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Asian Infrastructure Investment Bank (AIIB) Turkey

Türkiye: Smart Solar Manufacturing Project

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World Bank Group Rwanda

Rwanda Health Emergency Preparedness, Response and Resilience Project Using the Multiphase Programmatic Approach

Agriculture Food and Beverages

United Nations Development Program (UNDP) Panama

Service for the Design and Development of Action Plans to Promote a Culture of Food Safety of MSMEs in Panama

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Inter-American Institute for Cooperation on Agriculture Ecuador

Marketing, Innovation Project with a Focus on Agritech and Tourism for the Strengthening of Productive Development in the Provincial Decentralized Autonomous Governments in Ecuador

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Procurement News

UK invests £196m in advanced nuclear fuels plant in Cheshire

The investment will fund the construction of a high-assay, low-enriched uranium (HALEU) fabrication facility at Urencos Capenhurst site. The UK Government has announced a £196m ($246m) investment to establish Europe’s first facility for producing HALEU in Capenhurst, Cheshire. The strategic move aims to diversify the uranium fuel market, currently dominated by Russia, and support the next generation of nuclear energy projects. The investment will fund the construction of a HALEU fabrication facility at the Capenhurst site of Urenco, a company part-owned by the UK Government. The facility will begin fuel production by 2031 for both export and domestic use. With an annual production capacity of ten tonnes, the HALEU from this plant could yield energy equivalent to more than one million tonnes of coal. United Kingdom

EDF gains approval for startup of Flamanville 3 nuclear plant, France

The regulatory authority gave its approval after a rigorous review involving almost 600 inspections. The Autorité de Sûreté Nucléaire (ASN), France’s nuclear regulatory authority, has granted British energy company EDF approval to commence the startup of the Flamanville 3 nuclear plant in 2024, following a 12-year delay. The plant, situated in north-western France, has been given the go-ahead by the ASN to initiate the fuel loading process, conduct trials and eventually begin operations. The decision concludes a rigorous review process involving almost 600 inspections of the reactor’s construction by the regulator. Further approvals will be necessary as the plant progresses through the trial phase. The ASN emphasised the importance of the checkpoints to ensure safety and compliance throughout the commissioning process. Upon integration into the country’s national grid, the 1.6GW European pressurised reactor (EPR) will become part of EDF’s extensive reactor fleet in France, Bloomberg has reported. Nuclear reactors contributed to approximately two-thirds of French electricity production in 2023. The approval of the Flamanville 3 plant’s startup comes after a series of setbacks that have impacted the project’s timeline and EDF’s financial health. The project, which began in 2007, has seen its budget, excluding financing costs, increase to €13.2bn. Despite the approval, EDF will be required to replace the reactor vessel’s cap during the first refuelling outage. The ASN will mandate deadlines for the replacement of other components and equipment. The prolonged challenges faced by the Flamanville 3 project have cast doubts on the French nuclear industry’s capability to deliver reactor construction projects on time and within budget. This is particularly concerning as France plans to build six new nuclear plants. In February 2024, French Finance Minister Bruno Le Maire suggested that the UK should bear a greater portion of the costs for the new nuclear reactors being constructed by EDF. The UK’s Hinkley Point C and Sizewell C projects, both under construction, have encountered similar issues with cost overruns and delays, predominantly shouldered by EDF. EDF’s international ventures have seen mixed results, with two similar reactors built in China experiencing minor delays and Finland’s first EPR eventually commencing France

Niger Mines Minister visits key uranium project

Production at Global Atomic Corporation’s Dasa uranium mine is expected to begin in 2025. Niger’s Mines Minister Colonel Ousmane Abarchi visited Global Atomic Corporation’s Dasa uranium mining project in the north of the country and expressed the government’s support. Global Atomic said the visit on 3 May was part of a ministerial tour of “significant exploration and mining projects in the Agadez region of northern Niger”. The visit included a tour of the underground development as well as a review of the mine design, the current 23-year mine plan, the plant design and the timelines for plant commissioning at the end of 2025. Stephen G. Roman, Global Atomic president and CEO, said: “We were honoured to host the mines minister and other dignitaries at our Dasa operation. The Minister expressed his continuing support for the project and confirmed the government’s recognition of Dasa’s strategic value and near-term economic benefit that will be realised in the form of local employment, taxes and royalties.” The company’s relationship with the Niger Government has “always been positive” since the engagement began in 2008, he added. The government helps to provide “security in the region and assistance with expediting logistics to equip our mining team with supplies and consumables to maintain a high pace of mine development”. Underground development of Dasa, a high-grade uranium deposit 105km south of the town of Arlit, began in 2022, and first deliveries are expected in 2025. Toronto-based Global Atomic owns 80% of the project, which will be operated under the company’s Niger mining subsidiary Société Minière de Dasa, which is 20%-owned by the Government of Niger. Governments around the world are looking to secure supplies of uranium as fuel for their nuclear power projects. Many currently rely on Russia for nuclear fuel supplies but have been trying to move away from this amid Russia’s ongoing war in Ukraine. Last week, the US Senate passed a bill banning the import of low-enriched uranium from Russia. Niger

Siemens Gamesa CEO steps down, shares surge 13%

Vinod Philip is set to take the helm as Siemens Energy initiates a comprehensive overhaul. The CEO of leading wind turbine manufacturer Siemens Gamesa, Jochen Eickholt, will stand down from his position amidst ongoing restructuring efforts. The reins will be handed over to its parent company Siemens Energy’s head of global functions, Vinod Philip, who currently oversees various functions such as IT, purchasing, innovation, logistics and project management. Eickholt will step down on 31 July and leave the company on 30 September. The leadership transition marks a pivotal moment for the company, which has grappled with turbine quality issues and sustained losses under Eickholt’s tenure, although Siemens Energy CEO Christian Bruch said in a press statement that “the causes of the quality problems did not fall under his tenure”. Bruch said that Eickholt’s departure was part of the company’s multi-year restructuring plan as “the time has now come for a generational change at Siemens Gamesa”. The restructuring plan entails a strategic shift towards onshore wind operations in stable regulatory environments, particularly in Europe and the US. This focus aims to optimise profitability and align with market demands. Although the plan included unspecified job and capacity cuts, Siemens Energy, in the press statement, reaffirmed its commitment to both onshore and offshore wind, allaying concerns of potential divestment or closure of wind business segments. The leadership change and restructuring measures have resonated positively with investors, with Siemens Energy shares surging by 13% following the announcement. Siemens Energy now anticipates a more favourable profit margin for the year, adjusting its 2024 projections for sales, operating profit and free cash flow to reflect revenue growth of 10–12% during the year. Manufacturing flaws led to significant financial setbacks for Siemens Gamesa in 2023, resulting in a loss of €4.6bn ($4.94bn) for the fiscal year. At the time, Burch said: “The strong performance of our other business areas gives me confidence in our company’s ability to put businesses back on a strong footing.” Various Countries

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UK invests £196m in advanced nuclear fuels plant in Cheshire

EDF gains approval for startup of Flamanville 3 nuclear plant, France

Niger Mines Minister visits key uranium project

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