Tickline News

Etango uranium project enters full-scale construction on FID

Energy

From the Energy digest for Oct 23, 2026

New thread

Sources World Nuclear News

What happened: A positive final investment decision by the Bannerman Energy–CNNC Overseas joint venture allows Namibia's Etango uranium project to transition into full-scale construction, with commissioning and production targeted for 2028 (World Nuclear News, Oct 23, ~10:13 AM ET).

What's genuinely new: the FID and the move from development-stage commitments to full-scale construction — with a Chinese state-enterprise-backed partner (CNNC Overseas) inside the ownership, and 2028 pinned as the commissioning-and-production target.

Watch: construction milestones against the 2028 target, and production volumes plus offtake arrangements.

Previous: Rosatom eyes a 2027 construction start for Uzbekistan's large reactors

Next: NRC and FERC hold a joint meeting on nuclear generation and grid reliability