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 agreement was signed by US Secretary of State Antony Blinken and Philippine Department of Energy Secretary Raphael Lotilla on the sidelines of the 30th Asia-Pacific Economic Cooperation Leaders' Summit in San Francisco. The signing was witnessed by Philippine President Ferdinand Marcos.

The agreement also said necessary regulations should be developed to create the conditions for the construction and operation of small modular reactors (SMRs) in Sweden. In addition, the permitting process for nuclear power plants must be shortened.

The energy system for the remote region is a standalone one run by Norilsk-Taimyr Energy Company, part of the Norilsk Nickel group. The city of Norilsk is within the Arctic circle in Russia's north, and has a population of more than 170,000 people.

Besides climate change, amid today’s geopolitical challenges, countries increasingly recognize that nuclear energy is a key contributor to the security of energy supply.

Economy Minister Bruno Le Maire faced a difficult decision between maintaining France as an attractive investment destination and maintaining sovereignty over strategic technology, but finally decided to veto the takeover.

Transportation in India contributes 14% of CO2 emissions (ICCT 2022), with 90% of energy used by road transport (Hagemann et al., 2020) and 50% of oil demand (IEA 2021). Amidst economic growth, addressing energy use and decarbonization is vital.

The session was the final one of the two day gathering of more than 700 people from the global nuclear sector, where the discussion has covered issues ranging from financing new nuclear, to how the industry will be able to recruit and train enough staff for the proposed expansion of nuclear energy in the years ahead.

CNNC said the recent achievement “once again broke the operation record of China's nuclear fusion devices based on magnetic confinement, overcoming many technical challenges”. It added: “This milestone holds great importance in China's nuclear fusion energy development, signifying a crucial step forward in the research of high-performance nuclear fusion plasma operation.

Two more countries - Zimbabwe and Ethiopia - have signed agreements with Russia to cooperate on the peaceful use of nuclear technology on the sidelines of the Russia-Africa Economic and Humanitarian Forum, which has been taking place in St Petersburg.