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South Africa’s Koya Capital has signed a partnership agreement with Stratek Global to assist in securing finance for construction of a high temperature modular reactor. The ZAR9bn ($480m) HTMR-100 is based on South Africa’s Pebble Bed Modular Reactor (PBMR).
- Source: NEI Magazine
- Date: Friday, 12 April 2024
- Original article: neimagazine.com/news/newssupport-grows-for-south-africas-htmr-100-smr-11676146
During US President Joe Biden’s visit to Canada, a wide-ranging joint statement was issued with Canadian Prime Minister Justin Trudeau, which among other things, pledged to coordinate efforts to develop nuclear fuel supply chains in North America. They also undertook to build partnerships to help ensure access to low-enriched uranium and agreed to launch a task force to accelerate cooperation on clean energy opportunities and supply chains. Canada further agreed to join the US-led programme Foundational Infrastructure for Responsible Use of Small Modular Reactor Technology (FIRST) programme and to provide funding and in-kind support.
- Source: NEI Magazine
- Date: Friday, 31 March 2023
- Original article: neimagazine.com/news/newscanada-and-usa-to-strengthen-nuclear-energy-co-operation-10714416
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.
- Source: Nucnet
- 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
The impetus for new build is being spurred by a need to reduce reliance on polluting coal China has 10 nuclear units under construction including two Generation III Hualong One plants at Fangchenggang. China, with its state nuclear companies backed by a government hungry for development, is the most active nation for building new nuclear power plants. That trend that is likely to continue, although confirming lucrative export deals for its reactor technology still runs far behind the pace set by Russia, which says it had 39 reactors under construction or planned overseas as of 2018.
This compares to only two reactors under construction overseas by China, both in Pakistan, although in the UK China has a stake in EDF’s Hinkley Point C project and plans for Chinese technology at Bradwell B. At Sizewell C in Suffolk EDF wants to build a clone of Hinkley Point C if it can attract enough private investment. CGN holds a 20% share.
The government has said it wants to build 30 reactors overseas by 2030. China and Russia both see Africa, where about 600 million people live without electricity, as something of a golden fleece and are pursuing nuclear agreements, which lay the groundwork for new-build, in a number of African nations. Small modular reactors and floating reactors could be an option for isolated areas. China has already said it is close to starting work on its first floating unit, but reliable details are few and far between.
The impetus for nuclear power in China is increasingly due to air pollution from coal-fired plants. To meet its climate goal as stipulated in the Paris agreement, China will need to reduce its coal power capacity by 40% over the next decade, according to Global Energy Monitor’s analysis. At present, this seems unrealistic. In addition to roughly 1,000 GW of existing coal capacity, China has 121 GW of coal plants under construction, which is more than is being built in the rest of the world combined.
- Source: Nucnet
- Date: Friday, 24 January 2020
- Original article: nucnet.org/news/china-keen-to-match-pace-set-by-russia-in-overseas-construction-1-4-2020
Nuclear power's role in the clean-energy solution must be agreed universally this year, writes Agneta Rising, director general of World Nuclear Association.
- Source: World Nuclear News
- Date: Tuesday, 14 January 2020
- Original article: world-nuclear-news.org/Articles/Viewpoint-Nuclear-energy-from-recognition-to-res
Nuclear power's role in the clean-energy solution must be agreed universally this year, writes Agneta Rising, director general of World Nuclear Association.
- Source: World Nuclear News
- Date: Wednesday, 08 January 2020
- Original article: world-nuclear-news.org/Articles/Viewpoint-Nuclear-energy-from-recognition-to-res
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.
- Source: NEI Magazine
- Date: Thursday, 28 January 2016
- Original article: neimagazine.com/news/newsrussia-contributes-to-iaea-inpro-project-4795612