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Vietnam's National Assembly Approves Agreement for Ninh Thuan 1 Nuclear Power Project

Vietnam's National Assembly on August 24 approved agreements related to the Ninh Thuan 1 Nuclear Power Plant project at the first extraordinary session of the 16th National Assembly, advancing the country's first commercial nuclear power project into a new preparatory phase. The project plans to build two Russian-designed VVER-1200 pressurized water reactor units with a total installed capacity of approximately 2,400 MW. The Vietnamese government news website reported that Vietnam and Russia signed an intergovernmental agreement in Moscow in March this year, establishing a framework for cooperation on the construction of the Ninh Thuan 1 Nuclear Power Plant. Under the current plan, Russia will participate in the supply and construction of the project. On the same day, the National Assembly also voted to pass a resolution to split the original Ninh Thuan nuclear power project into three independent projects, namely Ninh Thuan 1...

2026-08-25

Kazakhstan's Kazatomprom Says the Era of "Cheap Uranium" Is Fading

Meirzhan Yussupov, CEO of Kazakhstan's national atomic company Kazatomprom, said during a semi-annual financial results conference call that the global uranium market is entering a new supply-demand phase and the era of cheap uranium is fading. The company also disclosed arrangements for natural uranium concentrate trading and the latest updates on the delay of the TQZ sulfuric acid plant project. Yussupov said that 38 countries worldwide have signed commitments to support tripling nuclear power capacity by 2050, with these countries collectively accounting for more than 70% of global GDP. In his view, nuclear energy development has moved beyond policy discussions and entered the stage of actual deployment...

2026-08-25

Madouela Uranium Project Rights in Niger Re-Secured

Atomic Eagle Limited has reached a new mining agreement with the Republic of Niger to re-secure the rights to the Madouela uranium project. The project is located in Niger, and its mining rights were revoked in 2024 from the previous holder, GoviEx Uranium Inc. Phil Hoskins, CEO of Atomic Eagle Limited, stated that re-acquiring the Madouela mining rights will significantly expand the company's resource base and add a more advanced-stage uranium project to its portfolio. He noted that Madouela is a large-scale, high-grade uranium project with substantial historical...

2026-08-25

Three units at Hungary's Paks Nuclear Power Plant return to full-capacity operation

Of the four units at Hungary's Paks Nuclear Power Plant, three have returned to full-capacity operation, and grid connection work for Unit 4 is also progressing as planned. Hungarian authorities stated that all eight pumping systems at the plant are now in operation, with total generating capacity expected to approach 2,000 megawatts within two days. Previously, three units at the Paks plant were temporarily shut down due to declining water levels in the Danube River, which serves as a vital water source for the plant's cooling system. To improve water intake conditions, Hungary constructed a temporary weir in the river section near the Paks plant, using thousands of tons of rock and crushed stone during construction, with military engineering units also participating in the operations. The Paks Nuclear Power Plant is located approximately 100 kilometers south of Budapest on the banks of the Danube...

2026-08-25

South Korea Reviews Plans for New Nuclear Units and 20-Year License Extensions

The South Korean government is reviewing plans to build new nuclear power units and extend the operating license periods of existing nuclear plants to address mid- to long-term electricity demand growth driven by semiconductor industry clusters in Yongin and the Honam region. The Ministry of Climate, Energy and Environment submitted a written response to the National Assembly on the 24th, stating that during the revision of the 12th Basic Plan for Electricity Supply and Demand, it will review whether to include new nuclear power plants in the plan, taking into account factors such as electricity supply-demand necessity, construction schedules, regional acceptance, and suitability of nuclear plant sites. The ministry stated that after the draft of the relevant work is published, it will also undergo procedures including National Assembly deliberation, public hearings, strategic environmental impact assessment, and climate change impact assessment.

