Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.
Showing posts with label Cameco. Show all posts
Showing posts with label Cameco. Show all posts

Thursday, December 30, 2010

China Guangdong Nuclear Plans Two Reactors in Lufeng in Southern Province

Guangdong Nuclear to develop 2 reactors in China
China Guangdong Nuclear Power Group will construct two 1,000-megawatt reactors in Lufeng, China, to help cover the increasing demand for power in Guangdong province. The company is also carrying out studies for 25 reactors with more than 28,000 megawatts of capacity. Bloomberg
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Wednesday, December 22, 2010

Foreign uranium to feed 60 pct of China nuclear sector-research

China may need foreign uranium supply by 2020
China may depend on a foreign supply to secure at least 60% of the uranium needed for its power plants by 2020, researchers said. The country initially set a goal of 40 gigawatts of nuclear generating capacity, but it is considering doubling the value to achieve emissions-reduction goals. If this happens, China would need to boost investments and increase local production capacity because the supply is enough for only the 40-gigawatt target, the study suggests. Reutershttp://af.reuters.com/article/energyOilNews/idAFTOE6BK02620101221
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Thursday, December 9, 2010

China & India's Nuclear energy plans to drive global Uranium demand

Australia, Canada, Namibia wait in the wings as India's nuclear market is projected to grow to around $40 billion by 2020 with 18 new nuclear plants planned before 2020http://www.mineweb.com/mineweb/view/mineweb/en/page72103?oid=116592&sn=Detail&pid=102055
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Thursday, November 25, 2010

China prepares to export reactors

http://www.world-nuclear-news.org/NN-China_prepares_to_export_reactors-2511101.html
Starting from French reactors imported in the 1980s, Chinese engineers have developed their own large reactor systems to the point that exports appear possible from 2013.

Zhang Shanming, president of China Guangdong Nuclear Power Corporation (CGNPC), revealed the company's future export potential to delegates at the China International Nuclear Symposium, organised in Beijing this week by the World Nuclear Association and China Nuclear Energy Association.

Having imported two 900 MWe pressurized water reactors for the Daya Bay nuclear power plant, CGNPC engineers embarked on a development program that led to the CPR-1000 design. The first of these began operation at Ling Ao Phase II in September, while 16 are under construction and many more planned. A domestic supply chain has been built up with each project and now only about ten percent of components need to be imported.

By 2013, Zhang said, a further design evolution will clear certain areas of intellectual property retained by Areva, resulting in a Generation III design called the ACPR-1000 that CGNPC could market in other countries.

The current CPR-1000 design sits roughly between today's mainstream Generation II reactors and the latest Generation III units, with digital instrumentation and control systems and a design life of 60 years. Standard construction time is 52 months, and the unit cost for Chinese units so far has been under CNY 10,000 ($1500) per kilowatt.
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Thursday, November 18, 2010

China diversifies sources of uranium as nuclear power industry grows

TIANJIN, Nov. 18 (Xinhua) -- China is diversifying its sources of uranium to meet the rising demand in developing the nuclear power industry.
"Exploration and exploitation of domestic uranium will be prioritized for the country's mid- and long-term development of nuclear power," said Lu Xiaoming, director of the Nuclear Fuel Division of the China Atomic Energy Authority, at the China Mining Conference and Expo in north China's port city of Tianjin Thursday.
"We should rely on our own resources to acquire uranium," said Lu. "We will intensify our geological survey efforts to have a clear understanding of uranium resources, and bring technical innovation to the exploration and exploitation of uranium for greater efficiency."
China has accelerated the construction of nuclear power plants in recent years as the government seeks to readjust the country's energy mix to protect the environment for sustainable development.
When used in the civilian sector to fuel nuclear power plants, one kilogram of uranium-235 can theoretically produce as much energy as 3,000 tonnes of coal. More at:

http://news.xinhuanet.com/english2010/business/2010-11/18/c_13612126.htm
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Wednesday, November 17, 2010

When Uranium Outshines Gold

 EARLIER this month, Global X Funds of New York announced plans for two exchange-traded funds — one for gold stocks, the other, uranium. Initially, Bruno del Ama, its chief executive, figured he knew which would capture the market’s attention. After all, gold prices have surged in recent months.
As it transpired, he guessed wrong. Global X’s Uranium E.T.F. — with holdings in companies like the Cameco Corporation, Paladin Energy and Uranium One — was a hit as soon as it went on sale Nov. 9, with early trading volume outpacing Global X’s gold E.T.F. by five to one. “I’m in shock, to be honest,” he said. More at:
http://www.nytimes.com/2010/11/17/business/energy-environment/17FUND.html?src=busln
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