INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Ukraine nuclear plant, Europe’s biggest, reconnected to grid

IAEA chief, Rafael Grossi, was in Kyiv on Thursday to discuss setting up a protection zone around the site which has regularly come under fire. (AFP)
  • The plant's six reactors are in cold shutdown, they require electricity for vital nuclear safety and security functions, including cooling
  • Russian President Vladimir Putin ordered his government this week to take over operations at the power station in southern Ukraine
ViennaAustria– Ukraine’s Zaporizhzhia atomic energy plant is reconnected to the grid, the UN’s nuclear watchdog said on Sunday, describing it as “temporary relief in a still untenable situation”.The International Atomic Energy Agency (IAEA) said on Saturday that the plant — Europe’s largest nuclear power station — had lost its last source of external power after renewed shelling and was relying on emergency generators.

“Our team at Zaporizhzhia confirms the offsite power line lost yesterday was restored and ZNPP (the plant) is reconnected to the grid -— a temporary relief in a still untenable situation,” IAEA head Rafael Grossi tweeted on Sunday.

Although the plant’s six reactors are in cold shutdown, they require electricity for vital nuclear safety and security functions, including cooling.

Russian President Vladimir Putin ordered his government this week to take over operations at the power station in southern Ukraine, where fears of an atomic accident remain high.

Grossi was in Kyiv on Thursday to discuss setting up a protection zone around the site which has regularly come under fire with Ukraine and Russia blaming each other.

“A protection zone is needed now. I will travel to Russia and will see Ukraine’s (President Volodymyr) Zelensky thereafter to establish the zone,” Grossi added in his tweet on Sunday.

He has stressed the zone’s main aim is “to avoid a nuclear accident at the plant, which remains a very, very clear possibility”.

Electricity has been cut to the site several times since August.