The world’s largest and most influential development bank said on Wednesday it would lift its longstanding ban on funding nuclear power projects. The decision by the board of the World Bank could have profound implications for the ability of developing countries to industrialize without burning planet-warming fuels such as coal and oil. The ban has…
The standoff between President Trump’s negotiating team and Iran boils down to this: whether the United States is willing to risk allowing Iran to continue producing nuclear fuel if the alternative is no deal and the possibility of another war in the Middle East. To Mr. Trump and his special envoy, Steve Witkoff, the negotiations…
Iran has proposed the creation of a joint nuclear enrichment venture involving regional Arab countries and American investments as an alternative to Washington’s demand that it dismantle its nuclear program, according to four Iranian officials familiar with the plan. Iran’s foreign minister, Abbas Araghchi, proposed the idea to an American special envoy, Steve Witkoff, when…
A third round of talks between Iran and the United States over Tehran’s nuclear activities was planned for Saturday, raising hopes for a new accord that could avert another conflict in the Middle East. “I think we’re going to make a deal with Iran. Nobody else could do that,” President Trump said in an interview…
President Trump last week issued executive orders designed to revive the use of coal in power plants, a practice that has been steadily declining for more than a decade. But the effort is likely to fail, energy experts said, because the fossil fuel faces some critical hurdles. The power that coal plants produce typically can’t…
The Trump administration has revived talks with Saudi officials over a deal that would give Saudi Arabia access to U.S. nuclear technology and potentially allow it to enrich uranium, Energy Secretary Chris Wright said on Sunday. The deal — which the Biden administration had pursued as part of a broader agreement for Saudi Arabia to…
During a call with President Volodymyr Zelensky of Ukraine this week, President Trump floated a highly unusual idea: The United States could take control of Ukrainian nuclear power plants. “The United States could be very helpful in running those plants with its electricity and utility expertise,” the White House said in a statement after the…
(Image credits: KPI Green Energy) NEW DELHI: KPI Green Energy announced on Wednesday that it has secured a Rs 272 crore loan from the National Bank for Financing Infrastructure and Development (NaBFID) to partly fund its 50 megawatt (MW) hybrid power project in Bharuch, Gujarat, news agency PTI reported.“The company has received a final sanction…
North Korea said on Saturday that it was building its first nuclear-powered submarine to enhance its nuclear weapons abilities, and the state news media showed the nation’s leader, Kim Jong-un, inspecting part of what appeared to be a new submarine larger than any owned by the country. The announcement, made in the state news media,…
The Ukrainian Parliament on Tuesday passed a contentious bill allowing the government to purchase two unused, Russian-made nuclear reactors from Bulgaria for at least $600 million — a project that has faced sharp criticism over its high cost and yearslong timeline. The Ukrainian government plans to install the two reactors at the Khmelnytskyi nuclear power…