REUTERS - Czech Prime Minister Andrej Babis wants a decision by the end of 2018 on financing majority state-owned utility CEZ’s multi-billion dollar nuclear power expansion.
EIA - Brent crude oil spot prices averaged $74 per barrel (b) in July, largely unchanged from the average in June. EIA expects Brent spot prices will average $72/b in 2018 and $71/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.
REUTERS - The bill includes restrictions on new Russian sovereign debt transactions, energy and oil projects and Russian uranium imports, and new sanctions on Russian political figures and oligarchs.
WNN - it was announced that Brookfield Business Partners, together with institutional partners - collectively known as Brookfield - had agreed to acquire 100% of Westinghouse from Toshiba for about USD4.6 billion.
PLATTS - EDF maintained its annual French nuclear output target of 395 TWh and reported further progress in the regulator-requested Creusot review of its entire nuclear fleet with 34 reactors now cleared and 48 files submitted to the ASN by July 30.
WNN - "The vision of Saudi Arabia 2030 considers nuclear energy as an important source to support stability and sustainable growth," Al Sultan said. "Deployment of nuclear energy aims for peaceful purposes, in a safe, secure and sustainable manner consistent with highest standards and best practices. The Kingdom of Saudi Arabia has requested the INIR mission to support this goal. It was a valuable tool to pinpoint areas of improvement and ensure that the required infrastructures are in place before signing the contract for building the first nuclear power plant in the Kingdom of Saudi Arabia."
WNN - The Digest of UK Energy Statistics (DUKEs), published today by the Department for Business, Energy and Industrial Strategy (BEIS), shows low-carbon sources of electricity accounted for a record 50.1% of power generated in the UK in 2017, which is up from 45.6% the previous year. This figure consists of 21.0% from nuclear, 14.8% wind (onshore and offshore), 3.4% solar and 2.3% hydro amongst low-carbon power sources.
WNN - India is in active talks with French and US companies on projects to build new nuclear power plants at Jaitapur and Kovvada, the country's minister of state, Jitendra Singh, has confirmed to parliament.
IEA - For the third consecutive year, global energy investment declined, to USD 1.8 trillion (United States dollars) in 2017 – a fall of 2% in real terms. The power generation sector accounted for most of this decline, due to fewer additions of coal, hydro and nuclear power capacity, which more than offset increased investment in solar photovoltaics.
U.S. DC - U.S. uranium production had been 49 percent of U.S. requirements in 1987. Today, U.S. uranium production has dropped to only five percent of U.S. requirements.
EBRD - Using plasma technology, the facility will significantly reduce the volume of low- and intermediate-level radioactive waste from the Kozloduy reactors 1 to 4, which were shut down between 2002 and 2006, and reactors 5 and 6, which are in operation.
ROSATOM - ROSATOM plans shortly to conclude contracts with new countries for construction of NPPs abroad. At the present time, ROSATOM has 67% of the world nuclear plant construction market, as head of the state-owned corporation Alexei Likhachev reported to Russia’s Prime Minister Dmitry Medvedev.
FT - A French government commission has called for improvements in the safety of the country’s nuclear power plants, including their ability to withstand terrorist attack, putting further pressure on state-backed power utility EDF.
IEA - “Nuclear power is continuing to play an important role in electricity security along with other conventional generating technologies,” said IEA Executive Director Dr Fatih Birol in his opening remarks. “Despite this, with current policies there is little prospect for significant growth for nuclear power in developed economies on the horizon – although there are new efforts to spur innovations that could change this picture.”
WNN - A new basic energy plan that sets goals for Japan's energy mix to 2030 and presents scenarios to 2050 was today approved by the Cabinet. Under the plan, nuclear will remain a key energy source, accounting for 20-22% of the country's electricity generation up to 2030.