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Turkey is in talks with Russia, China and South Korea over its planned second and third nuclear power plants, and with the USA and United Kingdom over small modular reactors (SMRs), Energy Minister Alparslan Bayraktar is reported to have told a media briefing.

Date: Tuesday, 11 July 2023
Original article: world-nuclear-news.org/Articles/Turkey-aiming-for-20GW-of-nuclear-by-2050s

The European Nuclear Safety Regulators Group (ENSREG) has said that "Energoatom is the only legitimate licensee of the Zaporizhzhia nuclear power plant (ZNPP) and that the plant has to be operated as per licence conditions and in accordance with Ukrainian and international legal and regulatory requirements, under the supervision of the State Nuclear Regulatory Inspectorate of Ukraine (SNRIU)."

Date: Friday, 02 December 2022
Original article: neimagazine.com/news/newseurope-backs-ukrainian-claims-to-znpp-as-russia-strengthens-control-of-the-plant-10399896

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

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