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 …
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 …
Under difficult uranium market conditions, this U.S. producer is capitalizing on a number of innovative opportunities. Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.American) President and CEO Mark Chalmers addressed the uranium market issues in a recent letter to shareholders, “Things are happening in global uranium markets, namely major production cuts, that we believe will rationalize this market …
Emirates Nuclear Energy Corporation hails major construction milestone at Barakah Nuclear Energy Plant The Emirates Nuclear Energy Corporation (ENEC) has announced the completion of the reactor containment building dome for Unit 4, the final unit of the Barakah Nuclear Energy Plant, located in the Al Dhafrah region of Abu Dhabi. The unit’s reactor coolant loop …
The state Legislature will vote Thursday on several clean energy bills, including one to provide $300 million a year to nuclear power plants that can prove they are struggling to compete with cheap natural gas. Other bills would subsidize solar and wind power. Subsidies would be paid by ratepayers. The nuclear subsidy bill alone would …
TOKYO (Reuters) – An influential Japanese energy panel on Tuesday left the door open to building nuclear plants to help meet long-term emissions targets, urging rapid technology improvements to allow industry to develop safer and more economic reactors. The advisory panel, whose recommendations will feed into a review of the country’s 2030 basic energy plan …
Kansai Electric Power Co. has started work to load nuclear fuel into reactor 4 at its Oi nuclear plant in Fukui Prefecture. The operation, which started Sunday, to place 193 uranium fuel assemblies in the reactor is to be completed by Wednesday. Kansai Electric aims to restart the reactor sometime in mid-May. According to the …
The Narendra Modi government, which had set the ambitious 63,000 MW nuclear power capacity addition target by the year 2031-32, has cut it down to 22,480 MW, a Lok Sabha answer has revealed. “With the completion of the under construction and sanctioned projects, the total nuclear power installed capacity in the country will reach 22480 MW… by the year …
Turkey reported the construction start of its first nuclear power plant to the IAEA’s Power Reactor Information System (PRIS) this week. The first safety-related concrete was poured for unit 1 of the Akkuyu nuclear power plant on 3 April, following the granting of the construction licence by the regulatory body, the Turkish Atomic Energy Authority …
Uranium has been mired in a protracted slump since 2011 and despite claims by some pundits that a rally is looming, its price continues to fall, leaving it down by 12% over the last year. This has had a deleterious impact on uranium miners, with many — including the world’s largest publicly traded uranium miner Cameco Corp. (TSX:CCO)(NYSE:CCJ) shuttering …
