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Australian company Aura plans to make final investment decision on Mauritania's Tiris uranium mine by year-end

Recently, Australian-listed company Aura Energy announced that its newly released feasibility study has confirmed the technical and economic viability of the Tiris uranium project in Mauritania, and the company plans to make a final investment decision (FID) by the end of 2026. The project is expected to require US$349.8 million in development capital, with annual uranium production of 1.8 million pounds after commissioning and a mine life of 26 years. It is understood that the Tiris uranium project is Mauritania's first uranium mine, with major approval procedures already completed, and the pilot plant at Bir Moghrein will begin processing ore in November to verify the process flow. Mauritania's Minister of Mines and Industry Eddy Ould Zeine stated that the government firmly supports the project's development, the state will hold a 15% interest and derive tax and employment benefits from it, regarding it as a cornerstone of the emerging national industry.

2026-10-21

Zhejiang Ziming Cryogenics Secures Investment from Two Major Central Energy SOEs to Scale Up Fusion Cryogenic Systems

Recently, Zhejiang Ziming Cryogenics Technology Co., Ltd. announced the completion of a new round of financing. This round brought together multiple institutions including the CNNC Science and Technology Innovation Fund under China National Nuclear Corporation and the Oriental Zhongying High-end Energy Equipment Fund managed by Dongfang Electric Group in partnership with Bank of China Asset Management, marking the capital market's strong recognition of the company's breakthroughs in bottleneck cryogenic technologies and engineering applications. Founded in 2022, Ziming Cryogenics has long been dedicated to the research and development of ultra-low temperature technologies and core equipment, specializing in complete cryogenic system solutions, high-capacity Stirling cryocoolers, ultra-low temperature precision control valves, and cryogenic pumps and fans. Currently, its kilowatt-class Stirling cryocoolers, covering...

2026-10-21

Malaysia's Worldwide Holdings Bhd Plans Investment Decision on Nuclear Power Project Within Five Years

Worldwide Holdings Bhd, a state-owned conglomerate of Selangor, Malaysia, is actively planning to play a role in Malaysia's future nuclear power development, closely aligning its strategic planning with Selangor's needs for stable electricity supply, enhanced local industrial capabilities, and expanded investment opportunities. The group's Chief Executive Officer Ahmad Zaki Ahmad Zainuddin stated that the preparatory work covers nuclear power plant site assessment, technology selection, and financing scheme evaluation, while simultaneously building professional capabilities spanning the entire project lifecycle from planning and construction to operation. Ahmad Zaki, at the Selangor International Business...

2026-10-18

Pre-Project Geotechnical Investigation Launched for Units 5 and 6 of Kakrapar Nuclear Power Station in India

Nuclear Power Corporation of India Ltd (NPCIL) announced that geotechnical investigations have officially commenced at the site of Units 5 and 6 of the Kakrapar Nuclear Power Plant in Gujarat, marking a key early-stage development milestone for these two indigenously designed 700 MWe Pressurised Heavy Water Reactor (PHWR) projects. Meanwhile, the Nuclear Fuels Complex is manufacturing steam generator tubes to support the fleet construction programme, and India's indigenous Small Modular Reactor programme has also reached an important...

2026-10-17

Czech Škoda JS Wins First Polish Nuclear Energy Order, to Invest About CZK 300 Million in Modernizing MARIA Research Reactor

Pilsen-based Škoda JS a.s., part of the Czech ČEZ Group, has recently won its first commercial contract in the Polish market. The company will invest approximately CZK 300 million to carry out a comprehensive modernization of the MARIA research reactor, which belongs to the Polish National Centre for Nuclear Research (NCBJ) and is located in Otwock, near Warsaw. Škoda JS spokesperson Karel Samec confirmed the deal to the Czech News Agency (ČTK), saying the company hopes to use this as an opportunity to further expand into the Polish nuclear power market and to secure a role as a core equipment...

