France is considering restructuring state-owned utility EDF and plans a steady reduction to the country’s reliance on nuclear power, the government said on Tuesday. In a long-awaited speech on energy strategy, President Emmanuel Macron said France would reduce the share of nuclear in the power mix to 50 percent by 2035, down from 75 percent …
From Adem Tumerkan: For uranium investors – the suspense of a nearing bull market must be maddening. . . We keep hearing – and being promised – that the uranium bull market’s “right around the corner” – only to be left deeper in the red. But things actually have fundamentally changed in the uranium market recently. . . And in terms …
In a festive signing ceremony in Mumbai on November 21, Maharashtra’s Chief Minister Mr. Devendra Fadnavis hosted the signing of a Memorandum of Understanding (MOU) with Holtec Asia to establish a manufacturing facility that would give India autonomous capability to produce systems and components to support the country’s planned expansion of nuclear generation. While the plant, …
French energy group EDF and Nawah Energy have signed a deal to operate and maintain the delayed Barakah power plant, which will be the first nuclear energy plant in the Arab world. The $24.4 billion Barakah power plant in the United Arab Emirates is the world’s largest nuclear project under construction but has been marred …
The land acquisition process for the 9900 MW nuclear power plant in Jaitapur, about 600 kilometres from here, has been completed, Maharashtra Energy Minister Chandrashekhar Bawankule said. In a written reply to a question by Congress MLC Anant Gadgil in the Maharashtra Legislative Council Thursday, Bawankule added the state government was assisting the Centre to …
In a surprise victory, Taiwanese voters on Saturday decisively rejected the government’s phase-out of nuclear power, 59% to 41%. Pro-nuclear activists in Taiwan shouted and shed tears of joy at around 10:15 pm Taiwan time (9:15 am Eastern time) after it became clear that they had won the required five million votes to pass a …
Global miner Rio Tinto Ltd said on Monday it will sell its entire stake in Rössing Uranium Ltd to China National Uranium Corp Ltd for up to $106.5 million. The sale of the 68.62 per cent stake in Rössing Uranium Ltd, which owns the Rössing mine in Namibia, ends a period of extensive strategic assessment, …
The uranium market has enjoyed a recent resurgence of initial public stock offerings, amid prospects for significant growth in demand from emerging markets. “In terms of an investment thesis today, there is perhaps no better commodity than uranium with its bull market finally under way on tightening fundamentals,” says Scott Melbye, executive vice president of …
France could shut down up to six nuclear reactors by 2028 among other options, French media reported, as part of its medium-term energy policy to be presented next week. “I can confirm that there are three scenarios on the table that we are looking at, we are making final adjustments and all will be presented …
Detailed plans for a new nuclear power plant including road improvements, park and ride sites and worker accommodation will be put to the public next year. EDF Energy has announced the third consultation on its plans for Sizewell C on the Suffolk coast will start on 4 January. The £16bn plant would be built next …
