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International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi, during a visit to Saudi Arabia, met with Minister of Energy Abdulaziz bin Salman Al Saud as well as the Saudi regulator and a wide range of other organisations. “The Kingdom has taken a very wise decision to add nuclear power to the options in this integrated energy mix,” Grossi said. “We have greatly intensified our cooperation in the past few years because of the faster pace with which Saudi Arabia is preparing itself for the introduction of nuclear power.”

Date: Wednesday, 20 December 2023
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Hyundai Engineering CEO Hong Hyun-seong and the Korea Atomic Energy Research Institute (KAERI) President Joo Han-gyu have signed a memorandum of understanding (MOU) to jointly promote the commercialisation and export of KAERI’s SMART small modular reactor (SMR). Hyundai Engineering will be responsible for business development, financing and EPC (engineering, procurement & construction) for verification and commercialisation of SMART and KAERI will continue to support reactor design and licensing.

Date: Thursday, 14 December 2023
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Saudi Arabia has announced it intends to move towards implementing full International Atomic Energy Agency (IAEA) nuclear safeguards as it works towards building its first nuclear power plant.

Date: Friday, 29 September 2023
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According to the Wall Street Journal (WSJ), Saudi Arabia is considering a Chinese proposal to build a NPP. Citing Saudi sources acquainted with the situation, WSJ said China National Nuclear Corp (SNNS) had submitted a bid to construct a nuclear plant in Saudi Arabia’s Eastern Province, close to the border with Qatar and the United Arab Emirates (UAE).

Date: Wednesday, 30 August 2023
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Iran has resolved two outstanding inquiries from the International Atomic Energy Agency (IAEA) related to the presence of highly enriched uranium (HEU) particles at several sites. The confidential quarterly report by the IAEA, which is routinely leaked to the press, said inspectors no longer had questions on uranium particles found to be enriched to 83.7% at its underground Fordow facility. This had resulted in tension for the past several months although some resolution was achieved in March following a visit to Tehran by IAEA Director General Rafael Mariano Grossi. Iran had insisted at that time that those particles were a by-product of its current enrichment as particles can reach higher enrichment levels in fluctuations. “The agency informed Iran that, following its evaluation of the data, the agency had assessed that the information provided was not inconsistent with Iran’s explanation ... and that the agency had no further questions on this matter at this stage,” the report said.

Date: Wednesday, 07 June 2023
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The US government has rejected Korea Hydro & Nuclear Power’s (KHNP’s) report on the tender for a nuclear power plant project in the Czech Republic. This has increased concerns that Korea’s plans to boost its nuclear reactor exports may continue to be stalled by ongoing litigation with Westinghouse Electric Company.

Date: Wednesday, 12 April 2023
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Both countries bullish on role of reactors in drive to net zero Grant Shapps and Lee Chang-yang signed the agreement in Seoul. Courtesy South Korea ministry of trade, industry and energy. South Korea and the UK signed an agreement on Monday (10 April) to increase nuclear energy cooperation, including the possibility of South Korean businesses participating in the construction of new plants in the UK.

According to the South Korea’s ministry of trade, industry and energy, minister Lee Chang-yang and his counterpart Grant Shapps, the UK’s secretary of state for energy security and net zero, discussed during a meeting in Seoul various ways for cooperation in the nuclear power sector, including nuclear power plant design and construction, equipment manufacturing, nuclear power plant decommissioning, nuclear fuels, and small modular reactors.

“Korea has competitiveness in design, construction and equipment manufacturing of nuclear power plants while the U.K. has strengths in the decommissioning of nuclear plants and nuclear fuels,” Lee said. “The two countries can cooperate in a mutually beneficial way.”

Seoul said South Korea and the UK will also expedite talks on Korea Electric Power Corporation’s (Kepco) potential participation in new nuclear power plant construction in the UK.

Date: Tuesday, 11 April 2023
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Saudi Arabian Energy Minister Prince Abdulaziz Bin Salman says Saudi Arabia plans to use domestically-sourced uranium to develop its nuclear power industry. “We have large quantities of uranium, and we will exploit them commercially in the best way... We will deal with uranium reserves with full transparency, and we will search for the appropriate partners,” he noted.

Date: Friday, 20 January 2023
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Researchers at Massachusetts Institute of Technology (MIT) and other institutions have developed a remote test that can produce key information about the condition of stainless-steel reactor components, minimising outage time. The findings are reported in the journal Acta Materiala in a paper by MIT professor of nuclear science and engineering Michael Short; Saleem Al Dajani (who did his master’s work at MIT on this project and is now a doctoral student at the King Abdullah University of Science and Technology in Saudi Arabia); and 13 others.

Date: Saturday, 14 January 2023
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Korea Hydro & Nuclear Power (KHNP) and parent company Korea Electric Power Corp (Kepco) are reportedly in discussion with US-based Westinghouse Electric Company on possibly sharing profits from South Korean nuclear reactor exports following a legal dispute which arose when the two were competing for a new build contract in Poland.

Date: Friday, 13 January 2023
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