Nuclear power generation expected to grow at fastest rate since 1990

KOLKATA: The World Nuclear Association estimates that global nuclear power capacities will increase through 2040 at a faster rate than at any time since 1990, increasing mainly due to large reactor construction programs in China, India and in other Asian countries.

The Association has revised its growth projections for nuclear generating capacity upwards for the first time in eight years following the introduction of more favorable policies in a number of countries.

“French energy policy has been changed, delaying the planned reduction of nuclear energy in the share of its electricity mix by allowing extensions of the operating life of existing reactors beyond 40 years. In the United States, state legislatures are beginning to pass measures that support the continued operation of reactors, recognizing nuclear’s valuable role in providing low-carbon electricity. At the same time, the process for granting a second operating license extension for US nuclear reactors has begun, allowing the reactors to operate for 80 years,” the Association said in a statement.

Both China and India have large nuclear expansion programs and the prospects for new reactors in many countries have improved, with several new countries such as Turkey, Bangladesh and Egypt launching construction projects and several others, including Uzbekistan, Kazakhstan and Poland, showing a clear interest in developing nuclear programs.

Its capacity should reach 569 GWe by 2040 according to a conservative estimate. An estimate above moderation puts capacity at almost double to 776 GWe. For a less than moderate scenario, nuclear capacity essentially maintains its current level over the forecast period at 402 GWe.

Managing Director Agneta Rising said: “Achieving Harmony’s goal of delivering 25% of the world’s electricity by 2050 will require a rapid ramp-up of new nuclear build…higher than expected, which would lead to its , enrichment, fuel fabrication, transportation and services of used fuel Participants in the nuclear fuel cycle must be prepared to meet a potential surge in demand to achieve the goal of harmony.

The global nuclear industry’s Harmony Goal aims to achieve a 25% share of nuclear power in the world’s electricity supply by 2050, to help the world keep global temperature rise well in below 2°C.

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