Westinghouse emerging from bankruptcy, capable of delivering India nuclear reactors

On his first visit to India, Rick Perry said India must look at “broad portfolio” of energy sources to deliver reliable electricity to its growing population and not just at affordability. US Energy Secretary Rick Perry said today that Westinghouse Electric Co is emerging out of bankruptcy and is now capable of delivering the planned …

Russia to suspend nuclear, rocket cooperation with America – draft law

Russian lawmakers have drafted a bill suspending cooperation with US companies in the nuclear, missile and aircraft-building spheres, as well as introducing restrictions on imports of alcohol and tobacco produced in the US. “The bill is about alcohol and tobacco products and about ceasing or suspending international cooperation in the nuclear sphere, rocket engine building …

Russia discusses prospects for building nuclear power plants with Saudi Arabia, Uzbekistan

Russia’s state nuclear corporation Rosatom is discussing with Saudi Arabia and Uzbekistan the possibility of building nuclear power plants in these countries, head of Rosatom Alexei Likhachev said at a meeting with Russian Prime Minister Dmitry Medvedev, TASS reports. “We are working on it with Saudi Arabia, with Uzbekistan,” he said. The head of Rosatom expressed hope …

Hong Kong in the running to host Kazatomprom IPO

Country’s sovereign wealth fund owns US$70b in assets. Three firms are Air Astana, uranium producer Kazatomprom, and Kazakhtelecom Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, is planning initial public offerings (IPOs) for three of its major assets this year, and Hong Kong is being viewed as a strong choice as the potential venue. Nurlan Rakhmetov, its managing …

UAE — A role model for nuclear energy

There are around 440 operational nuclear power reactors in 30 countries today. About 60 reactors are under construction in 15 countries. Countries introducing nuclear power for the first time, called “newcomers”, face a number of key challenges in infrastructure development: completing a national strategy for the programme, developing legal framework and an independent nuclear regulatory …