2026-10-12

State Power Investment Corporation and Shanghai Electric Hold a Working Meeting

On September 10, Liu Mingsheng, Secretary of the Party Leadership Group and Chairman of State Power Investment Corporation (SPIC), held a meeting with Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric, and Zhu Zhaokai, Deputy Secretary of the Party Committee and President of Shanghai Electric, at SPIC headquarters to exchange views on further deepening strategic cooperation. Jin Xiaolong and Jia Tinggang, Members of the Party Committee and Vice Presidents of Shanghai Electric, and Chen Haibin and Liu Feng, Members of the Party Leadership Group and Vice Presidents of SPIC, attended the meeting. Wu Lei thanked SPIC for its long-term support and introduced Shanghai Electric's industrial development and energy equipment business. Liu Mingsheng expressed gratitude for Shanghai Electric's continued support and introduced SPIC's production and operations, scientific and technological innovation, and other aspects. The two sides focused on serv...

2026-09-11

Adjustment of External Directors at SPIC and Dongfang Electric

Upon study, Wang Wei, Ning Fushun, Wang Sen, and Lü Zhiren are appointed as external directors of State Power Investment Corporation Limited, while Liu Deheng and Nie Xiaofu no longer serve as external directors of State Power Investment Corporation Limited. Upon study, Li Baoqing, Gai Zhaoju, and Sheng Genghong are appointed as external directors of China Dongfang Electric Group Co., Ltd., while Huang Yongda, Zhang Cheng, and Su Wensheng no longer serve as external directors of China Dongfang Electric Group Co., Ltd. China Dongfang Electric Group Co., Ltd....

2026-10-09

Germany Launches Fusion Milestone Program: Plans to Invest €2.5 Billion to Support Fusion Companies Toward Commercialization

On October 7, 2026, the German Federal Agency for Breakthrough Innovation (SPRIND), on behalf of the German Federal Ministry of Research, Technology and Space (BMFTR), officially launched the Fusion Milestone Program. The program is an important component of Germany's High-Tech Agenda (HTAD), aiming to promote fusion startups and young companies from technology R&D toward demonstration power plant construction through funding support linked to technological progress and commercialization outcomes, further shortening the distance from laboratory research to commercial application of nuclear fusion. According to the program arrangements, the German government will provide funding support through the Special Fund for Infrastructure and Climate Neutrality (SVIK), with plans to invest...

2026-10-09

Romania's National Nuclear Power Company Plans to Borrow EUR 800 Million from the European Investment Bank: Full Speed Ahead on the Refurbishment of Cernavodă NPP Unit 1

Romania's National Nuclear Power Company (Nuclearelectrica) recently submitted a disclosure to the Bucharest Stock Exchange (BVB), announcing plans to obtain a long-term loan totaling EUR 800 million from the European Investment Bank (BEI), earmarked to finance the Unit 1 Refurbishment and modernization project at the Cernavodă NPP. This major external financing plan has been placed on the agenda and will be formally submitted to shareholders for approval and deliberation at an extraordinary general meeting to be held from October 29 to 30, 2026. The European Investment Bank's Board of Directors had previously formally approved on July 15, 2026, an EUR 800 million credit facility for the project, which is...

2026-10-08

Indiana Launches "Nuclear Ready Communities Program" Applications: Promoting Clean Nuclear Energy Investment to Empower High-Tech Industry Development

Indiana Governor Mike Braun officially announced on Tuesday local time the opening of the application channel for the state's Nuclear Ready Communities Program. The policy aims to guide and assist local municipalities across the Hoosier State in establishing readiness mechanisms to accept advanced clean energy investment, attracting large nuclear power developers to locate there through upfront assessment and certification. Indiana officials position civilian nuclear energy as a core engine for driving future high-tech industry investment, building a resilient power grid, and providing local communities with low-cost, highly reliable electricity. As data centers...

