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Government appears to favour ‘Boot’ model alread used by Russia Koeberg, near Cape Town, is the only commercial nuclear power station in South Africa. The Nuclear Industry Association of South Africa (Niasa) has proposed six possible funding options for new nuclear, but government officials have suggested the most likely is a “build, own, operate and transfer” (Boot) model similar to that used by Russia for project including Akkuyu in Turkey.

Niasa told Engineering News that the very high proportion of the cost of energy that comes from the repayment of capital means interest rates will be fundamental to the viability of any new nuclear project in South Africa.

The association said real interest rates – which are adjusted for inflation – on state debt could be in the range of 2% to 3%, while real interest rates on high risk equity finance could vary from 10% to 15%. It said this explains why some new nuclear projects such as state-supported projects in China could be very competitive while others, such as the private equity funded Hinkley Point C in the UK, needed some kind of state guarantee such as long-term power purchase agreements.

Niasa identified six financing options that could be used to fund a new nuclear programme. The first was state funding for the entire project or state provided sovereign loan guarantees using reserves and cash flows from state-owned companies, as was the case with the United Arab Emirates’ Barakah project.

Date: Wednesday, 20 May 2020
Original article: nucnet.org/news/industry-association-proposes-financing-options-for-new-build-5-2-2020

Aim is to build fleet of up to 16 440-MW reactors A mockup of the proposed 440-MW SMR plant. Photo courtesy Rolls-Royce. UK-based nuclear engineering company Assystem has announced it will become part of a UK consortium established to design and build compact nuclear power stations.

The consortium is comprised of Assystem, Atkins, BAM Nuttall, Laing O’Rourke, National Nuclear Laboratory, Nuclear AMRC, Rolls-Royce, Jacobs and TWI.

It is working to design a first-of-a-kind small modular reactor that will be at the heart of the UK’s planned low-carbon economy.

The consortium is matching the £18m investment confirmed by the UK government organisation, UK Research and Innovation (UKRI). The first power station is targeted to be built and connected to the national electricity grid by 2029, with the support of legislation to enable the programme.

Date: Thursday, 09 April 2020
Original article: nucnet.org/news/assystem-joins-rolls-royce-smr-consortium-4-3-2020

UK-based Rolls-Royce and Turkey’s EUAS International Incorporated Cell Company (EUAS ICC) have signed a memorandum of understanding (MOU) to carry out a study to evaluate the technical, economical and legal applicability; and also the possibility of joint production of small modular reactors (SMRs) to underpin clean economic growth.

Date: Tuesday, 24 March 2020
Original article: neimagazine.com/news/newsrolls-royce-and-euas-icc-to-evaluate-smrs-for-use-in-turkey-7833984

Turkey's state-owned EUAS International ICC has signed a Memorandum of Understanding (MoU) with the UK's Rolls-Royce to evaluate the technical, economical and legal applicability of small modular reactors (SMRs). In addition, they will consider the possibility of joint production of such reactors.

Date: Saturday, 21 March 2020
Original article: world-nuclear-news.org/Articles/Turkish-utility-to-cooperate-with-Rolls-Royce-in-S

The main challenges facing the nuclear industry are not in the production and delivery of electricity, but in securing the policy support required for it to expand its contribution of sustainable and low-carbon energy. This was the message of Philippe Costes, senior advisor at World Nuclear Assocation, to delegates at the Nuclear Power Plants Expo & Summit in Istanbul this week.

Date: Friday, 06 March 2020
Original article: world-nuclear-news.org/Articles/Speech-Policy-support-for-nuclear-in-the-global-en

The United Nations, the International Energy Agency (IEA) and the World Energy Council (WEC) are drawing global attention to the inherent qualities of nuclear power as a clean and reliable source of electricity. Now into its seventh decade, nuclear energy is seen by these and other prominent organisations as an existing and proven solution to the 21st Century challenges of climate change and a sustainable energy transition.

Date: Friday, 06 September 2019
Original article: world-nuclear-news.org/Articles/Nuclear-power-is-the-silent-giant-being-invited-fi

The US administration on 2 November announced the reimposition of all US sanctions on Iran that had been lifted under the July 2015 Joint Comprehensive Plan of Action (JCPOA). This is the second raft of penalties reimposed since President Donald Trump withdrew from JCPOA in May, and they cover Iran's shipping, financial and energy sectors. The sanctions that come into force on 5 November penalise countries that do not stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities, including the central bank, a number of private financial institutions and state-run port and shipping companies. Eight countries, identified by officials as US allies, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period. Pompeo did not identify the countries to be granted the waivers. But according to numerous reports, these include India, South Korea, Turkey, Japan and Italy.

Date: Monday, 05 November 2018
Original article: neimagazine.com/news/newsusa-ramps-up-sanctions-on-iran-6835977

The future of nuclear energy depends on the industry’s readiness to address the seven factors influencing its prospects, the deputy director general of the International Atomic Energy Agency (IAEA) told delegates at the World Nuclear Association Symposium 2018 held in London last week.

Date: Friday, 14 September 2018
Original article: world-nuclear-news.org/Articles/Nuclear-industry-faces-wake-up-call,-says-IAEAs-Ch

China's two biggest state-owned nuclear power operators on 17 March a joint venture (JV), Hualong International Nuclear Power Technology Co, to export their Generation III Hualong One nuclear power reactor. The JV, based in Beijing is an equal joint venture between China General Nuclear Power Corp (CGN) and China National Nuclear Corp (CNNC). The company chairman is CGN's Zou Yongping and the general manager is CNNC's Xu Pengfei.

Date: Friday, 18 March 2016
Original article: neimagazine.com/news/newschina-prepares-for-nuclear-exports-4843154