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India and France have agreed to strengthen their defence and security partnership following Indian Prime Minister Narendra Modi's visit to France at the invitation of French President Emmanuel Macron. Following extensive discussions, a joint communique noted the strengthening of the strategic partnership between the two countries. Among other things, it “recognised that the promotion of clean and low-carbon energy, the preservation of biodiversity, the protection of the oceans and the fight against pollution were essential aspects of cooperation”.

Date: Thursday, 20 July 2023
Original article: neimagazine.com/news/newsindia-and-france-strengthen-defence-and-security-partnership-including-nuclear-11018226

Introducing a new report from France’s nuclear auditor, released last week, Pierre Moscovici, the head of France’s Court of Accounts said: “There is still uncertainty on the ability of the French nuclear industry, despite its current strong efforts, to build new nuclear reactors within a time frame and costs that remain acceptable.”

Date: Thursday, 16 July 2020
Original article: neimagazine.com/news/newsfrench-auditors-report-unsure-of-epr-plans-8027157

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

India and the USA have issued a joint statement agreeing to strengthen security and civil nuclear cooperation, including the construction of six US nuclear power units.

Date: Monday, 18 March 2019
Original article: neimagazine.com/news/newsusa-reaffirms-plans-for-construction-in-india-7050309

The land acquisition process for the 9900MWe nuclear plant planned for Jaitapur in Ratnagiri district of Maharashtra has been completed.

Date: Friday, 30 November 2018
Original article: neimagazine.com/news/newsland-acquisition-completed-for-indias-jaitapur-npp-6878163

The UK does not yet have new rules in place which will be needed to supply fuel for nuclear power plants after leaving the European Union (EU), according to Angela Hepworth, Electricite de France’s (EDF’s) EDF’s corporate policy and regulation director. There is very little time to replicate vital aspects of the European Atomic Energy Community treaty before Brexit in March 2019, she said on 19 February. “Having a hiatus isn’t an option. Having a time when the UK has no access to fuel isn’t an option.”

Date: Thursday, 22 February 2018
Original article: neimagazine.com/news/newsbrexit-plans-cause-fuel-concerns-6063340

Saudi Arabia is hoping to prequalify firms from two or three countries by April or May for the first nuclear reactors it wants to build, Abdul Malik al-Sabery, a consultant at the King Abdullah City for Atomic and Renewable Energy told reporters on the sidelines of World Future Energy Summit in Abu Dhabi.

Date: Thursday, 18 January 2018
Original article: neimagazine.com/news/newssaudi-arabia-to-prequalify-npp-bids-by-may-6029868

France’s finance ministry is studying several scenarios for restructuring Electricite de France (EDF), including spinning off its nuclear power generation activities into a stand-alone unit, Reuters reported on 23 November, quoting sources familiar with the situation.

Date: Monday, 27 November 2017
Original article: neimagazine.com/news/newsfrance-considering-edf-restructuring-5986784

A report by the UK House of Commons public accounts committee published on 22 November said the UK government should rethink the economic case for new nuclear power stations after making “grave strategic errors” in the Hinkley Point C project.

Date: Monday, 27 November 2017
Original article: neimagazine.com/news/newsuk-accounts-committee-criticises-hinkley-point-5986756

The US Nuclear Energy Institute recently hosted a senior Czech nuclear energy delegation for a meeting with a large group of US nuclear suppliers, NEI said on its website on 2 November. The Czech contingent was led by Lenka Kovacovská, deputy minister of industry and trade, and Ján Štuller, the ministry’s special nuclear envoy.

Date: Sunday, 05 November 2017
Original article: neimagazine.com/news/newsczech-nuclear-plans-spark-interest-5964440