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BREAKING
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

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.

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  • 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.

Related News

Iran bars IAEA chief Grossi from nuclear facility inspections

Iran blasts IAEA chief for fueling Western-led nuclear pressure

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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