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Areva-controlled conglomerate will pay $554 million to settle Finnish reactor row

France’s Areva and Germany’s Siemens will make a payment of 450 million euros (£400 million) for cost overruns and postponements at a nuclear reactor which they are constructing for Teollisuuden Voima (TVO) in Finland, settling a long-running dispute.

read more... 12/03/2018


China to begin the construction of up to eight reactors in 2018

According to a plan released by the country’s National Energy Administration (NEA), China will encourage the development of nuclear power this year. Five new nuclear power reactors are planned to become operational in 2018 and construction works will commence with further six to eight units.

read more... 09/03/2018


French energy group signed an agreement with S. Korea on decommissioning nuclear reactors

French nuclear firm New AREVA and Korea Hydro & Nuclear Power (KHNP) inked an accord aiming to reinforce their collaboration in the dismantling and cleanup of nuclear reactors.

read more... 06/12/2017


Russia and Philippines will cooperate in nuclear field

Russia will support Philippines in designing national policies in the nuclear energy field according to a memorandum of cooperation (MoC) inked on 13 November. The collaboration will consist of feasibility studies on the building of small modular reactors.

read more... 17/11/2017


Daily (08.11.2017): French day-ahead power prices jumped by almost 25% due to delays in reactor restarts

Oil prices dropped on Tuesday as Chinese crude imports fell to their lowest level in a year, even though traders declared that the global market remains well supported on the back of OPEC-led supply reductions.

read more... 08/11/2017