another major obstacle with signs from France that a reactor project there will be scaled back because of swelling construction costs. After the nuclear fuel recycling program suffered a heavy blow with the decision in late 2016 to decommission the Monju prototype fast-breeder reactor, …
The spot uranium price ticked up again last week and growing 2019 demand suggests further upside. In this wire, Greg Peel discusses improving prices, the US conundrum, and new reactors for Japan. Improving prices Following the prior week’s spurt of activity and breakout 5% price jump, the uranium spot market was again busy last week …