Rosatom postpones fast reactor project, report says

14/08/2019 08:48 Nuclear

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Rosenergoatom, the nuclear power plant operator subsidiary of Russian state nuclear corporation Rosatom is expected to receive about RUB280 billion (USD4 billion) less in state funding for the construction of new nuclear reactors in Russia owing to the postponement of its fast neutron reactor programme, Russian newspaper Kommersant reported last week, citing anonymous sources.

Rosatom's investment plan received preliminary approval during a meeting in the Russian Energy Ministry on 2 August with funding out to 2035 to total RUB880 billion and not the RUB1.16 trillion Rosatom had allocated for the two new VVER-1200 units under construction for the Kursk II project, units 3 and 4 for the Leningrad II project and a BN-1200 fast reactor at Beloyarsk. Commissioning of the BN-1200 has been postponed to 2036, the article said, from the previous target of 2027.

 

Financing to pay for the new units will be paid back over 20 years, with an average rate of return on investment of 10.5% per year, the article said. Rosatom is prepared to consider a lower rate of return, it added.

Source: world-nuclear-news.org

Daily (16.09.2019): NBP spot soared by over 13% on Friday amid higher demand after official order to cut Gazprom’s flows

16/09/2019 11:55:00

Crude oil prices traded lower on Friday, amid worries over global economic slowdown and thinner oil demand. WTI futures fell by 0.4% to $54.85 a barrel, while Brent crude edged 0.3% down at $60.22 a barrel, heading for the first weekly fall in three and five weeks respectively. Nevertheless, crude prices are expected to spike after a drone attack on two Saudi Aramco oil facilities on Saturday, which slashed by 50% Saudi Arabia’s oil output, or the equivalent of 5% in the global oil supply.

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EBRD extends renewable energy programme for Kazakhstan

16/09/2019 09:27:00

The EBRD is pledging fresh funds to support Kazakhstan’s drive as a regional leader to promote renewable energy, with the help of a second phase of the Bank’s Kazakhstan Renewables Framework of up to €300 million, the Bank reported.

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Germany's Notus to add 270 MW wind capacity in Ukraine

16/09/2019 09:24:00

Germany-based Notus Energy Group intends to build 270 MW of wind parks in Ukraine that will kick off operations by 2021, it said last week.

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