India ranks third in nuclear power installations: study
According to World Nuclear Industry Status Report 2017, India with six installed nuclear reactors ranks third in world, while China is leading at 20 installed nuclear reactors.
Key Highlights of Report
Decline in Nuclear Reactors: The number of nuclear reactor units under construction is declining globally for fourth year in a row, from 68 reactors at end of 2013 to 53 by mid-2017. Most nuclear reactor constructions are behind schedule, with delays resulting in increase in project costs and delay in power generation.
Delay in Projects: Globally, there are 37 reactor constructions behind schedule, of which 19 reported further delays over past year. In India itself, five out of six reactors under construction are behind schedule. Eight nuclear power projects have been under construction globally for a decade or more, of which three have been so for over 30 years.
Nuclear power vs Renewable energy: Debate regarding value of nuclear energy “is over” especially nuclear power vs renewable energy development. It reveals that since 1997, worldwide, renewable energy has produced four times as many new kilowatt-hours of electricity than nuclear power.
Power generation: Globally it has increased by 1.4% in 2016 due to a 23% increase in China, but it is stagnated at 10.5%. By comparison, globally, wind power output grew by 16% and solar power by 30%. Wind power increased 3.8 times, and solar power by 2.2 times more than nuclear power respectively. Renewables represented 62% of global power generating capacity additions.
Shutting down of nuclear plants: Russia and US have shut down reactors in 2016. Sweden and South Korea also have closed their oldest units in first half of 2017.
Financial crisis in nuclear Industry: In recent years, financial crisis plaguing nuclear industry. Toshiba has filed for bankruptcy of its US subsidiary Westinghouse, largest nuclear power builder in history. France’s AREVA also has accumulated $12.3 billion in losses over past six years. French government has provided it $5.3 billion bailout and continues its break-up strategy.
Category: Reports & Indexes Current Affairs
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