India to send a rover to moon in October in search of a trillion-dollar nuclear fuel: ISRO

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As per a Bloomberg report, India’s space program wants to go where no nation has gone before – to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars. Indian Space Research Organisation (ISRO) […]

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Oman decides to invest $120 million in Spanish uranium mine deal with Berkeley Energia

Gulf states seem to be shaking off their dependence on oil. The sovereign wealth fund of the Sultanate of Oman, has an option to acquire 37 per cent of Berkeley Energia, a London and Australia-listed company which is developing the Salamanca mine west of Madrid. Oman has agreed to invest up to $120 million in […]

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Investments moving towards renewables and nuclear power in a major shift – IEA

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A major shift in investment towards low-carbon sources of power generation is underway with new low-carbon generation – renewables and nuclear – from capacity coming online in 2015 exceeding the entire growth of global power demand in that year, the International Energy Agency (IEA) said in a report. Renewables investment, primarily in wind, solar PV […]

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India approves nuclear power sites in two states 

The Indian government has accorded ‘in principle’ approval for the sites at Gorakhpur in Haryana and Mahi Banswara in Rajasthan for setting up 4 nuclear reactors of 700 MW each, the atomic energy minister said. Jitendra Singh said in a written reply to parliament that the government has also accorded financial sanction for Units 1 […]

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