2026-08-25

South Korea denies rumors of joint investment with U.S. in Westinghouse Electric

In response to external claims that the United States proposed South Korea jointly invest in Westinghouse Electric Company, the South Korean government recently responded, stating that such claims are not true. According to a South Korean government source revealed on August 24, the Ministry of Trade, Industry and Energy (MOTIE) and Korea Electric Power Corporation (KEPCO) were reportedly evaluating a plan to jointly acquire a partial stake in Westinghouse Electric Company (WEC) with the U.S. government. The related claims stated that the investment scale and shareholding ratio had not yet been determined, and the plan might involve establishing a special purpose vehicle through joint South Korea-U.S. funding to acquire shares and participate in subsequent U.S. nuclear power plant construction projects.

2026-08-25

Expansion Project Advances at Centrus Energy's Uranium Enrichment Facility in Piketon, Ohio

Centrus Energy said on August 24 that Ohio Governor Mike DeWine, Lieutenant Governor Jim Tressel, JobsOhio CEO J.P. Nauseef, along with state, federal, and local stakeholders, visited the company's uranium enrichment facility in Piketon, Ohio, to discuss the development of the U.S. domestic nuclear fuel supply chain and Ohio's role in it. In September 2025, Centrus Energy announced a multi-billion-dollar expansion of the Piketon uranium enrichment plant. Currently, the expansion...

2026-08-25

Belarus and Russia Approve Program to Address Chernobyl Accident Consequences

The Council of Ministers of the Union State of Belarus and Russia recently approved a new Union State program to jointly carry out work from 2026 to 2030 to address the long-term negative consequences of the Chernobyl Nuclear Power Plant accident. According to the resolution published on the website of the Permanent Committee of the Union State, the total funding for the program is set at 1,998.321 million Russian rubles, with funds sourced from the Union State budget. Of this amount, Russia's maximum contribution is 1,297.9904 million Russian rubles, while Belarus's maximum contribution is 700.3306 million Russian rubles. The program will support joint actions by the two countries in managing the consequences of the Chernobyl nuclear accident...

2026-08-25

Australia Plans Nuclear Submarine Maintenance Dockyard in Western Australia

Australian Defence Minister Richard Marles said Australia plans to build a dockyard in Western Australia by the early 2030s to maintain U.S. Virginia-class nuclear-powered submarines. Marles said at a joint press conference with Australian Prime Minister Anthony Albanese that Australia needs to complete a backup dockyard by the early 2030s to commence maintenance work on Virginia-class submarines. The Australian government confirmed on August 24 that the new defence complex will be located in Henderson, Western Australia. Under the trilateral security partnership between Australia, the United Kingdom, and the United States...

2026-08-25

"Beita Tianyuan Industry-Academia-Research Innovation Demonstration Base" Inaugurated at the College of Nuclear Science and Technology, Harbin Engineering University

On August 19, Professor Li Ruo, Deputy Dean of the School of Mathematical Sciences at Peking University and Chief Scientist of Beita Zhenhuan, Liao Hanqing, General Manager of Beita Zhenhuan, and Yao Ling, Deputy General Manager of Kylin Software Co., Ltd., visited the College. Dean Tan Sichao, Cong Jianwei, Director of the University's Informatization Office, and Professor Shen Jihong from the School of Mathematical Sciences attended the meeting, which was chaired by Deputy Dean Li Lei. All parties held discussions on the in-depth application of domestic scientific computing software in the nuclear energy field, adaptation of domestic operating systems, interdisciplinary integration of mathematics and nuclear science, and collaborative talent cultivation, and jointly inaugurated the Beita Tianyuan Industry-Academia-Research Innovation Demonstration Base. During the discussion, the participants conducted in-depth exchanges on the coupling of complex multi-physics fields in nuclear energy systems...

