Nuclear power could be a major catalyst for growth in emerging markets, but successful deployment requires a long-term commitment and strategic plan from the outset.
Source: Nuclear Engineering International
The past decade has seen tremendous growth of nuclear energy in emerging markets, principally in Asia.
China has more than doubled its nuclear power capacity in the past ten years and, with 15 reactors in final stages of commissioning or construction, will have more than 37 GW of nuclear power capacity online by the end of 2020 – the third largest operating nuclear fleet in the world after the USA and France. India is considering six new nuclear reactors and is planning construction of 15 more units in the near term. This past year saw the completion of the construction of the first nuclear reactor in the United Arab Emirates and the pouring of safety concrete for the first nuclear new-builds in Bangladesh and Turkey. Other markets—such as Indonesia, Malaysia and the Philippines —are considering embarking on a path to nuclear power.