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The Bulgarian government has cancelled the decision to build the Belene NPP as a project of national importance and the procedure for selecting a strategic investor. “With today’s decision, the government instructs the Minister of Energy to take action to terminate the procedure announced by the National Electric Company (NEK) to select a strategic investor for the construction of the Belene nuclear power plant and notify the candidates who submitted the relevant offers,” a government statement said.

Source: NEI Magazine
Date: Wednesday, 18 October 2023
Original article: neimagazine.com/news/newsbulgaria-cancels-belene-npp-project-11224401

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

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.

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

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

Rusatom Automated Control Systems (Rasu), a subsidiary of Russian state nuclear corporation Rosatom, will be the main designer and supplier of the instrumentation and control systems (I&C) package for units 3 and 4 of India’s Kudankulam NPP, Rosatom said on 16 December. In November 2016, general contractor Atomstroyexport (part of Rosatom) signed a contract with Rasu to deliver the I&C equipment, a statement said. In April 2014, Russia and India signed a general framework agreement for the construction of Kudankulam 3 and 4, the second phase of the Kudankulam NPP in Tamil Nadu state.  In November 2016, Rosatom said its subsidiary, Atomenergomash, began production of major components for the project.

Source: NEI Magazine
Date: Thursday, 22 December 2016
Original article: neimagazine.com/news/newsindias-kudankulam-npp-moves-ahead-but-other-import-plans-in-limbo-5703889

Six companies have expressed interest in the expansion of the Czech Republic’s nuclear power programme, according to media reports on 2 November. These include Russia’s Rusatom Overseas (part of state nuclear corporation Rosatom); US-based Westinghouse (part of Japan’s Toshiba Corp); Electricite de France; ATMEA, the joint venture of France’s Areva and Japan’s Mitsubishi; Korea Hydro and Nuclear Power, and China General Nuclear Power Corporation.

Source: NEI Magazine
Date: Thursday, 03 November 2016
Original article: neimagazine.com/news/newsinternational-interest-in-czech-expansion-plans-5658017

India won't buy GE Hitachi Nuclear Energy reactors that have not yet been used in NPPs, Sekhar Basu, secretary at India's Department of Atomic Energy told Bloomberg. "Right now they have offered us reactors that do not have a reference plant", he said. "We will not buy a reactor that doesn't have a reference plant." GE Hitachi has signed an accord to supply reactors for a NPP at Kovvada in India's southern state of Andhra Pradesh. India also has agreements with Westinghouse Electric Co, Electricite de France (EDF) and Russia's Atomstroyexport (part of state nuclear corporation Rosatom) to buy reactors.

Source: NEI Magazine
Date: Saturday, 02 July 2016
Original article: neimagazine.com/news/newsindia-rules-out-ge-reactors-without-reference-plant-4939244