Corporate

Corporate
Cameco buoyed by global interest in nuclear

Cameco buoyed by global interest in nuclear

Canadian uranium producer Cameco is "bullish about the future" thanks to growing interest from around the world in nuclear energy as a reliable, sustainable and low-carbon source of electricity, President and CEO Tim Gitzel said today during the World Nuclear Fuel Cycle forum, which is being held this week by the US Nuclear Energy Institute and World Nuclear Association.

Corporate 13 April 2021


Framatome to provide outage services to Dominion fleet

Framatome to provide outage services to Dominion fleet

Framatome recently signed a "multi-million dollar" contract with US utility Dominion Energy to support the long-term operation of its nuclear power plant fleet. The five-year contract covers nuclear power plant outage and maintenance work, including steam generator services, refuelling services and inspections.

Corporate 07 April 2021


Bruce commits to net-zero operations by 2027

Bruce commits to net-zero operations by 2027

Bruce Power has committed to achieving net-zero greenhouse gas emissions from its site operations by 2027, building on its previously announced NZ-2050 plan. The company says it is the first nuclear operator in North America to announce such an ambitious commitment.

Corporate 31 March 2021


Doosan to supply I&C system for Xudapu 3 and 4

Doosan to supply I&C system for Xudapu 3 and 4

Doosan Heavy Industries & Construction has been awarded its first contract for nuclear power instrumentation and controls in the Chinese nuclear market. The South Korean company signed a contract with China Techenergy Company on 29 March to supply an Industrial Anti-seismic Protection System for units 3 and 4 of the planned Xudapu nuclear power plant in China's Liaoning province.

Corporate 31 March 2021


Russia makes progress with fast reactor upgrade

Russia makes progress with fast reactor upgrade

Zio-Podolsk has started manufacturing modules for PGN-200M steam generators as part of work to upgrade unit 3 of the Beloyarsk nuclear power plant in the Sverdlovsk district of Russia. Zio-Podolsk is a subsidiary of Rosatom, which said the modernisation work was aimed at extending the operating life of the unit to 60 years.

Corporate 30 March 2021


Lightbridge and Framatome end Enfission joint venture

Lightbridge and Framatome end Enfission joint venture

Lightbridge Corporation and Framatome have agreed to dissolve their Enfission joint venture. Launched in January 2018, Enfission was to develop, license and sell nuclear fuel assemblies based on Lightbridge's innovative metallic nuclear fuel technology.

Corporate 23 March 2021


Egypt's Petrojet signs teaming agreement with Korean nuclear companies

Egypt's Petrojet signs teaming agreement with Korean nuclear companies

Petrojet - an Egyptian petroleum sector company - is boosting cooperation with South Korean companies including Korea Hydro & Nuclear Power, Kepco E&C, Hyundai E&C and Doosan Heavy Industries & Construction to participate in Egypt's first nuclear power plant project. The El Dabaa plant is to be built by Russia's JSC Atomstroyexport as the general contractor for the project. Petrojet Chairman Waleed Lotfy signed a teaming agreement with representatives of the South Korean companies, who visited Petrojet's headquarters in Cairo on 16 March.

Corporate 17 March 2021


Westinghouse plans investment in Polish nuclear

Westinghouse plans investment in Polish nuclear

Westinghouse Electric Company has announced its intention to invest in nuclear technologies in Poland, following a meeting in Warsaw between Westinghouse CEO Patrick Fragman and Polish Secretary of State for Strategic Energy Infrastructure Piotr Naimski.

Corporate 16 March 2021


Akkuyu Nuclear receives sustainability loans from Sovcombank

Akkuyu Nuclear receives sustainability loans from Sovcombank

JSC Akkuyu Nuclear, a subsidiary of Russia's Rosatom, said today it had received two loans of up to USD200 million and USD100 million, respectively, for a period of seven years from Sovcombank to finance the construction of the Akkuyu nuclear power plant in Turkey. The loans are being provided on special terms, Rosatom said, including a reduction in the interest rate "when the borrower fulfills its sustainable development covenants". Sovcombank is one of Russia’s 10 biggest banks, with assets totalling RUB1.6 trillion (USD20.27 billion).

Corporate 09 March 2021


Magnox Inquiry concludes NDA had 'optimism bias'

Magnox Inquiry concludes NDA had 'optimism bias'

The final report of an independent inquiry into the UK Nuclear Decommissioning Authority's award of the Magnox decommissioning contract, related litigation and its subsequent termination has been published. Led by Steve Holliday, a former CEO of National Grid, the process to hold the Magnox Inquiry began in March 2017. Holliday was asked to conduct an inquiry by Greg Clark, then secretary of state for Business, Energy and Industrial Strategy.

Corporate 05 March 2021