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Cameco has announced that its joint acquisition of Westinghouse Electric Company with Brookfield Asset Management, alongside its publicly listed affiliate Brookfield Renewable Partners and institutional partners, has now received all required regulatory approvals. The UK Competition and Markets Authority (CMA) has cleared the Cameco Corp and Brookfield Renewable Partners' $7.875bn deal to acquire Westinghouse Electric. CMA, which began considering the deal in August, said it will not refer the merger for further investigation.

Date: Thursday, 09 November 2023
Original article: neimagazine.com/news/newscameco-and-brookfield-receive-regulatory-approval-to-acquire-westinghouse-11282477

Hungary intends to receive control equipment from France or Russia for its Paks-II NPP project if Germany refuses to honour its commitments in this regard. The equipment was to be supplied by a consortium including France’s Framatome and Germany’s Siemens Energy. However, Siemens is still waiting for a licence from the German authorities to participate in the project.

Date: Saturday, 04 March 2023
Original article: neimagazine.com/news/newsfrance-or-russia-to-provide-equipment-to-paks-ii-if-germany-refuses-10648100

Hungary will veto any EU sanctions imposed on Russian nuclear energy organisations and enterprises, Hungarian Prime Minister Viktor Orban told the morning programme one Kossuth radio.

Date: Wednesday, 01 February 2023
Original article: neimagazine.com/news/newshungary-will-veto-any-eu-sanctions-against-russias-nuclear-sector-10558203

Hungary’s Minister of Foreign Affairs and Foreign Economic Relations, Peter Szijjarto, has said that he expects the Franco-German consortium Framatome SAS - Siemens AG to provide equipment for the Paks II NPP project in accordance with agreements. Paks II, comprising two VVER-1200 reactors, is being built by Rosatom. "The control technology for the new nuclear power plant will be supplied by a German-French consortium, in which Germany's Siemens plays a leading role. It will supply the most important control equipment," Szijjártó told journalists.

Date: Saturday, 15 October 2022
Original article: neimagazine.com/news/newshungary-expects-france-and-germany-to-supply-ic-equipment-for-paks-ii-10086599

Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners (the consortium), are forming a strategic partnership to acquire Westinghouse Electric Company. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%.

Date: Friday, 14 October 2022
Original article: neimagazine.com/news/newscameco-and-brookfield-renewable-to-acquire-westinghouse-10084610

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

Five companies have been shortlisted for negotiations on the 2,000 MWe Belene Nuclear Power Plant project, Bulgarian Energy Minister Temenuzhka Petkova told Parliament’s Energy Committee on 19 December. The shortlisted candidates are: China National Nuclear Corporation (CNNC), Korea Hydro & Nuclear Power (KHNP), Russia's Atomenergoprom, a subsidiary state nuclear corporation Rosatom, France's Framatome and US-based General Electric (GE), the energy ministry said in a statement. Invitations for submitting binding offers will be sent to the shortlisted candidates by the end of January 2020.

Date: Wednesday, 25 December 2019
Original article: neimagazine.com/news/newsfive-companies-shortlisted-for-belene-npp-7569814