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PMO Mulls To Open Gates For FDI In Nuclear Power

In a bid to make India a global player in nuclear power sector, the Modi government is contemplating to allow Foreign Direct Investment (FDI) in the nuclear power area. The decision, likely to be considered by the Prime Minister’s Office (PMO), would be a paradigm shift in India’s nuclear power policy, and subsequently open the gates for multinational companies to ...

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Remote Arctic Nuclear Plant Gets Lifespan Extension

Rosatom, Russia’s state nuclear corporation, has prolonged the lifespan of a reactor it has long said it will shut down, pointing to a possible hiccup in plans for the controversial Akademik Lomonosov, the county’s first floating nuclear station, to power a remote Arctic region. The reactor is one of four at the Bilibino nuclear power plant, the world’s northernmost commercial nuclear ...

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UAE To Inaugurate First Nuclear Plant

The UAE’s first nuclear power plant will start operations in the first quarter of 2020. The Barakah Nuclear Energy Plant’s first reactor was undergoing operational tests and preparations and is expected to obtain its license from an operating license from the UAE’s Federal Authority for Nuclear Regulation soon. Barakah – the first in the UAE – is set to be ...

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Australia To Advise Egypt For Its First Nuclear Plant

Australian energy group Worley Limited has won a contract to advise Egypt in building the country’s first ever nuclear power plant. The ASX-listed Worley – formerly WorleyParsons – said the contract with Egypt’s Nuclear Power Plants Authority announced recently was for the construction of a nuclear plant at El Dabaa, west of Alexandria, on the Mediterranean coast. Worley will provide ...

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Philippines Seeks To Relaunch Nuclear Power Ambitions

The Philippines plans to revive its long-discontinued nuclear energy programme to combat the threat of a future power supply crunch — a prospect likely to raise safety concerns in a country prone to typhoons and earthquakes. The country is working with the International Atomic Energy Agency to meet the UN watchdog’s safety and other requirements, and investigating potential suppliers from ...

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World’s Most Remote Nuclear-Power Plant Gets Extended Operational License

One of the three remaining reactors at Bilibino nuclear power plant (NPP) got a renewed five-years permission until December 31st, 2025. Bilibino NPP is located in the far remote Bilibinsky District in the Chukotka Autonomous Okrug, Russia’s northeastern corner. The power plant provides electricity to the same Pevek-Chaun-Bilibino grid currently under construction as the new floating nuclear power plant. One ...

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Russia Starts Work On 2nd Power Unit For Akkuyu Plant

The construction of a new power unit at the Russian-built Akkuyu nuclear power plant (NPP) in Turkey, the first of its kind in the country, is set to start in the first quarter of 2020. Pouring concrete at such sites usually marks the official start of construction. In August, Akkuyu Nuclear, a part of Rosatom charged with implementing the construction ...

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State Funding For Russia’s MBIR Reactor

Russian State Development Corporation VEB.RF and Gazprombank will finance construction of the MBIR multipurpose fast neutron research reactor being built in at the Russian Institute of Atomic Reactors (NIIAR) in Dimitrovgrad to the tune of RUB80 billion ($1.27bn), Prime Minister Dmitry Medvedev told a meeting of the VEB.RF supervisory board on 13 December. He said MBIR is being developed together ...

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KHNP Selected As Strategic Investor For Bulgarian Nuclear Power Plant Project

Korea Hydro & Nuclear Power (KHNP) has been selected as one of the three strategic investor candidates for a Bulgarian nuclear power plant project. The Bulgarian Energy Ministry selected KHNP of Korea, RosAtom of Russia and CNNC of China as strategic investor candidates for the construction of the Belene Nuclear Power Plant. The Belene Nuclear Power Plant is the second ...

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IAEA Approves Four Projects For Uzbekistan

Four projects aimed at building up Uzbekistan’s technical capacity, human resources, developing nuclear infrastructure, and strengthening nuclear and radiation safety have been approved by the International Atomic Energy Agency’s (IAEA’s) board of governors. The Central Asian country aims to have two nuclear power reactors in operation by 2030. The approvals were received under the framework of the technical cooperation programme ...

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