Latest News

Filters

Filter by tags: Turkey South Africa Clear all tag filters

9 news articles found


Country becomes latest to turn to reactors for low-carbon energy security Vattenfall is majority owner of three operational reactors at Forsmark (pictured) and two at Ringhals. Sweden’s incoming government will ask state-run utility Vattenfall to plan and procure new nuclear power stations – potentially making the country one of an increasing number turning to commercial reactors as a source of low-carbon, baseload energy supply.

“New reactors will be built in Sweden,” said Ebba Busch, whose Christian Democrat party belongs to an alliance that won the most seats in last month’s general election. The right-wing bloc is scheduled to become the Nordic nation’s next government in a parliamentary vote next week.

Sweden now joins other countries in Europe that are turning to nuclear power in response to record high energy prices and fears over the security of key infrastructure.

Swedes have debated nuclear power for decades, but the energy source has garnered popular support recently amid the ongoing power crunch.

Date: Saturday, 15 October 2022
Original article: nucnet.org/news/new-government-announces-plans-to-build-nuclear-power-plants-10-5-2022

The World Nuclear Association (WNA) on 8 September launched the 2021 edition of The Nuclear Fuel Report, concluding that the positive trend in nuclear generating capacity projections that began in the previous (2019) report continues.

Date: Friday, 10 September 2021
Original article: neimagazine.com/news/newswna-nuclear-fuel-report-urges-uranium-development-9067794

The International Atomic Energy Agency (IAEA) has released its latest projections for energy, electricity and nuclear power trends through 2050. Compared with the previous year, the 2020 projections are largely unchanged. Under the high case scenario, IAEA analysts expect an increase of global nuclear electrical generating capacity by 82% to 715 GWe. Under the low case scenario, it will fall by 7% to 392 GWe.

Date: Friday, 18 September 2020
Original article: world-nuclear-news.org/Articles/IAEA-forecasts-doubling-of-nuclear-capacity-by-205

Government appears to favour ‘Boot’ model alread used by Russia Koeberg, near Cape Town, is the only commercial nuclear power station in South Africa. The Nuclear Industry Association of South Africa (Niasa) has proposed six possible funding options for new nuclear, but government officials have suggested the most likely is a “build, own, operate and transfer” (Boot) model similar to that used by Russia for project including Akkuyu in Turkey.

Niasa told Engineering News that the very high proportion of the cost of energy that comes from the repayment of capital means interest rates will be fundamental to the viability of any new nuclear project in South Africa.

The association said real interest rates – which are adjusted for inflation – on state debt could be in the range of 2% to 3%, while real interest rates on high risk equity finance could vary from 10% to 15%. It said this explains why some new nuclear projects such as state-supported projects in China could be very competitive while others, such as the private equity funded Hinkley Point C in the UK, needed some kind of state guarantee such as long-term power purchase agreements.

Niasa identified six financing options that could be used to fund a new nuclear programme. The first was state funding for the entire project or state provided sovereign loan guarantees using reserves and cash flows from state-owned companies, as was the case with the United Arab Emirates’ Barakah project.

Date: Wednesday, 20 May 2020
Original article: nucnet.org/news/industry-association-proposes-financing-options-for-new-build-5-2-2020

A policy and market environment that unlocks the mitigation potential of nuclear power will enable countries to adopt more ambitious targets in their Nationally Determined Contributions (NDCs) under the Paris Agreement, a paper prepared by Hal Turton, an energy economist in the Department of Nuclear Energy at the International Atomic Energy Agency shows. The paper, Nuclear Power and Climate Change: Scenario Perspectives to 2050, was presented last week at the Vienna-based agency's first international conference on climate change and the role of nuclear power.

Date: Thursday, 17 October 2019
Original article: world-nuclear-news.org/Articles/The-untapped-potential-of-nuclear-under-the-Paris

GE Steam Power expects "stable demand" for nuclear power generation over the next 10 years as "the only powerful source of electricity without carbon dioxide emissions", its CEO, Michael Keroullé, said in an interview this week with Strana Rosatom, the newspaper of the Russian state nuclear corporation.

Date: Thursday, 01 August 2019
Original article: world-nuclear-news.org/Articles/Partnerships-key-to-nuclear-growth-says-GE-Steam

A group of 28 Vietnamese students on 13 February became the first international graduates of a course on nuclear technology at Russia's National Research Nuclear University MEPhI (NRU-MEPhi). The six-year course is part of a programme supported by Russian state nuclear corporation Rosatom. The number of foreign students enrolled at NRU-MEPhI has increased significantly, with half of them coming from countries where Rosatom is building NPPs, such as Finland, South Africa, Turkey and Vietnam.

Date: Wednesday, 01 March 2017
Original article: neimagazine.com/news/newsproblems-for-vietnamese-nuclear-students-5752121

A group of 28 Vietnamese students have become the first international graduates of a course on nuclear technology at Russia's National Research Nuclear University MEPhI. The six-year course is part of a program supported by Russian state nuclear corporation Rosatom.

Date: Thursday, 23 February 2017
Original article: world-nuclear-news.org/Articles/Vietnamese-students-complete-Russian-training


Russian state nuclear corporation Rosatom in 2016 will contribute RUB24.6m ($300,000) from its state budget allocation to the International Atomic Energy Agency's (IAEA's) International Project on Innovative Nuclear Reactors and Fuel Cycles (INPRO project), according to a Russian government directive published on the official legal information portal. The directive says Rosatom and the Russian Foreign Ministry will monitor the use of the Russian contribution.

Date: Thursday, 28 January 2016
Original article: neimagazine.com/news/newsrussia-contributes-to-iaea-inpro-project-4795612