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Several New Countries are Expected to Invest in Nuclear Power by 2030
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Several New Countries are Expected to Invest in Nuclear Power by 2030 The Director General, of International Atomic Energy Agency (IAEA), Yukiya Amano, stated in November 2010 that 25 new countries are expected to commence the operation of their first nuclear power plants by 2030. In the Asia-Pacific region, Kazakhstan is expected to come up with its first three nuclear reactors online by 2020. Each of these three nuclear reactors would be about 640 mega-watt (MW) capacity. Bangladesh government has approved a 1,000 MW nuclear power plant that is expected to cost about $2 billion and will be operational by 2014. The Indonesian government has planned to construct two nuclear power plants of capacities 10,000 MW and 8,000 MW. The nuclear energy agency of Indonesia is looking for a suitable site for these plants. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Nuclear-Policy-Global-Handbook-2010&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Energy_and_Utilities In Europe, Poland is expected to start its first nuclear power plant by 2022. Italy plans to begin construction of its new nuclear power plant by 2013, commence its operation by 2020. Government of Turkey plans to have its first nuclear power plant by 2023.
In the Middle East and Africa, Israel plans to have a 1,200 MW nuclear power plant as an alternative to a coal-fired power plant that was due to come online by 2020. Nigeria is expected to start its first nuclear power plant by 2014. The United Arab Emirates (UAE) is expected to have its first nuclear power plant of 1,400 MW capacity at Braka by 2017. In South and Central America, Chile plans to have its first nuclear power plant by 2024. Venezuela and Cuba are other countries that are also expected to venture into the nuclear power industry. Besides, countries like Belarus, Tajikistan, Peru, Jordan and others are also planning to set up their first nuclear reactors by 2030. Countries are Gradually Gaining Public Support for Nuclear Power Generation According to an IAEA report, countries with nuclear power plants are more likely to have public support for nuclear power. This is because of the awareness in the public about nuclear power generation and radioactive wastes. In Europe, the strongest support for nuclear power is found in the Czech Republic, Lithuania, Hungary, Bulgaria, Sweden, Finland and Slovakia. These are also the countries which are witnessing a revival in their nuclear power industry. Romania and Spain are the only two countries in Europe that do not have public support
despite having nuclear power plants. This is because the public is unaware of the myths and facts associated with nuclear power plants. Nuclear Power Phase-Out Policies Being Reconsidered in Most European Countries Most European countries had put a ban on the construction of any new nuclear power plants and had declared the phasing out of the existing power plants in due course (mostly by 2025-2030). However, global warming and greenhouse gas emissions are issues which have made the entire world come together to meet on a common platform called the Kyoto Protocol and arrive at a consensus of meeting the set emission targets to 2020. Meeting these targets would require shutting down or bringing down the generating capacities of most thermal power plants. This would require generating power from renewable sources. Currently, power generation from renewable sources is expensive and cannot provide a steady supply of base power globally. This makes nuclear the obvious choice for most countries, as nuclear is both a cheap and stable source of power generation. Asia-Pacific Region will Witness the Highest Increase in a Number of Commercial Nuclear Reactors Asia-Pacific region has 39 nuclear reactors under construction, 68 are firmly planned and 21 more have been proposed. The reason for such high growth in
nuclear capacity is to reduce dependence on imported coal and oil for power generation. Most Asia-Pacific countries are developing countries and their levels of energy consumption are increasing with more emission of green house gases. To reduce these emissions and meet the green house gas (GHG) targets by 2020, most countries in Asia-Pacific are going nuclear. GlobalData’s new report, “Nuclear Policy - Global Handbook 2010”, provides an in-depth analysis of the nuclear policy initiatives across 32 countries globally where a significant share of electricity generation comes from nuclear power. The report provides trends and information on nuclear energy policies in these countries and analyzes some of the driving forces behind the nuclear power industry. The report provides information on current and future nuclear power generation targets and plans along with the current policy framework, giving a fair idea of overall growth potential of the nuclear power industry in different countries. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Nuclear-Policy-Global-Handbook-2010&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Energy_and_Utilities Visit our report store: http://www.globaldata.com
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