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Natura Resources Announces Agreement with NGL Energy Partners to Develop 100-MW SMRs with Large-Scale Produced Water Treatment in the Permian Basin

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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Industry News

Brazil Power Plant Concessions Bring Big Premiums

LCG, June 29, 2001Bidders for eight concessions in electricity-short Brazil to build and operate hydroelectric plants brought plenty of money to the auction yesterday, paying a premium of eight times the total minimum set by the government electricity regulator Aneel.

Among those winning concessions and paying the highest premiums were companies that can't live without large amounts of power, and seek to generate their own. U.S. aluminum company Alcoa paid a premium said to be 3,000 percent over the government's base price and Brazilian metals giant Cia Vale do Rio Doce was awarded the largest project.

Alcoa's group paid 37 million reals ($16 million U.S.) for the right to build a 210 megawatt facility in the state of Goias. The project will require an investment of around 320 reals ($138 million).

Cia Vale do Rio Doce's group won the right to an 840 megawatt plant to be built on the Uruguai River that separates the states of Santa Catarina and Rio Grande do Sul. That plant will require an investment of 1 billion reals ($430 million).

Bidders agreed to pay a combined 69 million reals ($30 million) in concession fees for a period of up to 30 years. Payment of the fees begins when the plants become operational.

Mario Abdo, head of Aneel, said the auction "was a success, which matches the country's interests. The moment of the (power) crisis boosts the interest in increasing the amount of energy to be offered."

Though Brazil's electricity crisis was brought on by a long drought, officials said the concessions are for hydroelectric plants in parts of the country where there has been no water shortage. In any case, the smallest of the plants will not likely begin operation for about five years.

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