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Russia signed a cooperative agreement on nuclear power with the United Arab Emirates Monday, as the middle eastern nation commits to building four new reactors by 2020 and continues to pique the interest of nuclear manufacturers around the world. In 2009, the UAE awarded a $20.4 billion contract to a...

With an eye to components manufactured in America, the Export-Import Bank of the United States recently approved a $2 billion direct loan toward the construction of four reactors in the United Arab Emirates. The official U.S. export credit agency will underwrite the purchase of equipment and services...

The Emirates Nuclear Energy Corporation (ENEC) announced today the results of the nuclear fuel procurement competition launched in July 2011. The goal of the fuel competition is to create a strategy to cover supply for the first 15 years of operations. A portfolio of leading international nuclear...

The United Arab Emirates granted the first construction permit for a commercial nuclear plant in an Arab country Wednesday, greenlighting a project planned to encompass four reactors producing 5.6 gigawatts. The Middle Eastern government's Federal Authority for Nuclear Regulation granted a permit...

State-run Korea Hydro & Nuclear Power Co. - a subsidiary of Korean Electric Power Co. (KEPCO) - held a ceremony today in Uljin to commence building on two new nuclear reactors that use locally made components for all their critical systems, the government said. President Lee Myung Bak attended the...

South Africa, which currently hosts Africa’s only nuclear power plant at Koeberg power station, has developed an Integrated Resource Plan (IRP) that sees it building at least six more reactors at three or four sites by 2030 and spending a minimum of $38 billion on the project. As these plans...

The CEO of Korea Electric Power Co. has said the company is in talks to potentially double the number of reactors it will build in the United Arab Emirates. A KEPCO-led consortium of Korean Companies is already planning to start work this year on a $20.4 billion plant that will eventually be home to...

South Korea consortium Kepco has shortened the construction schedule for the Abu Dhabi nuclear plant by four months, resetting the projected completion date to July 2017. The first concrete is now expected to be poured this July. The change reflects the company's efforts to bring equipment and...

The head of Poland’s largest power utility has said the company will begin taking bids for the country’s first nuclear plant in the coming weeks. Reuters quoted Polska Grupa Energetyczna SA chief executive Wojciech Ostrowski as saying it will tender bids within two months. The company has...

EnergySolutions, an international nuclear services company, has been awarded a four-year contract to design and supply waste management systems for the UAE nuclear energy program. The company will supply liquid waste processing equipment, including ion exchange and reverse osmosis systems, which will...

KWN, a company jointly owned by Westinghouse Electric Company and KEPCO Nuclear Fuel, has begun production of control element assemblies (CEAs) for Combustion Engineering-designed nuclear plant customers worldwide. The first order of 56 CEAs will be delivered in February 2012 to the Yonggwang Nuclear...

- Edited By Chris Reed - The Emirates Nuclear Energy Corporation (ENEC) announced the filing of the roughly 9,000 page regulatory construction license application on Monday. It awarded a contract worth $20 Billion to a Korean consortium led by Korea Electric Power Corporation a year ago. ENEC plans...

"This project continues Bechtel's tradition of working on first-of-its kind projects around the world," said Carl Rau, president of Bechtel's nuclear division. - Edited By Tom Lamar - Bechtel will provide design and project management support services for the first commercial...

"This week's talks went well, and the target of the two countries is to sign the inter-governmental agreement during the G-20 summit in Seoul in mid-November," said one source. - Edited By Chris Reed - According to a news report,Turkey and South Korea are planning in mid-November...

Mr Ramon Ang president of SMC said that the company is looking at nuclear power as part of the company's generation portfolio over the long term period. - Edited by April Murelio - Manila Standard Today reported that diversifying San Miguel Corporation has expressed interest to go into the...

Following a report on the health of France's nuclear sector, President Nicolas Sarkozy's government called for closer coordination between the companies to offset recent losses of contracts to Asian rivals like Korea. - Edited by April Murelio - According to a report by France24.com, the...

In January 2008, Fission entered into an earn-in agreement with a group led by Korea Electric Power Corporation under the newly created Korea Waterbury Uranium Limited Partnership (the "KEPCO Consortium"), for the joint development of the Waterbury Lake Property in the Athabasca Basin. The...

Seoul's Ministry of Education, Science and Technology says that that a consortium led by Korea Electric Power Corp. and comprised of 13 local companies, including POSCO and STX Heavy Industries Co., will inject 100 billion won (81.8 million U.S. dollars) into a project to complete design work and...

Turkey already has deals in the works with Russia and South Korea and is also open to other proposals for construction and finance of the nuclear power plant, and will assess if new proposals came from other countries - By Stephen Heiser - According to the Turkish energy minister, Turkey is working...

The deal lays the foundation for the two countries to work together to build a new Korean type of nuclear power plant, the APR1400. Turkey is still open to partnering with other companies from other nations - By Linton Levy - The Korea Electric Power Company (KEPCO) and the Turkish state power...

The WNA Nuclear Energy Index℠ (TICKER: WNAI) will add three new constituents, effective 6:00 PM (EDT) Sunday, March 21, 2010. Two stocks will be deleted from the index, changing the number of index components to 65. The changes result from the quarterly rebalancing of the index. - Edited by Linton...

“The Korean government is very interested in the outcome of their discussions, which I hope will proceed smoothly. I would like to express the government’s full support for their business activities.” - By April Murelio - The Korean government has taken an official stance on a...

Under the terms of the agreement, KEPCO will take an indirect 10 % stake in the Imouraren SA mining company, jointly owned by AREVA and the Nigerien state - By Linton Levy - AREVA CEO Anne Lauvergeon and Ssang-Soo Kim, CEO of the Korea Electric Power Corporation (KEPCO), met in Paris to sign an...

South Korea aims to be the third-largest exporter of nuclear power plants and wants to account for 20% of the world's new nuclear power construction projects by 2030 - By Linton Levy - South Korea is likely to win the bid for building two nuclear power plants in Sinop of Turkey, Yonhap News...

The government said that along with private entities, it would invest a total of 400 billion won ($355.7 million) in research and development, between 2011 and 2017, to improve domestic nuclear reactor technology - By April Murelio - The South Korean government has said that it is targeting a 20...