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Japan's Hitachi Ltd (6501.T: Quote, Profile, Research, Stock Buzz) said on Wednesday it will develop mid-size nuclear reactors together with General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) to tap growing demand for smaller nuclear power plants in Southeast Asia and other emerging markets.
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HARTFORD, Conn. -- A Canadian uranium producer has joined a GE joint venture that aims to enrich the radioactive metal for nuclear power plants, the companies said Friday.Cameco Corp., a uranium producer based in Saskatoon, Saskatchewan, will invest $123.8 million to acquire a 24 percent stake in the venture, Global Laser Enrichment, which is 51 percent owned by General Electric Co. and 25 percent owned by Hitachi Ltd.
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The Nuclear Regulatory Commission has called a meeting regarding the GE Plant in Castle Hayne. The commission is concerned about an alert the global nuclear fuels facility issued in January when moisture may have leaked into a container of uranium dioxide powder. The executive director of the environmental watchdog group NC Warn said it was most likely a human error. However Jim Warren voiced his concern, saying, "That's the NRC's clever way of saying there was no risk."
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WILMINGTON, N.C.--(BUSINESS WIRE)--Global Laser Enrichment (GLE), a subsidiary of GE Hitachi Nuclear Energy (GEH), has announced it has selected GEH’s Wilmington headquarters site for a potential commercial uranium enrichment facility. The planned GEH plant would result in the creation of hundreds of new technical, operational and support jobs at the site between now and 2012.
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