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22 news articles found
India and France have agreed to strengthen their defence and security partnership following Indian Prime Minister Narendra Modi's visit to France at the invitation of French President Emmanuel Macron. Following extensive discussions, a joint communique noted the strengthening of the strategic partnership between the two countries. Among other things, it “recognised that the promotion of clean and low-carbon energy, the preservation of biodiversity, the protection of the oceans and the fight against pollution were essential aspects of cooperation”.
- Source: NEI Magazine
- Date: Thursday, 20 July 2023
- Original article: neimagazine.com/news/newsindia-and-france-strengthen-defence-and-security-partnership-including-nuclear-11018226
Kazakhstan Nuclear Power Plants (KNPP) and Korea Hydro & Nuclear Power (KHNP) have signed a memorandum of understanding (MOU) promising comprehensive cooperation for the introduction of new NPPs in Kazakhstan during a visit to Seoul by a Kazakh delegation headed by Deputy Energy Minister Zhandos Nurmaganbetov. The MOU will "help strengthen the strategic partnership between Kazakhstan and South Korea in the field of nuclear energy development," the Kazakh Energy Ministry said.
- Source: NEI Magazine
- Date: Friday, 01 July 2022
- Original article: neimagazine.com/news/newskazakhstan-signs-mou-with-khnp-9815921
Introducing a new report from France’s nuclear auditor, released last week, Pierre Moscovici, the head of France’s Court of Accounts said: “There is still uncertainty on the ability of the French nuclear industry, despite its current strong efforts, to build new nuclear reactors within a time frame and costs that remain acceptable.”
- Source: NEI Magazine
- Date: Thursday, 16 July 2020
- Original article: neimagazine.com/news/newsfrench-auditors-report-unsure-of-epr-plans-8027157
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.
- Source: Nucnet
- Date: Wednesday, 20 May 2020
- Original article: nucnet.org/news/industry-association-proposes-financing-options-for-new-build-5-2-2020
India and the USA have issued a joint statement agreeing to strengthen security and civil nuclear cooperation, including the construction of six US nuclear power units.
- Source: NEI Magazine
- Date: Monday, 18 March 2019
- Original article: neimagazine.com/news/newsusa-reaffirms-plans-for-construction-in-india-7050309
Saudi Arabia is hoping to prequalify firms from two or three countries by April or May for the first nuclear reactors it wants to build, Abdul Malik al-Sabery, a consultant at the King Abdullah City for Atomic and Renewable Energy told reporters on the sidelines of World Future Energy Summit in Abu Dhabi.
- Source: NEI Magazine
- Date: Thursday, 18 January 2018
- Original article: neimagazine.com/news/newssaudi-arabia-to-prequalify-npp-bids-by-may-6029868
A report by the UK House of Commons public accounts committee published on 22 November said the UK government should rethink the economic case for new nuclear power stations after making “grave strategic errors” in the Hinkley Point C project.
- Source: NEI Magazine
- Date: Monday, 27 November 2017
- Original article: neimagazine.com/news/newsuk-accounts-committee-criticises-hinkley-point-5986756
The US Nuclear Energy Institute recently hosted a senior Czech nuclear energy delegation for a meeting with a large group of US nuclear suppliers, NEI said on its website on 2 November. The Czech contingent was led by Lenka Kovacovská, deputy minister of industry and trade, and Ján Štuller, the ministry’s special nuclear envoy.
- Source: NEI Magazine
- Date: Sunday, 05 November 2017
- Original article: neimagazine.com/news/newsczech-nuclear-plans-spark-interest-5964440
French contractor Bouygues has been awarded a construction contract worth at least €1.7bn ($1.8bn) by Electricite de France (EDF) related to the UK’s Hinkley Point C nuclear power plant. Bouygues will work with UK firm Laing O’Rourke on construction of the buildings that will house the two EPR reactors at Hinkley, Bougues said in a statement on 11 January. EDF says lessons learned from four similar reactors built in France, Finland and China will allow it to complete the plant by 2025, with an annual investment return of about 9% after tax over its 60-year lifespan.
- Source: NEI Magazine
- Date: Monday, 16 January 2017
- Original article: neimagazine.com/news/newsbouygues-wins-hinkley-npp-contract-5716852
The UK government has requested nuclear regulators to begin the generic design assessment (GDA) process for a UK version of China’s indigenous HPR1000 (Hualong One), a 1000MWe pressurised water reactor.
- Source: NEI Magazine
- Date: Wednesday, 11 January 2017
- Original article: neimagazine.com/news/newsuk-embarks-on-gda-for-chinas-hualong-one-5713997