Romania Announces Plans to Terminate Nuclear Expansion Agreement with Chinese Firm Due to Security Issues
Posted Thursday, May 28, 2020 at 2:59pm
On May 27, it was reported that the country’s state nuclear energy producer, Nuclearelectrica, will seek shareholder approval for termination of its agreement with China General Nuclear Power (CGN) for the construction of Units III and IV of Cernavoda nuclear power plant (NPP) – Romania’s sole operational power plant. Romanian media reports that the decision was made as a result of security issues arising from the use of Chinese ...
New Chinese Fishing Vessel Bound for Antarctica Signals Other Possible Beijing Ambitions Near the South Pole
Posted Thursday, May 28, 2020 at 12:00am
On May 25, a newly constructed Chinese fishing and processing vessel, the Shen Lan, departed from a Chinese port for its trial voyage before being deployed to the Antarctic region, where it is reportedly to be used to fish and process krill, a lucrative crustacean used for oil and feed in China.
PowerChina Undertakes New Energy Project in Zambia Amidst Concerns Over Debt Burden to China and Collateralized Strategic Assets
Posted Saturday, May 23, 2020 at 11:54pm
On May 21, PowerChina Corporation (a subsidiary of Sinohydro Corporation) signed a $548 million contract with Zambia’s state owned power company, ZESCO, for the construction of three solar plants, which will contribute an estimated 600 MW of electricity to the country. The project is intended to help Zambia alleviate its approximately 810 MW energy deficit (as of March 2020) caused by drought and the country’s current dependency on ...