GoviEx receives expressions of interest from project lenders for Niger uranium project

JOHANNESBURG  – TSX-V-listed GoviEx Uranium has received expressions of interest from export credit agencies and project finance banks to arrange $220-million of senior debt financing for the construction of the Madaouela uranium project, in Niger. This followed the earlier appointment of Medea Capital Partners as project debt adviser and is in line with the Africa-focused exploration and development company’s four-step strategy to …

China National Nuclear, Shenhua team up to develop gen-4 reactor

SHANGHAI (Reuters) – The China National Nuclear Corp (CNNC) has signed an agreement with the Shenhua Group, China’s biggest coal producer, to promote the development of advanced “traveling wave” reactor technology, the state nuclear giant said. At a ceremony on Tuesday, the two sides signed an investment agreement to promote fourth-generation traveling wave reactors (TWR), …

World Nuclear Association welcomes Akkuyu construction

The World Nuclear Association has welcomed the start of general construction work at the site of the planned Akkuyu nuclear power plant, following confirmation by Alexey Likhachov, director-general of the Russian state nuclear corporation Rosatom. Speaking to journalists last week at the 61st regular session of the International Atomic Energy Agency General Conference in Vienna, …

UAE Energy Minister: First nuclear reactor to be operational next year

UAE energy minister Suhail al-Mazroui said on Monday the country’s first nuclear reactor would “definitely” be operational by next year. Speaking at an event in Abu Dhabi, al-Mazroui said the first nuclear reactor was 96 percent complete. The UAE is looking to nuclear energy to contribute around 25 percent to its clean energy mix by …

India in talks with countries like Uzbekistan to procure nuclear fuel to create uranium reserve​

New Delhi: India is engaging with various countries, including Uzbekistan, to procure nuclear fuel as part of its plan to create a strategic uranium reserve to ensure long-term security. The plan is to have a stockpile of nuclear fuel for its strategic uranium reserve that can sustain the country’s reactors for the next five years so …