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 …
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 …
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 …
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 …
Fennovoima is proceeding with plans to build the Hanhikivi 1 nuclear power plant in the northern Finnish city of Pyhäjoki and expects to receive the construction license in 2021, Fennovoima CEO Toni Hemminki told New Europe in an interview on the sidelines of the 2019 Atomexpo XI in Sochi on 15 April. Fennovoima had originally …
A former US energy secretary dismissed the idea that an influx of foreign uranium imports is a threat to national security, rejecting what could be a justification for future import quotas to protect domestic suppliers. “I have never considered uranium to be a major security issue,” Ernest Moniz, who led the Department of Energy under former …
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 …
Chinese companies have expressed great interest in bidding for Bangladesh’s proposed second nuclear power plant. Two Chinese companies – Dongfang Electric Corporation and China State Construction Engineering Corporation – have started huge lobbying with the Bangladesh Atomic Energy Commission to bag the deal. They said that the government conceived the second nuclear power plant in …
India will soon have 12 more nuclear plants soon to improve the power situation and ensure there is a free flow of uninterrupted power supply for both industries and residential use, a statement issued on Monday here quoted Secretary of the Department of Atomic Energy (DAE), K N Vyas, as saying. “Nuclear technology helps in …
Many are calling for the construction of High-Efficiency Low Emission (HELE) coal power plants, in order to avoid outages and soaring power prices. But Australian Nuclear Association Vice President Rob Parker tells Natalie Peters and Erin Molan nuclear energy is the most environmentally friendly and cost-effective option. “When we look at nuclear energy we find …
