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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).
- Source: NEI Magazine
- Date: Wednesday, 30 August 2023
- Original article: neimagazine.com/news/newssaudi-arabia-reportedly-considers-chinese-bid-for-npp-11105735
“We have a huge amount of uranium resource, which we would like to exploit and put in the most transparent way,” he was quoted as telling the International Mining Conference in Riyadh.
“We will bring partners and we will be exporting and manufacturing and developing it and we will be commercially monetising that resource.”
The minister said the world needed more flexibility because the transition to clean energy is complicated. “We should not forfeit energy security for the sake of a publicity stunt”, he said. “The transition needs to be a well-thought of transition.”
Press reports have said Saudi Arabia, the world’s top il exporter, could produce over 90,000 tonnes of uranium from three major deposits in the country, enough to provide fuel for nuclear plants the country seeks to build and to export uranium.
- Source: Nucnet
- Date: Saturday, 15 January 2022
- Original article: nucnet.org/news/kingdom-aims-to-take-advantage-of-uranium-resources-as-it-looks-to-nuclear-energy-1-5-2022
Investors in the latest funding round include Microsoft co-founder Bill Gates and George Soros via his Soros Fund Management, the Wall Street Journal reported.
Other investors in the company’s most recent funding round include Google, Silicon Valley venture-capital firm DFJ Growth and Salesforce chief executive officer Marc Benioff’s TIME Ventures.
CFS has raised more than $2bn in funding since it was founded in 2018.
- Source: Nucnet
- Date: Saturday, 04 December 2021
- Original article: nucnet.org/news/mit-spinoff-raises-usd1-8-billion-from-largest-ever-private-investment-in-industry-12-5-2021
The US newspaper reported that the processing facility, which has not been publicly disclosed, is in Saudi Arabia’s northwest region and is raising concerns from US officials. It said the main concern is that as the kingdom moves ahead with developing a commercial nuclear programme, it is keeping the door open for the creation of nuclear weapons.
Press reports said the Saudi energy ministry has “categorically denied” that it has built a uranium ore facility in the area described by the western officials. However, the reports quoted Saudi officials as saying that the extraction of uranium is a key component of the kingdom's economic diversification strategy, which looks to move away from its dependence on oil exports.
The energy ministry confirmed Saudi Arabia has a contract with China on uranium exploration in certain areas.
- Source: Nucnet
- Date: Thursday, 06 August 2020
- Original article: nucnet.org/news/saudi-arabia-press-report-claims-kingdom-has-built-uranium-processing-facility-8-3-2020
The project to build two Westinghouse AP1000 reactors at the US Summer NPP is over 64% complete, Scana subsidiary South Carolina Electricity & Gas (SCG&E) said in a progress report to the state’s Public Service Commission (PSC) on 8 May. The estimated completion dates for the two Generation III units remain unchanged, but will be re-evaluated in light of Westinghouse's bankruptcy filing in March.
- Source: NEI Magazine
- Date: Wednesday, 10 May 2017
- Original article: neimagazine.com/news/newsfuture-of-us-ap1000s-still-unclear-5809667
The US is buying 32t of Iranian heavy water to help Iran meet the terms of last July's landmark nuclear deal under which Iran agreed to curb its nuclear programme in exchange for sanctions relief. The agreement was signed on 22 April in Vienna between Iran and officials from the six countries that negotiated the nuclear deal - E3/EU+3 (China, France, Germany, Russia, the UK and the USA plus the European Union). It calls for the US Department of Energy's (DOE's) Isotope Program to purchase the heavy water from a subsidiary of the Atomic Energy Organization of Iran (AEOI) for about $8.6m, officials said. They said the heavy water will be stored at the Oak Ridge National Laboratory (ORNL) in Tennessee and then resold on the commercial market for research purposes.
- Source: NEI Magazine
- Date: Tuesday, 26 April 2016
- Original article: neimagazine.com/news/newsiran-enters-the-global-market-for-nuclear-materials-4874899
Media reports suggest that Romania's EUR 6 billion project to build two new 700 MWe CANDU reactors is likely to source financial investment from Chinese state sources.
- Source: NEI Magazine
- Date: Tuesday, 24 June 2014
- Original article: neimagazine.com/news/newscernavoda-34-new-build-project-closer-to-sourcing-chinese-loans-4300881
Taiwan's government said it will suspend construction of Lungmen 1&2 until a referendum on nuclear energy takes place, reports the Wall Street Journal.
- Source: NEI Magazine
- Date: Monday, 28 April 2014
- Original article: neimagazine.com/news/newsno-fixed-lungmen-start-up-timetable-says-taiwanese-government-4253868
The future of nuclear power in France remains uncertain under its forthcoming president François Hollande, who gained 52% of the vote in elections on 6 May 2012– a sufficient majority to unseat the incumbent president Nicolas Sarkozy.
- Source: NEI Magazine
- Date: Wednesday, 09 May 2012
- Original article: neimagazine.com/news/newsthe-new-french-president-and-nuclear-power
A recent study conducted by the Wall Street Journal suggested that the public is growing wary of government intervention in business affairs. Backstopping or subsidizing "risky" businesses has developed a negative connotation as taxpayers have become increasingly concerned about the manner in which their tax dollars are used. Consequently, the loan guarantees created by Title XVII of the Energy Policy Act of 2005 are sure to encounter skepticism.
- Source: NEI Magazine
- Date: Tuesday, 01 September 2009
- Original article: neimagazine.com/news/newsloan-guarantees-investments-not-subsidies