AGL 31.35 Increased By ▲ 0.15 (0.48%)
AIRLINK 143.00 Increased By ▲ 0.30 (0.21%)
BOP 5.12 Increased By ▲ 0.04 (0.79%)
CNERGY 4.11 Increased By ▲ 0.07 (1.73%)
DCL 9.49 Decreased By ▼ -0.21 (-2.16%)
DFML 49.51 Decreased By ▼ -0.69 (-1.37%)
DGKC 79.10 Decreased By ▼ -0.40 (-0.5%)
FCCL 22.75 Decreased By ▼ -0.30 (-1.3%)
FFBL 46.78 Increased By ▲ 0.68 (1.48%)
FFL 9.57 Increased By ▲ 0.52 (5.75%)
HUBC 153.49 Decreased By ▼ -0.01 (-0.01%)
HUMNL 11.29 Decreased By ▼ -0.18 (-1.57%)
KEL 4.17 Increased By ▲ 0.03 (0.72%)
KOSM 9.26 Decreased By ▼ -1.01 (-9.83%)
MLCF 33.30 Decreased By ▼ -0.30 (-0.89%)
NBP 58.70 Increased By ▲ 1.85 (3.25%)
OGDC 136.75 Decreased By ▼ -0.50 (-0.36%)
PAEL 25.88 Increased By ▲ 1.43 (5.85%)
PIBTL 6.05 Increased By ▲ 0.08 (1.34%)
PPL 112.35 Decreased By ▼ -0.65 (-0.58%)
PRL 24.38 Increased By ▲ 0.03 (0.12%)
PTC 11.88 Decreased By ▼ -0.07 (-0.59%)
SEARL 57.40 Decreased By ▼ -0.36 (-0.62%)
TELE 7.77 Increased By ▲ 0.17 (2.24%)
TOMCL 41.99 Increased By ▲ 0.11 (0.26%)
TPLP 8.49 Decreased By ▼ -0.16 (-1.85%)
TREET 15.23 Increased By ▲ 0.13 (0.86%)
TRG 51.50 Decreased By ▼ -0.95 (-1.81%)
UNITY 28.00 Increased By ▲ 0.14 (0.5%)
WTL 1.42 Increased By ▲ 0.08 (5.97%)
BR100 8,340 Decreased By -5.8 (-0.07%)
BR30 26,956 Increased By 47.9 (0.18%)
KSE100 78,898 Increased By 34.4 (0.04%)
KSE30 25,008 Decreased By -18.2 (-0.07%)

PARIS: France and Japan have signed a nuclear cooperation agreement in Paris, the French ministry said on Wednesday.

The joint declaration pledges to deepen and accelerate ties in the research and development of next-generation nuclear such as sodium-cooled fast reactors.

Work will continue on the safe life extension of existing reactors, decommissioning of nuclear plants including Japan’s Fukushima Dai’ichi reactor, developing civil nuclear capacity in interested countries, and promoting the recycling of used nuclear fuel to minimize the need for uranium.

French Energy Minister Agnes Pannier-Runacher met Yasutoshi Nishimura, Japan’s minister of trade, economy and industry and they discussed accelerating technical cooperation on the nuclear fuel cycle, and working to build a supply chain involving only countries sharing “common values” — a veiled reference to Russia’s outsized role in the sector.

The announcement followed talks on the sidelines of the Group of Seven energy and climate meeting in Sapporo last month, where the ministers discussed cooperating on a relaunch of nuclear energy in Japan as a way to meet rising power demand without a spike in greenhouse gas emissions.

Yellen to travel to Japan for G7 finance ministers meeting

“The new flags of this bilateral Franco-Japanese partnership, the Tricolor and the Hinomaru rising sun, wave strongly toward decarbonisation and a stable energy supply,” Nishimura said in a statement.

Japan’s Sankei newspaper reported earlier on Wednesday that Prime Minister Fumio Kishida has earmarked some 46 billion yen ($337 million) over three years beginning in April 2024 to help develop sodium-cooled fast reactors.

The joint declaration came a day after a Paris appeals court allowed the French government to proceed with a buyout of nuclear giant EDF as part of its long-term plan to reinvigorate the nuclear sector and build up to 14 new reactors by 2050.

France this year also signed a bilateral agreement with Britain emphasising nuclear as a low-carbon energy source that could reduce dependence on suppliers like Russia.

Comments

Comments are closed.