Five countries have submitted their requests for the establishment of two nuclear reactors in Saudi Arabia on the Arabian Gulf coast. The bid was made after the peaceful Saudi nuclear project met the requirements of the International Atomic Energy Agency (IAEA). The oil-rich Kingdom launched a tender to define specifications of sites that will host …
China’s nuclear power generation increased in 2018 as the country installed more reactor units, official data showed. Altogether 294.4 billion kWh of nuclear power was generated last year, up 18.6 percent year on year, according to the China Electricity Council (CEC). It accounted for 4.2 percent of the country’s overall electricity generation, saving 90 million …
The Japanese firm Hitachi has shelved a planned new nuclear plant at the Wylfa site on Anglesey in Wales, leaving a large hole in the UK government’s climate and energy strategy. The news comes just months after the planned Moorside plant in Cumbria was scrapped by Toshiba, another Japanese conglomerate. Hitachi’s UK subsidiary, Horizon, has also suspended …
The uranium market is prompting cautious optimism for observers after a 30% price rally since spring 2018, but developing a uranium mine remains a risky proposition for a host of reasons. With the market at a crossroads and high-profile mining projects encountering difficulties at various stages of development, is the optimism justified? After years of …
Hitachi’s decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France’s EDF and its Chinese partner in talks with the government on how to finance new reactors. Funding new nuclear plants has become critical as Hitachi became the second Japanese firm to say its British nuclear power project had …
China’s southern Guangdong province is on a spree constructing nuclear power plants, with the latest addition to the province’s nuclear plant cluster in the city of Huizhou, 90 kilometers northeast of Hong Kong. Six reactors there will generate 50 billion kilowatt-hours per year to quench the province’s thirst for electricity. The 120 billion yuan (US$17.74 billion) …
Happy New Year and thank you for your readership. We appreciate your interest!! Listed below are the most read articles on SIGHTLINE U3O8 in 2018. The Global X Uranium ETF resets their expectations – May 2, 2018 Uranium Demand: Is it coming or going? – February 6, 2018 UComps: Uranium Development Stage Projects: Show me the money? – October 4, …
Japanese firm Hitachi is set to cancel a £16 billion nuclear power station in Wales, leaving the long-term future of Britain’s energy sector in jeopardy. While no formal decision has yet been made, the Nikkei newspaper has reported that an impasse in months-long talks between the company, London and Toyko on financing is expected to result in …
Much more rests on the £19.6bn project to construct the Hinkley Point C nuclear power station in Somerset than the ability to power 6M homes. Everyone is bearing the pressure to get it right – from the shovel drivers at a nearby Somerset quarry who wash the wheels of their vehicles to ensure the quality …
Nuclear power provides roughly 20 percent of the United States’ electricity and about half of its low-carbon electricity. Whether you think nuclear power is a good or a bad thing, the fact is that the existing nuclear power fleet contributes a significant amount of energy to the US grid, and all that capacity is rapidly approaching …
