Finnish utility Teollisuuden Voima Oyj (TVO) has signed a ten-year EUR65 million (USD74 million) loan agreement with the Nordic Investment Bank to finance safety system upgrades at units 1 and 2 of its Olkiluoto nuclear power plant.
Kaiga unit 1 has set a new world record for continuous operation of a nuclear power reactor of any type. The pressurised heavy water reactor (PHWR) has now completed 941 unbroken days of operation since 13 May 2016.
All energy sources, including renewables, nuclear and high efficiency fossil fuel with carbon capture and storage, must be considered along with new business models and significant improvements in energy efficiency and productivity to ensure that the energy needed for sustainable development is available and affordable.
The European Commission has today adopted a strategic long-term vision for a "prosperous, modern, competitive and climate neutral economy" by 2050.
Nuclear must continue to account for at least one-quarter of the European Union's energy mix if the region is to meet its 2050 emission targets, a report commissioned by Foratom has concluded.
Poland plans to develop nuclear energy as part of its future energy system, according to Krzysztof Tchórzewski, the Polish Minister of Energy, because it is low-cost, low-carbon and creates high-value jobs. The Minister was speaking at the inaugural World Nuclear Spotlight Poland conference in Warsaw – a high-level event which brought together Polish decision makers and global nuclear industry leaders and stakeholders.