2026-08-25

Northeast Regional Office of the Ministry of Ecology and Environment Conducts Construction Quality Dialogue for Xudabao Nuclear Power Plant

Recently, the Northeast Regional Office of Nuclear and Radiation Safety Supervision of the Ministry of Ecology and Environment (hereinafter referred to as the Northeast Office) held a construction quality dialogue with CNNC Liaoning Nuclear Power Co., Ltd. (hereinafter referred to as the Operating Unit) for the Xudabao Nuclear Power Plant, aiming to promote the implementation of nuclear safety responsibilities and ensure the effective operation of the quality assurance system. China National Nuclear Power Co., Ltd. and relevant construction participating units attended the event. The dialogue reviewed the Operating Unit's presentation on quality issues related to nuclear safety-related structures, systems, equipment, and design, systematically identified management shortcomings, analyzed root causes, and developed improvement measures. The Northeast Office pointed out that construction quality issues reflect that various units still have inadequacies in fulfilling nuclear safety responsibilities and quality assurance responsibilities, with insufficiently effective transmission of responsibility pressure. All units must deeply recognize that the Xudabao Nuclear Power Plant is at a critical stage with two reactor types and four units under simultaneous construction, where civil construction, installation, and commissioning tasks overlap, marking a high-risk period for construction quality. The primary nuclear safety responsibility of the Operating Unit must be firmly consolidated, and the corresponding nuclear safety responsibilities of all units must be reinforced.

2026-08-24

Kansai Electric Power Launches Two Joint Research Projects for Nuclear Power Plant Decommissioning

Kansai Electric Power Co., Inc. announced on August 24 that it has completed the selection of joint research projects related to nuclear power plant decommissioning for fiscal year 2026, choosing two proposals from previously solicited research plans, and signed joint research contracts and commenced research activities on the same day. The projects target research on products and technologies applicable to decommissioning operations at Kansai Electric Power's nuclear power plants. The company solicited research proposals to be implemented from fiscal year 2026 between March 16 and April 30, 2026, with a focus on improving the safety and efficiency of dismantling operations, reducing radioactive waste, and supporting local companies in developing related products and technologies. Selected projects...

2026-08-24

Kyoto Fusioneering Completes 25.72 Billion Yen Series D Funding Round

Japanese fusion startup Kyoto Fusioneering announced on August 24 that it has completed the first closing of its Series D funding round, with total financing of 25.72 billion yen. Of this amount, equity financing totaled 16.72 billion yen and debt financing totaled 9 billion yen, with the debt portion comprising credit lines and loan facilities. With this, the company's cumulative equity financing has reached 32.98 billion yen. Following this funding round, Kyoto Fusioneering is valued at approximately 120 billion yen, a significant increase from its pre-funding valuation, making it the first startup in Japan's fusion sector to exceed a valuation of 100 billion yen. The company has previously secured contracts exceeding 14 billion yen cumulatively in markets such as North America and Europe, and has set a short-term sales target of approximately 10 billion yen.

2026-08-24

Iran Says Its Atomic Energy Organization's Medical Products Serve Over 1.5 Million Patients Annually

Mohammad Eslami, head of the Atomic Energy Organization of Iran, recently stated that more than 1.5 million patients in Iran use diagnostic and therapeutic products developed by the organization each year, and related medical products have also been exported to multiple countries. Eslami made these remarks at a ceremony held by Iran's nuclear industry to celebrate Physicians' Day. He said that promoting the application of advanced treatment methods is one of the key directions of Iran's scientific and technological development. The progress made by Iranian researchers in cold plasma technology has opened up a "brand-new and promising path" for medical applications. He stated that plasma technology has not only achieved notable results in the research field but has also played a role in healthcare settings.

2026-08-24

Ukrainian Foreign Minister and IAEA Director General Discuss Zaporizhzhia Nuclear Power Plant Safety in Phone Call

Ukrainian Foreign Minister Andrii Sybiha said on August 22 that he had a phone call with International Atomic Energy Agency (IAEA) Director General Rafael Grossi, during which the two sides focused on the current nuclear safety situation in Ukraine, particularly the safety status of the Zaporizhzhia Nuclear Power Plant. Sybiha stated that the Zaporizhzhia Nuclear Power Plant is currently under Russian control, and the related military presence remains a major source of nuclear safety risk. The two sides exchanged views on issues related to the plant and emphasized the need for close coordination based on respect for Ukraine's sovereignty and international law. Sybiha also noted that he values Grossi's personal engagement in relevant matters, as well as...

2026-08-24