2026-10-07

US and South Korea Advance $120 Billion Nuclear Power Investment Plan: First Batch of 8 Large Units' Sites Locked in Ohio and Three Other States

The joint US-South Korea strategic investment nuclear power project in the United States has achieved a key breakthrough. According to the latest disclosed information, the site selection for 8 large nuclear power units planned to be built on US soil has begun to take shape, with the project to be located in Ohio, Tennessee, South Carolina, and Kentucky. This is the first official disclosure of the proposed states since the announcement of this hundred-billion-dollar-scale nuclear energy investment plan. US Secretary of Commerce Howard Lutnick, during a recent US-South Korea strategic investment announcement event, systematically presented this massive nuclear power engineering blueprint to the public. Lutnick...

2026-10-02

Amazon Signs Long-Term Power Purchase Agreement to Support $3 Billion Investment: Calvert Cliffs Nuclear Power Plant Plans 190 MW Power Uprate and License Renewal Application

Constellation Energy and tech giant Amazon officially announced on September 30 the signing of a long-term Power Purchase Agreement (PPA). The agreement will fully support a major infrastructure upgrade investment exceeding $3 billion at the Calvert Cliffs Nuclear Power Plant in Maryland, with the core plan including a total 190 MW power uprate for two operating Pressurized Water Reactor (PWR) units. This 20-year PPA locks in a 690 MW power supply allocation, of which...

2026-10-03

The first concrete pouring for the nuclear island of Unit 2 of State Power Investment Corporation (SPIC) Guangxi Bailong Nuclear Power Project was successfully completed.

The first concrete pouring for the nuclear island of Unit 2 of SPIC Guangxi Bailong Nuclear Power Project was completed at 16:07 on September 30, after 69 hours and 40 minutes of continuous work. A total of 6,732.5 cubic meters of concrete was used for this pouring, marking another important milestone for the project after the FCD achievement for the nuclear island of Unit 1. Phase I of the Bailong Nuclear Power Project plans to build two CAP1000 nuclear power units. These two units adopt independently designed and domestically manufactured Generation III passive nuclear power technology, with each unit having a capacity of up to 1.25 million kilowatts. At present, Unit 1 has entered the construction and installation stage, and the steel containment vessel bottom head, CA20, CV1R, CA01...

2026-09-30

SPIC Holds Mobilization and Deployment Meeting on Further Deepening Reform

On September 29, SPIC held a mobilization and deployment meeting on further deepening reform in Beijing, to thoroughly study and implement General Secretary Xi Jinping's important expositions on the reform and development of state-owned enterprises and Party building, fully implement the decisions and arrangements of the CPC Central Committee and the State Council as well as a series of work requirements of the State-owned Assets Supervision and Administration Commission of the State Council, unify thinking, clarify tasks, and consolidate responsibilities, solidly advance the Group's new round of reform breakthroughs, and empower high-quality corporate development through reform. Liu Mingsheng, Secretary of the Party Leadership Group and Chairman of the Group, attended the meeting and delivered a speech; Tian Yongzhong, Director and Deputy Secretary of the Party Leadership Group, attended the meeting; Liu Feng, Member of the Party Leadership Group and Vice President, presided over the meeting; Group leaders Chen Haibin, Gao Boyu, and Yan Hang attended the meeting. The meeting pointed out...

2026-09-30

SPIC Holds a Symposium for Non-Party Representative Figures

On September 29, SPIC held a symposium for non-Party representative figures to thoroughly study and implement General Secretary Xi Jinping's important thought on doing a good job in the Party's united front work in the new era and the spirit of his important speech at the symposium with non-Party figures, to solidly advance the implementation of the decisions and arrangements of the CPC Central Committee on united front work and the relevant work requirements of the Party Committee of SASAC, and to contribute SPIC's strength to the advancement of Chinese modernization. Liu Mingsheng, Secretary of the Leading Party Members Group and Chairman of SPIC, attended the meeting and delivered a speech. Tian Yongzhong, Director and Deputy Secretary of the Leading Party Members Group, presided over the meeting. The meeting pointed out that General Secretary Xi Jinping's important thought on doing a good job in the Party's united front work in the new era provides the fundamental guideline for doing a good job in united front work on the new journey in the new era and for giving full play to the powerful magic weapon role of the united front.

2026-10-01