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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.

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

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.

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

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%.

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

First EPR2 plant could be online by 2035 and existing plants could have lifetimes extended Mr Macron made the announcement about new nuclear reactors during a speech on energy policy at Belfort. France’s president Emmanuel Macron has announced plans to relaunch the country’s commercial nuclear programme with the construction of at least six new nuclear power reactors – and the possibility of eight more for a total of 14 – if he is reelected in elections in two months.

Mr Macron said the new plants would be built and operated by state-controlled energy company EDF and that tens of billions of euros in public financing would be mobilised to finance the projects and safeguard EDF’s finances.

“What our country needs, and the conditions are there, is the rebirth of France’s nuclear industry,” Mr Macron said, unveiling his new nuclear strategy in the eastern industrial town of Belfort.

He also announced he wanted to extend the lifespan of older nuclear plants to 50 years or more from 40 years currently, provided it was safe.

Source: Nucnet
Date: Friday, 11 February 2022
Original article: nucnet.org/news/macron-announces-ambitious-plans-for-up-to-14-new-nuclear-reactors-2-4-2022

In a wide-ranging interview with EnergoBusiness magazine on 10 January, to mark 25 years since the establishment of Ukrainian nuclear utility Energoatom, the director of Energoatom, Petr Kotin, said that this winter Ukraine will have all 15 of its nuclear units in operation for the first time since the 1980s.

Source: NEI Magazine
Date: Thursday, 20 January 2022
Original article: neimagazine.com/news/newsenergoatoms-kotin-shares-his-vision-for-ukraines-nuclear-future-9414515

Bulgaria is to start talks with the United States on nuclear technology, but construction of Russian-designed reactors at the Belene nuclear power plant is still expected to go ahead.

Source: NEI Magazine
Date: Friday, 16 October 2020
Original article: neimagazine.com/news/newsbulgaria-to-start-talks-with-us-on-nuclear-technology-8182192

Brussels' wish for ​​a relatively rapid decommissioning of the coal-fired power plants of European Union Member States has the potential to create huge imbalances in Bulgaria's electricity system, writes Borislav Boev, a PhD student at D A Tsenov Academy of Economics.

Source: World Nuclear News
Date: Wednesday, 30 September 2020
Original article: world-nuclear-news.org/Articles/Viewpoint-Nuclear-power-and-the-energy-transition

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.

Source: Nucnet
Date: Friday, 17 January 2020
Original article: nucnet.org/news/what-lies-in-store-in-2020-1-4-2020