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World leaders gathered in Brussels at the first ever Nuclear Energy Summit co-chaired by the Prime Minister of Belgium Alexander De Croo and the Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi. The Summit was the highest-level meeting to date exclusively focused on the topic of nuclear energy. It followed inclusion of nuclear energy in the Global Stocktake agreed at the UN Climate Change Conference (COP28) in Dubai in December 2023 and the launch of the IAEA’s Atoms4NetZero initiative.

Date: Wednesday, 27 March 2024
Original article: neimagazine.com/news/newsnuclear-energy-summit-attracts-world-leaders-11632691

Hyundai Engineering CEO Hong Hyun-seong and the Korea Atomic Energy Research Institute (KAERI) President Joo Han-gyu have signed a memorandum of understanding (MOU) to jointly promote the commercialisation and export of KAERI’s SMART small modular reactor (SMR). Hyundai Engineering will be responsible for business development, financing and EPC (engineering, procurement & construction) for verification and commercialisation of SMART and KAERI will continue to support reactor design and licensing.

Date: Thursday, 14 December 2023
Original article: neimagazine.com/news/newskaeri-and-hyundai-engineering-to-promote-export-of-smart-smr-11369646

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).

Date: Wednesday, 30 August 2023
Original article: neimagazine.com/news/newssaudi-arabia-reportedly-considers-chinese-bid-for-npp-11105735

Iran has resolved two outstanding inquiries from the International Atomic Energy Agency (IAEA) related to the presence of highly enriched uranium (HEU) particles at several sites. The confidential quarterly report by the IAEA, which is routinely leaked to the press, said inspectors no longer had questions on uranium particles found to be enriched to 83.7% at its underground Fordow facility. This had resulted in tension for the past several months although some resolution was achieved in March following a visit to Tehran by IAEA Director General Rafael Mariano Grossi. Iran had insisted at that time that those particles were a by-product of its current enrichment as particles can reach higher enrichment levels in fluctuations. “The agency informed Iran that, following its evaluation of the data, the agency had assessed that the information provided was not inconsistent with Iran’s explanation ... and that the agency had no further questions on this matter at this stage,” the report said.

Date: Wednesday, 07 June 2023
Original article: neimagazine.com/news/newsiaea-resolves-some-outstanding-issues-with-iran-10918237

The US government has rejected Korea Hydro & Nuclear Power’s (KHNP’s) report on the tender for a nuclear power plant project in the Czech Republic. This has increased concerns that Korea’s plans to boost its nuclear reactor exports may continue to be stalled by ongoing litigation with Westinghouse Electric Company.

Date: Wednesday, 12 April 2023
Original article: neimagazine.com/news/newsus-stalls-south-koreas-npp-export-plans-10747925

Both countries bullish on role of reactors in drive to net zero Grant Shapps and Lee Chang-yang signed the agreement in Seoul. Courtesy South Korea ministry of trade, industry and energy. South Korea and the UK signed an agreement on Monday (10 April) to increase nuclear energy cooperation, including the possibility of South Korean businesses participating in the construction of new plants in the UK.

According to the South Korea’s ministry of trade, industry and energy, minister Lee Chang-yang and his counterpart Grant Shapps, the UK’s secretary of state for energy security and net zero, discussed during a meeting in Seoul various ways for cooperation in the nuclear power sector, including nuclear power plant design and construction, equipment manufacturing, nuclear power plant decommissioning, nuclear fuels, and small modular reactors.

“Korea has competitiveness in design, construction and equipment manufacturing of nuclear power plants while the U.K. has strengths in the decommissioning of nuclear plants and nuclear fuels,” Lee said. “The two countries can cooperate in a mutually beneficial way.”

Seoul said South Korea and the UK will also expedite talks on Korea Electric Power Corporation’s (Kepco) potential participation in new nuclear power plant construction in the UK.

Date: Tuesday, 11 April 2023
Original article: nucnet.org/news/agreement-could-lead-to-participation-in-uk-nuclear-projects-4-1-2023

Saudi Arabian Energy Minister Prince Abdulaziz Bin Salman says Saudi Arabia plans to use domestically-sourced uranium to develop its nuclear power industry. “We have large quantities of uranium, and we will exploit them commercially in the best way... We will deal with uranium reserves with full transparency, and we will search for the appropriate partners,” he noted.

Date: Friday, 20 January 2023
Original article: neimagazine.com/news/newssaudi-arabia-to-use-domestic-uranium-for-nuclear-development-10529986

Korea Hydro & Nuclear Power (KHNP) and parent company Korea Electric Power Corp (Kepco) are reportedly in discussion with US-based Westinghouse Electric Company on possibly sharing profits from South Korean nuclear reactor exports following a legal dispute which arose when the two were competing for a new build contract in Poland.

Date: Friday, 13 January 2023
Original article: neimagazine.com/news/newssouth-korea-seeks-to-end-dispute-with-westinghouse-10511335

Even oil-rich companies of Middle East are eying reactors, as more nations announce plans for SMRs Russian troops occupied the Zaporizhzhia nuclear station, which was damaged by shelling. File photo courtesy IAEA. 2022 was a year of mega milestones for nuclear energy.

Countries around the world turned to nuclear as a reliable low-carbon energy source as they looked for ways to wean themselves off Russian imports and lower carbon emissions.

New plants began operating, deals for small modular reactors were signed and countries announced ambitious plans for new-build.

On the political front, US president Joe Biden signed into law new legislation that will help to finance struggling nuclear reactors and could save dozens from being shut down early. In Europe, the nuclear industry celebrated when members of the European parliament decided to “follow the science” and support legislation which includes nuclear in the bloc’s sustainable finance taxonomy for green investment.

Date: Tuesday, 10 January 2023
Original article: nucnet.org/news/five-major-developments-that-are-setting-the-stage-for-2023-and-beyond-1-1-2023