Pakistan and China Sign $4.8 Billion Nuclear Power Plant Deal
Pakistan and China signed a $4.8 billion deal on Tuesday to build a 1,200-megawatt nuclear power plant, Prime Minister Shehbaz Sharif said, hailing the investment by a country that Pakistan views as its most dependable ally.Work on the Chashma 5 project would begin immediately, Sharif said on state-run news channel PTV following the signing of the memorandum of understanding (MOU) between China National Nuclear Cooperation and Pakistan Atomic Energy Commission."Investment from China in…
Saudi Cabinet Approves Nuclear Power Program National Policy
Saudi Arabia's cabinet approved on Tuesday the national policy of the atomic energy program, state news agency SPA reported. The national policy includes limiting all nuclear activities to peaceful purposes, within the limits defined by international treaties, SPA said. It also stressed on the importance of optimal utilization of natural resources from nuclear materials and applying best practices for radioactive waste management. Saudi Arabia, the world's top oil exporter, wants nuclear power to diversify its energy supply mix.
Austrian Parties Plan to use Brexit to Reopen EU Nuclear Power Pact
Austria's main conservative and far-right parties, which are in coalition talks, plan to use Britain's departure from the European Union to renegotiate the bloc's main atomic pact so as to reward countries free of nuclear power, they said on Friday. Austria has opposed the use of nuclear energy ever since a majority backed that position in a referendum in 1978, when the country's first nuclear power plant was ready to be brought into service. The plant never went into operation. The conservative People's Party (OVP), led by Foreign Minister Sebastian Kurz, which won a parliamentary election on Oct.
Nuclear Newbuild Projects at Decade Low -Report
The number of nuclear newbuild projects worldwide has dropped to a decade low in the wake of the 2011 Fukushima disaster and due to the rising cost of atomic energy, an industry report showed. From a high of 15 in 2010, the number of construction starts of nuclear reactors worldwide dropped to 10 in 2013, eight in 2015, three in 2016, and just one in the first half of 2017, according to the World Nuclear Industry Status Report (WNISR). China, the most active builder of nuclear plants in the past decade, saw its newbuild activity slow from 10 in 2010 to six in 2015 and just two last year.
Three Mile Island to Close in 2019
Pennsylvania's Three Mile Island power plant will close in 2019, 40 years after the worst nuclear accident in U.S. history, as low natural gas prices make the costs of atomic energy uncompetitive, its owner said on Tuesday. The plant's name has been synonymous with public fears over the risks associated with nuclear power since the plant suffered a partial meltdown in 1979, sparking sweeping new rules for handling emergencies at nuclear sites. Exelon Corp, the U.S. power company that owns the Middletown, Pennsylvania, power plant said it will close by Sept. 30, 2019.
US DoE Unfairly Criticized: Kemp
The U.S. Department of Energy has become a lightning rod for criticism in parts of the Republican Party and the fossil fuels industry unhappy about the Obama administration's energy and climate policies. Presidential candidate Rick Perry promised to abolish the Department of Energy along with the Departments of Commerce and Education during a debate in 2011. Perry's views on the department's usefulness may evolve now he has been selected to lead it in a future Trump administration ("Trump picks climate sceptic Perry for top U.S. energy job", Reuters, Dec. 14).
Japan to Supply India with Nuclear Power Equipment, Technology
Japan and India signed a civilian nuclear accord on Friday, opening the door for Tokyo to supply New Delhi with fuel, equipment and technology for nuclear power production, as India looks to atomic energy to sustain its rapid economic growth. It was the first time Japan, the only country to have suffered a nuclear attack, had concluded such a pact with a country that is not a signatory to the Nuclear Non-proliferation Treaty (NPT). "Today's signing ... marks a historic step in our engagement to build a clean energy partnership…
Iran Has No Reason to Point Finger Over Sanctions, U.S. Says
The United States has kept its side of a landmark nuclear deal with Iran, and Tehran has no reason to complain that Washington has not done enough on lifting sanctions against it, U.S. Energy Secretary Ernest Moniz said on Monday. Iranian President Hassan Rouhani said last week that Washington had not fulfilled its obligations under the agreement, which places restrictions on Tehran's nuclear activities in exchange for the lifting of sanctions. Major foreign banks are wary of doing business with Iran because of fears that they would violate restrictions on U.S.
U.N. Nuclear Watchdog Chief to Seek Third Term
The head of the International Atomic Energy Agency confirmed on Monday he would seek a third term, stressing the threat posed by North Korea and the role his inspectors could play in any diplomatic deal with Pyongyang. Yukiya Amano, a 69-year-old career diplomat from Japan, has emphasised that the work of the IAEA - the United Nations nuclear watchdog - is technical, a reference to the more political style of his predecessor, Mohamed ElBaradei. He was first elected as director general in 2009 with the support of Western powers such as the United States…
Iran, Russia start Construction of New Iranian Nuclear Plant
Iran began building a second nuclear plant with Russian help on Saturday, in a $10 billion project which follows Tehran's landmark nuclear deal with world powers last year, state media reported. State television showed Iranian and Russian officials at launching ceremonies for the 10-year project which will include two power plants with a total capacity of more than 1,000 megawatts after their completion. Iran already runs one Russian-built nuclear reactor at Bushehr, its first. Russia signed a deal with Iran in 2014 to build up to eight more reactors in the country. A report by the U.N.
