FINWIRES · TerminalLIVE
FINWIRES

Rosatom Starts Bangladesh Nuclear Unit Fuel Load, Targets 2,400 MW Output

By

-- Rosatom has launched fuel loading at Bangladesh's first nuclear plant, advancing the 2,400-megawatt Rooppur project toward power generation, the company said Tuesday.

The company began inserting fresh nuclear fuel into Unit 1 of Rooppur NPP, marking the first step in the commissioning phase for the Rooppur Nuclear Power Plant, Rosatom said.

Rosatom's engineering division serves as the general contractor and designer for the project, overseeing construction and technical implementation, according to the company.

Operators will raise the reactor to a minimum controlled level before gradually increasing output, followed by synchronizing electricity supply to Bangladesh's grid in the next stage, Rosatom said.

The plant includes two VVER-1200 reactors with a combined capacity of 2,400 MW and sits about 160 kilometers from Dhaka under a Dec. 25, 2015, contract, the company said.

Rosatom said its VVER-1200 reactors demonstrate strong operational reliability and efficiency, and that they use an advanced Generation III+ design that meets all international nuclear safety standards.

Six such units operate globally, including four in Russia and two in Belarus, while it continues building projects in Egypt, Hungary, Turkey, and China and surveys two more units in Kazakhstan, according to the company.

Rosatom Director General Alexey Likhachev and Bangladesh Science and Technology Minister Fakir Mahbub Anam approved the process, enabling the reactor to move toward controlled operation, the company said.

Related Articles

Australia

Velo3D Closes $50 Million Registered Direct Offering

Velo3D (VELO) said Tuesday it closed an underwritten registered direct offering of nearly 3.6 million common shares for gross proceeds of about $50 million.Net proceeds will be used for working capital and general corporate purposes, the company added.Price: $13.76, Change: $-0.57, Percent Change: -3.98%

$VELO
Australia

First Financial Bankshares Ups Quarterly Dividend 15.8% to $0.22 a Share, Payable July 1 to Holders of Record June 12

Price: $32.61, Change: $+0.18, Percent Change: +0.56%

$FFIN
Mining & Metals

First Atlas Resources Sells MacKenzie East Claims in Quebec to LaFleur Minerals

First Atlas Resources (HHE.CN) on Tuesday said it agreed to sell a 100% interest in its MacKenzie East Claims located in the Val-d'Or gold camp, Quebec, to LaFleur Minerals (LFLR.CN) in a cash and stock deal.LaFleur will buy the property in exchange for $30,000 in cash, and 175,000 shares of LaFleur Minerals. The cash portion is payable within 48 hours of execution of the agreement, the company said.The share consideration will be issued upon receipt of exchange acceptance or, if not required, within five business days following closing of the deal. The property consists of 46 mineral claims covering about 1,781 hectares.The deal allows First Atlas to monetize a non-core asset while retaining exposure to the upside of the Val-d'Or region through its equity interest in LaFleur, it added.Shares of First Atlas were last seen down $0.005 to $0.10 on the Canadian Securities Exchange.

$HHE.CN$LFLR.CN