Meanwhile, the US Department of the Interior (DOI) has announced the end of special treatment for “unreliable” energy sources such as wind.

The Tanzanian government had completed an environmental assessment in June and has green-lit the project to start.

According to the Russian Ministry of Energy, Russia’s state nuclear power corporation (Rosatom) and Niger’s Energy Ministry signed a Memorandum of Understanding (MoU) on Monday (July 28).

Szijjártó said that with the increasing electricity demand there was a need to sustain energy security by increasing nuclear capacity and "SMRs are the ideal solution for us".

The projects will be developed by Bundelkhand Saur Urja, its joint venture with the Uttar Pradesh New and Renewable Energy Development Agency, as four 300 MW subprojects and will have to be commissioned within 18 months from the effective date of the signing of the power purchase agreement (PPA). The minimum bid capacity is 300 MW and the maximum capacity is 600 MW.

Meanwhile, Chang said Malaysia signed a Civil Nuclear Strategic Partnership agreement with the US, envisaging long-term cooperation in developing Malaysia’s civil nuclear energy capabilities in a safe and responsible manner.

The German energy group Uniper and the Canadian gas producer Tourmaline have signed a long-term natural gas supply agreement for 6.6 bcm over 8 years starting in November 2028.

The Kyrgyz Ministry of Energy has signed an investment agreement with RECA and Rox Energy Global, two Vietnamese companies, to build and operate a 1.9 GW solar plant in the Kyzyl-Oruk village of the Toru-Aigyr rural district of the Issyk-Kul region of Kyrgyzstan.

The fusion power plant will be located in Chelan County, Washington, on land leased from the Chelan County Public Utility District.

Brent rose 8 cents, or 0.12%, to $71.81 a barrel, WTI gained 8 cents, or 0.12%, to $69.29 a barrel.