Emerging countries 'looking to nuclear': analysts

Emerging countries 'looking to nuclear': analysts

By Staff Reporter

Pranav Srivastava, GlobalData’s Associate Analyst covering Nuclear Power, says: “The after-effects of the Fukushima meltdown go beyond the decline of nuclear power generation in Japan. “Germany and Switzerland are now planning to phase out nuclear power, while others, such as China, Japan, France and the UK, have developed strong frameworks for nuclear safety and performed stress tests on their existing nuclear reactors to ensure safe operations.

The company’s latest report -Emerging Nuclear Power Countries – Market Forecast, Key Companies and Development Analysis to 2030 - states that while the world’s nuclear power generation decreased in 2011 and 2012 in the aftermath of the Fukushima meltdown, the market is gradually recovering, with large-scale capacity additions expected in the Asia-Pacific (APAC) region.

The country plans to construct 10 new reactors by 2030 and has signed a number of co-operative governmental agreements regarding the peaceful use of nuclear energy with Russia, China, India, South Korea and Argentina. “Russia received a construction deal to build the first two reactors in 2009, while Japan won the deal for the third and fourth reactors the following year.

Despite this more cautious global approach, GlobalData states that the emerging nuclear countries in the APAC region are building more than 20 nuclear reactors and are planning to add 13. 8 GW of nuclear power by 2030, led by 6. 8 GW of additions in Vietnam.

Read more here: Business Spectator


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