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Electrochemical Plant (ECP), a subsidiary of Rosatom's nuclear fuel manufacturer TVEL, recorded a 14% increase in revenue from the sale of stable isotopes in 2020, exceeding RUB1.5 billion (USD20.1 million) for the first time. The Zelenogorsk, Krasnoyarsk-based company's global market share of the stable isotope market remains over 40%, TVEL said.

Date: Saturday, 27 February 2021
Original article: world-nuclear-news.org/Articles/Rosatom-revenue-from-stable-isotopes-rises-by-14

CEO says project to add two new units at the site will cost €7bn The Cernavodă nuclear power station in Romania has two Candu reactor units. The construction of two new units at the Cernavodă nuclear power station in Romania will cost €7b with an investment decision and mobilisation at the construction site estimated for 2024, Cosmin Ghita, chief executive officer of state nuclear company Nuclearelectrica, told a press conference.

“We expect the commissioning of Unit 3 to happen around 2030- 2031, which means that the actual construction works would start around 2024,” Mr Ghita said during an online seminar organised by local economic newspaper Ziarul Financiar.

He said the company is close to completing a feasibility study for the project and will submit it for approval to shareholders shortly.

In October 2020, Romania and the US signed a draft cooperation agreement for the construction of Cernavodă-3 and -4 and the refurbishment of Cernavodă-1.

Date: Friday, 26 February 2021
Original article: nucnet.org/news/nuclearelectrica-aiming-to-start-construction-of-new-cernavoda-unit-in-2024-2-4-2021

Laurentis Energy Partners, a subsidiary of Canada’s Ontario Power Generation. On 18 Fenruary announced a €3.156 million ($3.8m) contract award, through its subsidiary Canadian Nuclear Partners, to support refurbishment at Romania's Cernavoda NPP. The contract from Romanian utility Societatea Nationala Nuclearelectrica (SNN) calls on Laurentis to develop a conservation programme to protect the integrity of the Cernavoda 1 reactor while it is drained of water during refurbishment.

Date: Wednesday, 24 February 2021
Original article: neimagazine.com/news/newsopg-subsidiary-wins-contract-to-support-refurbishment-of-romanias-cernavoda-1-reactor-8542521

Tim Gitzel said the case had gone on ‘far too long’. Courtesy Cameco. Cameco expects to receive a refund of CAD5.5m ($4.3m) plus interest after the Supreme Court of Canada dismissed the Canada Revenue Agency’s application for leave to appeal a lower court decision that ruled in favour of Cameco in an ongoing tax dispute.

The dismissal means that a dispute regarding the 2003, 2005 and 2006 tax years is “fully and finally resolved in Cameco’s favour”, the company said.

Cameco also expects to receive CAD10.25m in legal fees and up to CAD17.9m in disbursements for costs awarded in previous rulings.

Cameco president and chief executive officer Tim Gitzel said the ruling was another win for the uranium mining company in a saga that “has gone on far too long.”

Date: Saturday, 20 February 2021
Original article: nucnet.org/news/tax-dispute-resolved-fully-and-finally-in-company-s-favour-2-5-2021

US-based NuScale Power announced on 17 February that it has signed a memorandum of understanding (MOU) with Bulgaria’s Kozloduy Nuclear Power Plant – New Build (KNPP-NB) to consider deploying NuScale’s innovative small modular reactor (SMR) technology at the Kozloduy NPP site. KNPP-NB is a public limited company established to commission new nuclear power capacity on the existing nuclear power site.

Date: Friday, 19 February 2021
Original article: neimagazine.com/news/newsnuscale-signs-mou-with-kozloduy-npp-8532038

Start-up nuclear energy company Fermi Energia on 16 February announced an initial investment round for a proposed reactor in Estonia, saying it will file a planning application later this year, ETV news show "Aktuaalne kaamera" (AK) reported. The new call for funding aims to complete a series of investments of €2.5 million ($3m) required to formally launch the planning project for deployment of a small modular reactor (SMR).

Date: Friday, 19 February 2021
Original article: neimagazine.com/news/newsestonias-fermi-energia-seeks-1m-to-launch-smr-planning-procedure-8532118

US company signs another deal in the region The Kozloduy nuclear power station in Bulgaria has two VVER-1000 PWRs in commercial operation. Image courtesy Kozloduy NPP. Oregon-based small modular reactor developer NuScale Power signed an agreement today with Bulgaria’s Kozloduy Nuclear Power Plant New Build to evaluate the potential for deployment of NuScale’s SMR design in the Balkan country.

NuScale said that under the agreement it will support Kozloduy in carrying out studies and analyses including the development of a timeline for a feasibility study, a project specific cost estimate, and engineering, planning, and licensing activities.

Kozloduy Nuclear Power Plant New Build is a state-owned entity responsible for the proposed construction of new nuclear capacity at the existing site of the Kozloduy nuclear power station on the Danube river in northwest Bulgaria.

Date: Thursday, 18 February 2021
Original article: nucnet.org/news/agreement-signed-with-kozloduy-to-evaluate-smr-deployment-in-bulgaria-2-3-2021

NuScale Power of the USA and Kozloduy Nuclear Power Plant - New Build Plc (KNPP-NB) have agreed to evaluate the suitability of NuScale's small modular reactor technology for deployment at the existing Kozloduy nuclear power plant site in Bulgaria. KNPP-NB is a public limited company established to commission new nuclear power capacity at the site.

Date: Thursday, 18 February 2021
Original article: world-nuclear-news.org/Articles/NuScale-SMR-to-be-evaluated-for-use-in-Bulgaria

Company looking to collect €2.5m on crowdfunding platform Funderbeam GE Hitachi BWRX-300 is one of several candidates Fermi Energia is evaluating for Estonia's first SMR NPP. Image courtesy Fermi Energia. Estonia-based energy startup Fermi Energia has announced a new call for funding in an effort to complete a €2.5m series needed to start the official planning project for the deployment of a small modular reactor in the Baltic country.

The company said in a statement that it needs to apply to the government to begin the “designated spatial planning process”. This pricess will analyse the building of a SMR from an environmental, societal, economic and national security perspective, and determine the potential locations for the power plant.

Fermi said it has financed all preparatory activities to date with total funding worth €560,000 from Estonian private investors and US venture capital fund Last Energy VC.

The company is now looking to collect another €1M public funding through the crowdfunding platform Funderbeam to form a part of a total €2.5m.

Date: Wednesday, 17 February 2021
Original article: nucnet.org/news/fermi-energia-announces-call-for-eur1m-funding-towards-official-start-of-smr-planning-project-2-2-2021

New Brunswick Premier Blaine Higgs has announced a further CAD20 million (USD16 million) of funding towards the next phase of small modular reactor (SMR) development in the province. The province is partnering with ARC Clean Energy Canada Inc, which is developing the ARC-100 advanced SMR.

Date: Friday, 12 February 2021
Original article: world-nuclear-news.org/Articles/New-Brunswick-announces-funds-for-SMR-development