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Iran will retaliate against any country that carries out cyber attacks on its nuclear sites, the head of civilian defence said on 3 July, after a fire at its Natanz enrichment facility.

Date: Tuesday, 07 July 2020
Original article: neimagazine.com/news/newsincident-damages-building-at-irans-natanz-enrichment-facility-8011793

Policy uncertainty is ‘preventing industry from making investment decisions’ Policy uncertainty in a number of countries is preventing the nuclear industry from making investment decisions and “forthright recognition” by governments of the value of nuclear energy would encourage policymakers to explicitly include nuclear in their long-term energy plans and commitments under the Paris Agreement, the International Energy Agency has said.

The Paris-based agency said in a report on meeting climate goals that nuclear policy uncertainty is partly the result of inconsistencies between stated policy goals – such as climate change mitigation – and policy actions.

While some countries maintain they can meet decarbonisation objectives while phasing out nuclear (Belgium, Germany, Spain, Switzerland) or reducing its share (France), others continue to recognise the need to increase nuclear reliance: China, Russia, India, Argentina, Brazil, Bulgaria, the Czech Republic, Egypt, Finland, Hungary, Poland, Saudi Arabia, the United Arab Emirates, the UK and Uzbekistan.

In late 2018, the EU long-term energy strategy clearly stated that nuclear power – together with renewables – will form the backbone of the EU power system in order to reach carbon neutrality by 2050, the IEA said. At the same time, ongoing EU taxonomy discussions regarding the eligibility of nuclear power generation for sustainability funding highlight the difficulties in recognising the contribution that nuclear energy makes to climate change mitigation.

Date: Friday, 12 June 2020
Original article: nucnet.org/news/agency-calls-for-forthright-recognition-of-nuclear-energy-6-4-2020

Slovakia’s nuclear and decommissioning company Jadrová a vyraovacia spolocnos (JAVYS) announced on 2 June that it had completed “one of the most complex operations of the Jaslovské Bohunice V1 decommissioning project”.

Date: Friday, 05 June 2020
Original article: neimagazine.com/news/newsdecommissioning-milestone-at-slovakias-bohunice-vi-7955839

The European Union plus France, Germany and the UK have said they "deeply regret" the USA's decision to end three sanction waivers covering Joint Comprehensive Plan of Action (JCPOA) projects in Iran. Separately, a spokesperson for China's Foreign Ministry said the US decision "hampers" international non-proliferation progress.

Date: Tuesday, 02 June 2020
Original article: world-nuclear-news.org/Articles/EU-and-others-regret-US-decision-on-Iran-sanctions

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 head of the Atomic Energy Organisation of Iran (AEOI), Ali Akbar Salehi, said on 8 April in a message marking National Nuclear Technology Day that Iran’s nuclear activities were continuing despite the novel coronavirus outbreak and continuing US sanctions.

Date: Wednesday, 15 April 2020
Original article: neimagazine.com/news/newsiran-pushes-ahead-with-nuclear-development-despite-pandemic-restrictions-7871976

New-build projects are making progress, but governments are still struggling with finding the right financing package for large reactors The delayed Flamanville-3 is one of three EPR units under construction in Europe. The others are at Olkiluoto in Finland and Hinkley Point in the UK. Photo courtesy EDF. Western Europe

The UK is facing a major challenge to replace its aging fleet of Generation I nuclear power plants, many of which are scheduled to shut down in 2023.

The project by French state utility EDF to build two Generation III EPR units at Hinkley Point C in Somerset is on track for connection to the grid by 2025. Once in commercial operation the two units will provide up to 7% of the total electricity demand. Two similar units are planned for the Sizewell site in Suffolk.

However, press reports have suggested EDF is in “a race against time” to secure a funding deal for Sizewell C as delays risk making the project prohibitively expensive.

According to The Times newspaper EDF has hired Rothschild as financial adviser for the project and says it wants a “definitive way forward” from the government this year so it can start construction in 2022.

Date: Friday, 17 January 2020
Original article: nucnet.org/news/what-lies-in-store-in-2020-1-4-2020

The foreign ministers of France, Germany and the UK have triggered a dispute resolution mechanism over the nuclear deal with Iran - the Joint Comprehensive Plan of Action (JCPOA) - following the Middle Eastern country's further step away from its commitments. Josep Borrell, EU foreign affairs chief and coordinator of the JCPOA joint commission, said he had received today a letter from the three ministers for resolution through the mechanism, as set out in paragraph 36 of the agreement.

Date: Wednesday, 15 January 2020
Original article: world-nuclear-news.org/Articles/European-leaders-trigger-dispute-mechanism-of-Iran

Iran said yesterday it will ignore the limit on the number of uranium enrichment centrifuges agreed under the Joint Comprehensive Plan of Action (JCPOA), thus withdrawing from the last operational restriction imposed by the 2015 deal. The statement, reported by the Mehr news agency, followed the US assassination of Iranian General Qasem Soleimani last week.

Date: Tuesday, 14 January 2020
Original article: world-nuclear-news.org/Articles/Iran-scraps-limit-on-uranium-enrichment