Proliferation Press

A webpage devoted to tracking and analyzing current events related to the proliferation of WMD/CBRN.

Proliferation Press Roundup: The Nuclear Energy Boom

Posted by K.E. White on February 2, 2008

The world’s energy are ensuring the proliferation of nuclear energy technology—suggesting an easier path for many nations to develop nuclear weapons. The deals will test the IAEA’s ability to foster nuclear cooperation, while ensuring dangerous materials remain safe and nations remain honest about their nuclear intentions. 

IAEA ElBaradei  talks nuclear energy cooperation with Egypt:

During his week-long visit to Egypt, ElBaradei is scheduled to meet with a number of senior officials on cooperation programs between the UN nuclear watchdog and Egypt in the field of peaceful use of nuclear energy, according to Egypt‘s official MENA news agency.

The IAEA chief will also meet with the Cairo-based Arab League Secretary General Amr Moussa, said MENA.

And America is cranking up its energy partnership with Russia:

U.S. nuclear power reactors will be able to obtain more supplies of Russian enriched uranium for fuel, under a trade deal signed by the two countries late on Friday.

The agreement will provide U.S. utilities with a reliable supply of nuclear fuel by allowing Russia to boost exports export to the United States while minimizing any disruption to the United States‘ domestic enrichment industry.

And Lithuania is one step closer to a joint nuclear energy venture with Sweden and Poland:

Lithuania‘s government won a parliamentary vote on Friday to merge a private and two state-owned energy companies into one group to invest in a new nuclear power plant and build connections to Sweden and Poland.

The vote will give a boost to delayed plans to build the new power station in cooperation with Poland, Latvia and Estonia, all countries that want to reduce their reliance on Russia for energy.

No wonder the International Herald Tribune calls nuclear the “power investment of 2008”:

Britain is part of a broader trend of growing support for nuclear energy in other countries. The French company Areva, the world’s largest builder of nuclear reactors, forecasts that 150 to 300 nuclear reactors will be built in the world from now to 2030. At least 50 of them will be built in China and India, according to news reports.

This is encouraging for global power plant builders like Mitsubishi Heavy Industries,Toshiba through its unit Westinghouse and Areva, which have all benefited from China’s investment in new nuclear in recent years. Analysts figure that decommissioning projects in more mature markets like Britain, Russia, Japan and France could prove to be an even bigger money maker for the nuclear industry. A review of the global decommissioning market, carried out by the Nuclear Industry Association in Britain, estimates such projects to be worth £300 billion over the next 30 years.

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