Bruce Power and Areva NP will further explore opportunities to commercialise radioisotope production capabilities at the Bruce nuclear power plant in Ontario following the signing of a memorandum of understanding (MOU) yesterday. Under the agreement, Areva NP is to supply equipment to allow online production of isotopes at the Canadian plant.

USA-based GE is to provide services to the steam turbines, generators and auxiliary systems of the nuclear power plants on the Daya Bay site in China under a 12-year agreement signed with the site's operating company.

Mitsubishi Heavy Industries (MHI) has formally decided to invest in Areva's reactor operations and signed investment agreements with both Areva Group and EDF to take a 19.5% stake in New NP.

EDF recorded a 3.7% year-on-year fall in net income and a 2.6% dip in sales in the first half of this year - to €2 billion and €35.7 billion - with its nuclear power generation impacted by unplanned outages. The French state-owned group said the results were in line with expectations, despite the launch earlier this year of a €4 billion capital increase.

Korea Hydro and Nuclear Power confirmed today it is in talks about "cooperation" with Horizon Nuclear Power, which is planning to build two large reactors at Wylfa Newydd in Wales.

Toshiba Corporation has agreed to pay a maximum of $2.168 billion to South Carolina Electric & Gas and Santee Cooper under its guarantee obligations for the two AP1000 reactors under construction at VC Summer in South Carolina. The project owners say the additional cost to complete the units is expected to exceed this amount.

Toshiba Corp is now the sole owner of NuGeneration (NuGen) after completing the acquisition of French utility Engie's 40% share in the UK nuclear power plant developer yesterday. The Japanese electronics conglomerate received notice from Engie on 4 April that it had exercised its right to require Toshiba to purchase all shares held by Engie in NuGen.

Independent experts have determined the fair market enterprise value of the Langer Heinrich uranium mine's holding company to be $583 million, Paladin Energy has announced. Separately, Paladin said the administrators it appointed earlier this month have agreed a new financing facility that will fund working capital for the Namibian mine.

Finnish utility Teollisuuden Voima Oyj has been awarded a second final and binding partial award in the ongoing arbitration proceedings related to delays in the construction of the first-of-a-kind EPR unit at Olkiluoto. It follows the granting of a partial award to TVO last November.

The UK's Nuclear Decommissioning Authority received more than GBP1.0 billion ($1.3 billion) of commercial income in the 2016/2017 financial year, which it says reduced the "net impact on the public purse" to GBP2.2 billion. According to its annual report and accounts, published yesterday, the exact figure was GBP1.025 billion, which was down from GBP1.094 billion in 2015/2016. Around 85% of its income, GBP612 million, came from the reprocessing and management of used fuel and waste.

Rosatom saw the value of its long-term portfolio of foreign orders "continue to grow" last year - by 20.9% to $133.4 billion. In a statement to accompany publication of its annual report for 2016, the Russian state nuclear corporation said this meant it had retained its "world-leading position" in terms of contracts to build nuclear units for overseas customers - 34 reactors in 12 countries at the end of last year.

The restructuring of France's Areva group has taken a step forward with the implementation of a €2.0 billion ($2.3 billion) capital injection from the French state. NewCo - Areva's separated nuclear fuel cycle activities - is also to receive a €2.5 billion capital increase from the state by the end of this month.