China National Nuclear Corporation to help Uganda build power plant network
China National Nuclear Corporation (CNNC) has signed a memorandum of understanding with the Ugandan government to help design, construct and operate the country’s new nuclear power network.
The Chinese state-owned firm will explore eight potential sites that have been identified as suitable for nuclear power stations. These are located in central, northern and southwestern parts of Uganda.
This is the latest in a series of infrastructure investments made by China-backed companies in Africa.
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Earlier this week, China Civil Engineering Construction Corporation secured a $6.88bn contract to build the remaining section of Nigeria’s Lagos-Kano rail line.
In Uganda, the need to produce more energy is pressing as the country looks to ready itself for crude oil production by the end of the decade.
In 2006 it found estimated reserves of around 6.5bn barrels, a resource it is looking to exploit in the coming years.
Uganda is also working with Russia to explore nuclear power possibilities. Around a year ago it signed an agreement with ROSATOM, Russia’s state-owned nuclear organisation.
CNNC was established by the Chinese Communist Party back in 1955, and today has a workforce of around 100,000 people.
To date it has installed nuclear power plants in seven countries and, along with Uganda, is in talks with 40 more nations with a view to carrying out further construction work.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.