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2018-03-09 13:20:00

INDIA NEED URANIUM: TENFOLD

INDIA NEED URANIUM: TENFOLD

WNNIndia is planning a tenfold increase in uranium production over the next 15 years, Minister of State Jitendra Singh told the country's parliament yesterday. State company Uranium Corporation of India Ltd (UCIL) has outlined expansion plans to meet the Department of Atomic Energy's (DAE) vision of achieving self-sufficiency in uranium production.

In answer to questions in the Lok Sabha, Singh said UCIL, which is a public service undertaking with the DAE, has outlined a plan for "massive expansion" leading to a tenfold rise in uranium production by 2031-2032. The plan includes maintenance of sustained supply from existing facilities, capacity expansion of some existing units and construction of new production centres (mines and plants) in different parts of the country, he said.

"Considering the resources already identified in different geological basins by Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of DAE, UCIL's major production centres are planned in Jharkhand, Andhra Pradesh, Karnataka, Telangana, Rajasthan and Meghalaya," Singh said.

The expansion is planned in three phases, with the first expected to increase uranium production to 3.5 times existing levels by the "12th year". Completion of projects in the second phase is expected to achieve a sevenfold expansion over current production, with the third phase of projects leading to a tenfold increase over current levels by 2031-32.

According to the 2016 edition of the OECD Nuclear Energy Agency and International Atomic Energy Agency joint report on uranium resources, production and demand (the 'Red Book'), India's known conventional uranium resources - reasonably assured resources and inferred - were estimated to be 181 606 tU as of January 2015. Uranium mills currently operate at Jadugudah and Turamdih, both in Jharkand, and Tummalapalle in Andhra Pradesh. India produced 385 tU in 2015. The AMD claimed to have established domestic uranium resources of 232,315 tU as of November last year.

India operates 22 nuclear reactors, eight of which are fuelled by indigenous uranium. Fourteen reactors are under international safeguards and use imported uranium. Six units - four indigenously designed pressurised heavy water reactors, a fast breeder reactor and a Russian-designed pressurised water reactor - are currently under construction. Construction is planned to begin on 19 further units within the next few years, including ten indigenously designed PHWRs which are scheduled to start up by 2031. Agreements envisage the import of uranium up to 2020, Singh said.

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Earlier:

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2018, March, 7, 14:30:00

ASIA'S NUCLEAR INCREASING

EIA - Nuclear electricity generation capacity in the Middle East is expected to increase from 3.6 gigawatts (GW) in 2018 to 14.1 GW by 2028 because of new construction starts and recent agreements between Middle East countries and nuclear vendors.

 

 Nuclear
2018, March, 7, 14:10:00

INDIA - VIETNAM NUCLEAR

WNN - India and Vietnam have signed a memorandum of understanding (MoU) to strengthen their cooperation in nuclear energy. The agreement was one of three MoUs signed during Vietnamese President Tran Dai Quang's visit to India.

 

 Nuclear
2018, March, 4, 11:00:00

RUSSIA - INDIA - BANGLADESH NUCLEAR

ROSATOM, the Ministry of Science and Technology of the People's Republic of Bangladesh and the Department of Atomic Energy of the Government of the Republic of India signed a Memorandum of Understanding on cooperation in the implementation of the Rooppur NPP construction project in Bangladesh.

 Nuclear
2018, January, 22, 08:15:00

INDIA'S NUCLEAR POWER - 2017

WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.

 

 Nuclear
2017, December, 15, 12:55:00

NUCLEAR - 2050: 25%

WNN - According to the Foratom statement, World Nuclear Association Director General Agneta Rising said: "By 2050, nuclear energy must account for 25% of energy generation if we are to meet our climate targets. With nuclear making up 11% of generation in 2014, an extra 1000 GWe in nuclear capacity will need to be built by 2050. However, meeting this goal will not be easy."

 

 Nuclear
2017, November, 9, 13:50:00

EIA: NUCLEAR ENERGY WILL UP

EIA projects that global nuclear capacity will grow at an average annual rate of 1.6% from 2016 through 2040, led predominantly by countries outside of the Organization for Economic Cooperation and Development (OECD). EIA expects China to continue leading world nuclear growth, followed by India. This growth is expected to offset declines in nuclear capacity in the United States, Japan, and countries in Europe.

 

 Nuclear
2017, October, 25, 21:26:00

THE BIGGEST ASIAN NUCLEAR

WNN - Asian countries continue to dominate the market for new nuclear build, according to a newly-released report from the World Nuclear Association. Of the 10 new nuclear power reactors that started up worldwide in 2016, eight were located in Asia.

Tags: INDIA, URANIUM, NUCLEAR

Chronicle:

INDIA NEED URANIUM: TENFOLD
2018, June, 18, 14:00:00

U.S. IS BETTER

IMF - Within the next few years, the U.S. economy is expected to enter its longest expansion in recorded history. The Tax Cuts and Jobs Act and the approved increase in spending are providing a significant boost to the economy. We forecast growth of close to 3 percent this year but falling from that level over the medium-term. In my discussions with Secretary Mnuchin he was clear that he regards our medium-term outlook as too pessimistic. Frankly, I hope he is right. That would be good for both the U.S. and the world economy.

INDIA NEED URANIUM: TENFOLD
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

INDIA NEED URANIUM: TENFOLD
2018, June, 18, 13:50:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2017) average.

INDIA NEED URANIUM: TENFOLD
2018, June, 18, 13:45:00

SOUTH AFRICA: NO BENEFITS

IMF - South Africa’s potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors—agribusiness, mining, manufacturing, and services—have capacity for expansion. Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.

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