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Japan's Chugoku Electric Power swings to loss in FY2026 Q1 as nuclear shutdown raises costs

Japan's Chugoku Electric Power Co. announced its consolidated financial results for the first quarter (April-June) of fiscal year 2026 on July 31. During the reporting period, the company's sales increased 4.4% year-on-year to 343.9 billion yen, up 14.3 billion yen from the same period last year, mainly driven by growth in electricity sales volume. Profit performance, however, came under significant pressure. The company posted an operating loss of 5.3 billion yen, an ordinary loss of 3.2 billion yen, and a net loss of 3.7 billion yen for the first quarter, compared with a net profit of 26.8 billion yen in the same period last year, a year-on-year decrease of 30.5 billion yen. This marks the first time since the first quarter of fiscal year 2022 that the company has recorded simultaneous losses in operating profit, ordinary profit, and net profit over a four-year period. The company stated...

2026-08-02

Hungary's Paks Nuclear Power Plant Faces Full Shutdown Due to Record Low Danube Water Level

Affected by persistent drought and high temperatures, the water level of the Danube River at the Budapest section dropped to 23 cm (fixed datum reading, a record low), restricting cooling water intake at the Paks Nuclear Power Plant. Starting Wednesday, July 29, Unit 3 was the first to be shut down; the operator, MVM Paks Nuclear Power Plant Ltd, subsequently stated on its official website that all four units would inevitably be disconnected within the next 24 to 72 hours, with power generation coming to a complete halt. MVM explained that the existing water volume of the Danube is still sufficient to cool the reactors, but the intake pumps can no longer draw water because the riverbed is exposed and the pump inlets are too far from the water surface—an equipment failure rather than an absolute shortfall in cooling water volume. To this end, the Hungarian side deployed 4 pumping barges and 2 floating cranes near the plant as an emergency measure, but with water levels expected to continue falling, a preventive full shutdown remains unavoidable.

2026-07-31

China Fusion Energy Co., Ltd. Holds 2026 Mid-Year Work Conference and Semi-Annual Economic Operation Analysis Meeting

On July 29, China Fusion Energy Co., Ltd. (hereinafter referred to as China Fusion or the Company) held its 2026 mid-year work conference and semi-annual economic operation analysis meeting to thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and all previous plenary sessions, earnestly implement the spirit of the 2026 mid-year Party Leadership Group (Enlarged) Meeting of China National Nuclear Corporation, solidly advance the study and education on establishing and practicing a correct view of political achievements, comprehensively summarize the progress and effectiveness of the Company's operations and reform and development in the first half of the year, study and deploy work for the second half of the year, continuously promote the "Pursuing Excellence · Breaking New Ground through Reform" annual special action, and strive for a high-quality start to the 15th Five-Year Plan period. The Company's Party Secretary and Chairman, and the Party Secretary of the Southwestern Institute of Physics (hereinafter referred to as SWIP)...

2026-07-31

North China Regional Office of Nuclear and Radiation Safety Supervision, Ministry of Ecology and Environment, Conducts On-Site Supervision of Main Pump Shaft Design and Manufacturing at Shanghai Electric KSB Nuclear Pump and Valve Co., Ltd.

To continuously enhance the localization quality of active equipment such as main pumps and the effectiveness of key technology improvements, the North China Regional Office of Nuclear and Radiation Safety Supervision (hereinafter referred to as the North China Office) of the Ministry of Ecology and Environment recently conducted on-site supervision of the wet winding main pump shaft design and manufacturing activities at Shanghai Electric KSB Nuclear Pump and Valve Co., Ltd. This supervision focused on the quality reliability of design improvement measures for main pumps, conducting detailed inspections on the standardization of design change processes, verifying key processes such as material acceptance, heat treatment, and hot sleeve assembly, with particular attention to the correlation between improvement measures and root cause analysis, the effectiveness of improved processes, and the compliance of various inspection and test results. It also required...

2026-07-30

CGN Nuclear Technology Development Co., Ltd. (CGNNT) Personnel Adjustment

On July 29, CGNNT issued an announcement stating that the company received a written resignation report submitted by Mr. Deng Xuefei, Deputy General Manager of the company, on July 28. Due to work adjustments, Mr. Deng Xuefei applied to resign from the position of Deputy General Manager and will no longer hold any position in the company after resignation. According to the relevant provisions of the Company Law and the Articles of Association, Mr. Deng Xuefei's resignation report shall take effect from the date it is delivered to the company's board of directors, and his original term of office was scheduled to end on the date of expiration of the term of the 11th Board of Directors...

2026-07-30

"AI Empowers Anti-Counterfeiting in Safety, Quality, and Environment Fields" — Huang Chuangtao, Engineer, CGN Intelligent Technology (Shenzhen) Co., Ltd.

On November 14, 2025, Huang Chuangtao, an engineer from CGN Intelligent Technology (Shenzhen) Co., Ltd., delivered a keynote report titled "AI Empowers Anti-Counterfeiting in Safety, Quality, and Environment Fields" at the AI + Nuclear Energy Innovation Application Industry-Economy Roadshow of the Shenzhen Nuclear Industry Expo. The report introduced the application achievements of using AI to enhance anti-counterfeiting for certificates, qualifications, and quality certification documents in the nuclear power industry. The system employs a layered architecture, multimodal recognition, collaboration between large and small models, and dual verification via QR code links to identify deep counterfeiting, such as simultaneous forgery of certificate content and websites. This solution has completed the verification of over 7,000 certificates, intercepted 17 cases of counterfeiting, and plans to build a traceable quality trust system combined with blockchain. Key points: 1. ...

2026-07-29

China Energy Engineering Group Guangdong Thermal Power Engineering Co., Ltd. Wins Bid for CGNPC San'ao Nuclear Power Supporting 220 kV Transmission EPC Project

On July 28, China Energy Engineering Group Guangdong Thermal Power Engineering Co., Ltd. announced that it has recently won the bid for the EPC general contracting project of the 220 kV transmission line from Liulong Substation to Hengyang Substation under the CGNPC CS Project. This project is part of the nuclear power supporting infrastructure construction and an important component of the 220 kV construction and auxiliary power lines within the San'ao Nuclear Power Plant.

2026-07-29

A delegation led by Dai Minmin of Shanghai State-owned Capital Investment Co., Ltd. visited the fusion research facility for a fact-finding and exchange visit.

July 22, 2026, marked the first anniversary of the official establishment of China Fusion. A delegation led by Dai Minmin, Deputy Party Secretary and President of Shanghai State-owned Capital Investment Co., Ltd. (hereinafter referred to as Shanghai State

2026-07-27

Vietnam and Japan Plan to Strengthen Cooperation on Small Modular Reactor Technology Research

On the afternoon of July 22, Le Xuan Dinh, Deputy Minister of Science and Technology of Vietnam, met with a delegation led by Kiyoki Soramoto, President and CEO of the International Energy and Technology Development Support Organization (IETDSO). During t

2026-07-23