As Japan Re-embraces Nuclear Power, Safety Warnings Persist
Japan's re-embrace of nuclear power, on display last week with the recertification of two ageing reactors, is prompting some critics to warn that Tokyo is neglecting the lessons of Fukushima. In the first such step since the 2011 disaster, Japan's Nuclear Regulation Authority (NRA) on June 20 approved Kansai Electric Power Co's application to extend the life of two reactors beyond 40 years. As it became clear the NRA was going to allow the extensions, a former commissioner broke a silence…
South Carolina Governor Urges U.S. to Divert Plutonium from Japan
South Carolina Governor Nikki Haley has written to U.S. Energy Secretary Ernest Moniz demanding a shipment of weapons-grade plutonium en route to her state from Japan be turned back or sent elsewhere, according to a copy of the letter seen by Reuters. The demand has the potential to embarrass the Obama administration a week before it hosts an important summit on nuclear non-proliferation and undermine what so far has been viewed as a success in keeping weapons-grade material safe. The…
Nuclear Sanctions on Iran lifted
Iran emerged from years of economic isolation on Saturday when world powers lifted crippling sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. In a dramatic move scheduled to coincide with the scrapping of the sanctions, Tehran also announced the release of five Americans including Washington Post reporter Jason Rezaian as part of a prisoner swap with the United States. Together, the lifting of sanctions and the prisoner deal…
Crude Drops Again, Iranian Oil Looms
Brent, U.S. crude heading for third weekly loss; Iran sanctions could be lifted within days. Brent crude futures plunged more than 4 percent to fresh 12-year lows on Friday as the market braced for increased Iranian oil exports, with the lifting of international sanctions possible within days. Brent and U.S. crude oil were on track to close lower for a third consecutive week, down roughly 20 percent from their 2016 highs. The International Atomic Energy Agency (IAEA) could issue its report on Iran's compliance with an agreement to curb its nuclear programme during a Friday meeting in Vienna…
Bangladesh signs $12.65 bln deal with Russia for Nuclear Power Plants
Bangladesh's state-run Atomic Energy Commission signed a deal with Russia on Friday to set up two nuclear power plants, each with 1,200 megawatt capacity, an investment totalling $12.65 billion, a government official said. Work will begin early next year at Ruppur in Iswardi, 160 km (100 miles) from Dhaka, said Kamrul Islam Bhyian, spokesman for the ministry of science and technology. "Russia will finance up to 90 percent of the total cost as credit with an interest rate of Libor plus 1.75 percent," Bhyian told Reuters. Bangladesh will clear the total loan within 28 years with a 10-year grace period.
Nuclear Exit Unthinkable for Climate Conference Host France
Early this year, France's state energy and environment agency was set to publish a study that found the country could realistically abandon nuclear reactors and rely completely on renewable power in decades to come. But the presentation was scrapped under political pressure, with Energy Minister Segolene Royal later saying the agency needed to be "coherent" with government targets. The episode illustrated the tensions surrounding energy policy in a country steeped in nuclear power since the 1970s and which relies on it for three-quarters of its electricity - more than any other nation.
Application Guidelines for Dumping Radioactive Waste
Updated guidelines for the application of the de minimis (exempt) concept for radioactive substances which may be considered for dumping at sea have been adopted by Contracting Parties to the treaties which regulate the dumping of wastes at sea. The 2015 Guidelines for the application of the de minimis concept include recognition of effects of radiation on marine fauna and flora. They were adopted by the 37th Consultative Meeting of Contracting Parties (London Convention 1972) and 10th Meeting of Contracting Parties (London Protocol 1996)…
IAEA Warns Money Running Out to Monitor Iran Nuclear Deal
The U.N. nuclear watchdog said on Tuesday it will run out of money next month to monitor implementation of nuclear accords with Tehran and asked countries to increase funding the costs of its Iran work, which will rise to $10 million a year. International Atomic Energy Agency (IAEA) chief Yukiya Amano said he had asked member states for contributions to ensure its work can go ahead. Under the agreement reached between Tehran and six world powers on July 14, sanctions relief for Iran hinges on IAEA reports on its past and present nuclear program.
IAEA to Discuss its Role, Money Needs Under Iran Deal
An International Atomic Energy Agency (IAEA) meeting later this month will consider how to finance the monitoring of Iran's nuclear deal with world powers, a crucial step toward an eventual end of sanctions on Tehran. The IAEA has been asked to report on whether Iran is taking the necessary measures to shrink its nuclear programme as agreed in the July 14 accord, which was days later enshrined in a Security Council resolution. Without IAEA confirmation that Iran is keeping its promises, the country will not be granted much-needed sanctions relief.
Iran gives Information on Past Nuclear Activities
Iran has given the U.N. nuclear watchdog information regarding its atomic past, a milestone in potentially meeting a condition for sanctions relief under an accord reached with world powers last month. Alongside the July 14 agreement to curb its nuclear programme in exchange for easing sanctions, Iran signed a deal with the International Atomic Energy Agency (IAEA) to resolve outstanding questions about the possible military dimensions (PMD) of its past nuclear activities. "Iran today…
