Discussions also included the possible implementation by Rosatom of a project for the construction of a second NPP at Sinop. Rosatom said possible design solutions would be based on the wishes of the Turkish side to strengthen the effect of the project on the Turkish economy.

The Paks II project was launched in 2014 by an inter-governmental agreement between Hungary and Russia for two VVER-1200 reactors (units 5&6) to be supplied by Rosatom. The contract was supported by a Russian state loan to finance the majority of the project.

Following the South Korean government's decision to restrict state-owned power-generating companies from importing Russian thermal coal from the spot market towards the end of 2023, Russian exports lost ground to Colombian thermal coal supply in recent months.

The Prohibiting Russian Uranium Imports Act was signed by President Joe Biden in May, after being passed unanimously by the US Senate and will go into effect on 11 August.

Benchmark futures settled 2.2% higher at €32.48 a megawatt-hour Friday after slumping a day earlier. The contract also posted a second straight weekly gain.

State Grid Corp. of China, which covers more than 80% of the country, will increase spending 13% to 600 billion yuan ($83 billion) this year, the Economic Information Daily reported, citing a budget plan.

We face a potential future of perpetual subsidies and incentives combined with mandated changes and banned products. This potential future does not include reduced energy costs or increased liberty and freedom.

The reactor and the nuclear health centre will also be used to conduct research, development and innovation activities both in the field of nuclear medicine and nuclear power technology.

 Total submissions increased by 16% over last year to nearly 6,000  38% increase in submissions for Energy Transition and Decarbonisation and 32% increase in submissions for AI and Digital Transformation categories  Submissions reveal ADIPEC’s continued alignment with the wider energy industry’s focus on leveraging digital technologies and advancing decarbonisation

Brent rose 21 cents to $84.87 a barrel, WTI ose 26 cents to $81.67 a barrel.