News

Cameco will supply 29 million pounds of uranium concentrate to CGNPC under a long-term agreement through 2025. China Guangdong Nuclear Power Holding Co., Ltd. or CGNPC, China's largest clean-energy enterprise, operates three nuclear power stations and has the largest number of nuclear power plants under construction in the world. CGNPC indicates it has about 17,000 megawatts of nuclear capacity under construction and expects to have over 50,000 MW on line by 2020. "This long-term supply agreement with China Guangdong Nuclear Power is a significant step for our company in the world's fastest growing uranium market," said Cameco CEO Jerry Grandey. "China Guangdong Nuclear Power has 14 nuclear power units currently under construction and is commencing preliminary work on another nine units. This deal leaves us well positioned to serve the company's growing uranium requirements." Reports from China indicate the country plans to increase its nuclear capacity from the current 11 gigawatts (GW) to at least 80 GW by 2020. A further increase to 120-160 GW or more is planned by 2030. "This agreement is further evidence that our plan to double uranium production by 2018 aligns well with China's remarkable nuclear reactor construction program," added Grandey.

China’s nationwide power generation volume rose 14.9 percent year-on-year to 3.422 billion kilowatt hours in the first 10 months. The growth rate was up 11.7 percentage points year-on-year. According to Capital Vue citing the National Development and Reform Commission website, in the first 10 months, thermal power generation rose 14.4 percent year-on-year, with the rate of growth up 12.6 percentage points from a year ago. Hydropower generation rose 16.2 percent year-on-year, with the rate of growth up 8.1 percentage points year-on-year. Power generation in October rose 5.9 percent year-on-year to 332.9 billion kilowatt hours. The growth rate was down by 11.2 percentage points year-on-year. Thermal power generation fell 0.6 percent while hydropower generation gained 43 percent year-on-year. In the first 10 months, power consumption nationwide totaled 3.485 trillion kilowatt hours, including 84.1 billion kilowatt hours used by primary industries, 2.593 trillion kilowatt hours by secondary industries, 376.8 billion kilowatt hours by tertiary industries and 431.1 billion kilowatt hours by rural and urban households. Power consumption in October totaled 340 billion kilowatt hours.

The Sri Lankan government is eyeing a High Capacity Power Transmission Link in a joint venture with India.

ADB will extend $120 million in loans to Papua New Guinea for renewable energy facilities. The country suffers critical electricity supply gaps in provincial urban centers.

Four nuclear power plants are in the works in the Henan cities of Nanyang, Xinyang, Luoyang and Pingdingshan. This was revealed by Zhang Dawei, vice governor of Henan Province, according to the Global Times.

Chhattisgarh will get 50 per cent power from the NTPC's upcoming 4,000 MW coal-fired power plant in the Raigarh district.

Chugoku Electric Power Co would restart the 820-megawatt No.2 reactor at its sole Shimane nuclear plant around Dec. 2. Power generation is then expected to resume on Dec. 6.

Taiwan will have its first offshore wind farm in Changhua County, central Taiwan by 2013.

Energy Matters will sell 20 megawatts of solar panels in one of the largest single solar supply agreements in Australia.

AES Corporation will develop a 150MW wind project worth US$375 million in Pakistan’s Gharo Corridor.

Huadian Power has secured approval from the Development and Reform Commission to build two wind power projects in Hebei.

A contract has been signed for the construction of the second phase of the Tianwan nuclear power plant.

World Bank has allocated loans partly to help Indonesia build power plants.

TNB has been ordered to pay SEV US$11.6 million , the latter claimed as outstanding capacity payments. Segari Energy Ventures Bhd or SEV is a subsidiary of Malakoff Corp. Berhad.

Construction at the second unit of the Changjiang nuclear power plant in the province of Hainan has officially started.

TeaM Energy Corp. is in talks with San Miguel Aboitiz for a US 1.5-billion expansion program for the Sual and Pagbilao coal facilities.