Westinghouse Electric, the US nuclear unit of the Japanese firm Toshiba, has been acquired by the Canadian asset manager Brookfield Business Partners in a deal valued at about $4.6 billion.
Areva and EDF have signed binding agreements detailing the terms of the sale of New NP, Areva NP’s nuclear reactor operations.
Hitachi and Hitachi-GE Nuclear Energy have announced that the UK ABWR has successfully completed the UK Nuclear Regulators’ Generic Design Assessment (GDA) process within the target period of five years.
The New York Independent System Operator (NYISO), the grid operator for New York state’s power grid, has said in a report that the state will have enough electricity after the closure of two reactors at the Indian Point nuclear power plant in 2020 and 2021.
South Korea’s Korea Electric Power Corporation (Kepco) has won preferred bidder status for Toshiba’s NuGen, the business developing the Moorside nuclear project in Cumbria, UK.
The UK Government is expected to fund development of the first generation of small modular reactors (SMRs) in Britain later this week, with up to £100 million being made available.
India has moved closer to signing a tripartite Inter-Government Agreement (IGA) involving Russia and Bangladesh for Rooppur Nuclear Power Plant near Dhaka, Bangladesh.
China General Nuclear Power Corporation has confirmed its investment in the UK’s nuclear industry as Britain’s nuclear regulator began the second stage of the process to assess China’s HPR1000 reactor.
Bill Gates’ nuclear firm TerraPower and the China National Nuclear Corporation have signed an agreement to develop a world-first nuclear reactor, one that uses the waste of other nuclear reactors as fuel.
South Korean companies will bid to take part in Saudi Arabia’s project to build nuclear plants, according to an official from Korea Hydro and Nuclear Power (KHNP).