CEZ Group’s Dukovany Power Plant II has received final bids for the construction of a new nuclear power plant in Dukovany from three bidders

CEZ Group’s Elektrárna Dukovany II (EDU II), a wholly owned subsidiary of ČEZ, has received final bids for the construction of a new nuclear power plant in Dukovany from three bidders. The suppliers submitted a binding bid for Dukovany Unit 5 and non-binding bids for the other three units. US-Canadian Westinghouse, French EdF and Korean KHNP had until …

Hedge Funds Pile Into Uranium Stocks Set for ‘Dramatic’ Rise

Several hedge fund managers have started ratcheting up their exposure to uranium stocks, as they bet on significant price gains. Terra Capital’s Matthew Langsford, Segra Capital’s Arthur Hyde, Argonaut Capital Partners’ Barry Norris and Anaconda Invest’s Renaud Saleur are among managers building bets on uranium companies such as Cameco Corp., Energy Fuels Inc., Ur-Energy Inc. …

Repair work under way at Krško nuclear power plant

The Krško nuclear power plant was shut down in early October after the discovery of a leak in the primary circuit connection system pipeline. Operator Nuklearna elektrarna Krško (NEK) says that following further investigation and analysis, a decision has been taken replace the complete pipeline segment from the reactor vessel to the first valve. The …

White House backs HALEU enrichment with a request for $2.2 billion

Just a few hours after a new Speaker of the House of Representatives was elected on October 25, the White House sent a list of funding priorities for “critical domestic needs” to Congress for consideration as legislators restart the stalled annual appropriations process. Those priorities include $2.2 billion for low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) enrichment capabilities. And to ensure that investment in domestic HALEU enrichment pays off, the White House is also calling for a long-term ban on enriched uranium from Russia. If you build it, the money will come? The Department of Energy …

Bulgaria to begin work on two reactors at Kozloduy nuclear site

Bulgaria has taken the first steps towards the construction of two additional reactors at its Kozloduy nuclear power plant, which will add combined capacity of 2,300 megawatts (MW), Prime Minister Nikolay Denkov said on Wednesday. The energy ministry will begin selection of a contractor for the design, construction and commissioning of the seventh new power …

Here’s what’s in the White House’s $56 billion domestic spending request

The Biden administration unveiled on Wednesday a $56 billion domestic spending request that would funnel billions of dollars into disaster response, child care, national security, aid for lower-income Americans and other programs. The supplemental funding request comes a week after the White House asked Congress for $105 billion for a separate national security package that includes military …