Nuclear costs must fall to be competitive, says NEA’s Magwood

If countries are serious about combatting climate change, then they will reform their electricity markets, William Magwood, director general of the OECD Nuclear Energy Agency (NEA), told delegates at the World Nuclear Association Symposium 2018 held in London last week. Magwood highlighted one of the three objectives of the Harmony initiative – a level playing …

Japan’s Kyushu Electric may restrict renewable energy supplies after nuclear ramp-up

Kyushu Electric Power Co may start restricting third-party supplies of solar energy after it restarts a fourth nuclear reactor, the company said on Wednesday, underscoring the risks to a government push to boost renewable energy. Japan’s fifth-biggest utility by sales plans to restart the No. 2 reactor at its Sendai station later on Wednesday, giving …

Japanese nuclear power companies in talks over alliance

Four of Japan’s biggest nuclear operators and plant builders have started talks on a potential partnership in atomic energy, as the sector struggles to reboot in the wake of the Fukushima disaster seven years ago, a source said on Wednesday. Tokyo Electric Power Company Holdings Inc (Tepco) (9501.T), Hitachi Ltd (6501.T), Toshiba (6502.T) and Chubu …

Initial public ordering of Kazakhtelecom, Air Astana and Kazatomprom will be done by year end

CEO Samruk-Kazyna welfare fund Akhmetzjan Yesimov briefed the President of Kazakhstan Nursultan Nazarbayev on the results the fund’s activities in the first 7 months of the current year and plans for the forthcoming period. The main indicators for the first half of the year are positive. 18 assets worth KZT 42 billion ($117 million) were …

Rosatom seeks to boost cooperation in Eurasia

Rusatom International Network – a subsidiary of Russian state nuclear corporation Rosatom – has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB). The memorandum provides for establishing common principles of bilateral cooperation with Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries. The agreement was signed on 10 August by Alexander …

Deputy Secretary Brouillette Hosts Fifth Meeting of the U.S.-Japan Bilateral Commission on Civil Nuclear Cooperation

The fifth meeting of the U.S.-Japan Bilateral Commission on Civil Nuclear Cooperation (the Bilateral Commission) was held in Tokyo on August 8, 2018. Deputy Secretary of Energy Dan Brouillette and Senior Deputy Minister for Foreign Affairs Takeo Mori led the discussions as co-chairs. The delegations included participants representing a wide range of governmental agencies. Participants from …