Financial backers call VC Summer restart a ‘no brainer’ for the future of nuclear energy

A day after inking a $2.7 billion deal to lead South Carolina’s nuclear reboot, executives of a New York investment firm were in the Palmetto State to talk about what drew them to the multibillion-dollar undertaking. Hundreds gathered Tuesday on the floor of Colonial Life Arena in Columbia to hear from South Carolina utility executives, legislators and …

India’s nuclear generation hits all-time high as NPCIL crosses 56,681 MUs in FY 2024-25

Nuclear Power Corporation of India Ltd (NPCIL) has achieved the highest generation of nuclear power of 56,681 million Units of electricity in FY 2024-25, avoiding about 49 million tons of CO2 emissions. Continuous Operation for more than a year has been recorded 53 times so far, with TAPS-3 exceeding its earlier record of 521 days …

Kazakhstan’s uranium reserves surpass 2 mln tons

Kazakhstan’s probable uranium reserves exceed 2 million tons, Energy Vice Minister Yerlan Akbarov revealed at today’s plenary session of the Kazakh Senate, Qazinform News Agency reports. He announced Kazakhstan’s prospective uranium reserves surpass more than 2 million tons. There are nine uranium provinces in Kazakhstan, including the Shu–Sarysu and Syrdarya basins, which are mainly represented by hydrogenic …

‘Construction begins,’ says Tusk as EU approves funding for Poland’s first nuclear power plant

Poland will begin building its first nuclear power plant later this month after the EU formally approved public funding for the project, Prime Minister Donald Tusk said on Tuesday. Posting on X, the prime minister said: “We have it! Billions in public aid for the construction of Poland’s first nuclear power plant. Europe has given its approval and the …

Putin’s N-power hard sell: SMRs, new-gen large nuke reactors, serial production in India

A sizeable nuclear industry contingent is set to accompany Russian President Vladimir Putin during his upcoming India visit. Here’s what Russia is offering, and what India needs. Russian nuclear company Rosatom State Corporation is likely to make a strong pitch for deploying its small modular reactors (SMR) for targeted applications in India, alongside efforts to …

Kazakhstan moves to reclaim majority stakes in uranium projects

Amendments advance in parliament Amendments to Kazakhstan’s Subsoil and Subsoil Use Code, drafted by lawmakers, recently passed the Mazhilis (lower house) and await Senate review. The changes would require Kazatomprom, or a subsidiary, to receive a 90% stake upon any uranium contract renewal. «If a joint venture wishes to extend its contract, Kazatomprom or its affiliate …

Britain seeks new sites for large nuclear plants, energy minister says

 Britain is to identify suitable sites across the country for a potential large-scale nuclear plant, ​including in Scotland, the energy minister said on Thursday. Britain’s Labour ‌government has said nuclear plants will play an important role in helping the country meet ‌its climate targets, decarbonise its electricity sector and create jobs. “I’ve commissioned (Great British …

India’s nuclear power generation capacity to reach 21,880 MW by 2032: Govt

India’s nuclear capacity will expand sharply to 21,880 MW by 2032 as ongoing and planned PHWR projects come online, with BARC also developing next-generation Small Modular Reactors Three 700 MW Pressurised Heavy Water Reactor (PHWR) units — RAPS-8 (700 MW) at Rawatbhata in Rajasthan and GHAVP-1 & 2 (two units of 700 MW each) at …