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BREAKING
Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

UK allocates $90 million fund to develop nuclear energy field

  • By Al Mayadeen English
  • Source: Agencies
  • 2 Jan 2023 19:21
2 Min Read

The UK government says that the step comes as the country aims to find alternative to Russian fuel.

  • x
  • Employees work at the construction site of Hinkley Point C nuclear power station in Somerset, England, Tuesday, Oct. 11, 2022 (AP Photo/Kin Cheung)
    Employees work at the construction site of Hinkley Point C nuclear power station in Somerset, England, Tuesday, Oct. 11, 2022 (AP Photo/Kin Cheung)

The UK will establish a $90-million fund to bolster nuclear fuel production to create an alternative to Russian fuel imports.

"Nuclear fuel production in the UK is set to be bolstered by up to £75 million [$90 million] in UK government funding in a bid to support the development of alternatives to Russian fuel supply and strengthen UK energy security," according to the statement.

The British government noted that the fund aims to boost fuel production capabilities and advance nuclear technologies, including the conversion of recycled and recently mined uranium, adding that the technology to convert recycled uranium is currently unavailable outside Russia.

Read more: UK ousts China from new nuclear project Sizewell

Part of the funding will go to prompt a "resilient nuclear fuel market," creating new jobs and attracting expert specialists in the field of nuclear energy.

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Iran's enriched uranium stockpiles surged ahead of June war: IAEA

Taiwan vote on restarting nuclear plant fails amid security concerns

Nuclear power is becoming more popular in Europe which is currently grappling with increased energy prices due to sanctions on Russia and other global factors, prompting its countries to plan ahead to avert problems in the future.

Some experts contend that nuclear power should not be a viable alternative, while others contend that given the prevalence of crises, it must continue to be a component of the global energy mix.

Read more: UK to Build World's Longest Power Transmission Grid

Although 32 countries presently use nuclear energy to produce 10% of the world's electricity, the International Atomic Energy Agency (IAEA) boosted its predictions for the first time since the 2011 tragedy in September. The IAEA now expects installed capacity to double by 2050 under the most favorable scenario.

With the increase in demand for power, a number of nations have declared a desire to build nuclear infrastructure, including China, which already has the most reactors, the Czech Republic, India, and Poland since nuclear energy provides an alternative to coal.

Similar goals are shared by the United Kingdom, France, the Netherlands, and even the United States, where President Joe Biden's investment plan promotes the growth of the sector.

  • Nuclear Energy
  • UK
  • Russian Gas
  • Nuclear Power

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