At present, nine nuclear power reactors with generation capacity of 6.7 GW are at various stages of construction, which could take the total installed nuclear power capacity to 13.48 GW by 2024-25. Over the past couple of months, several questions raised in parliament on status and progress of nuclear power in India. In India, a number of lawmakers are curious about the progress of nuclear energy in India.
In the high-case scenario, the share of nuclear is estimated to be 5.2 per cent. The International Atomic Energy Agency estimated that in the low-case scenario global share of nuclear electricity would slip to 3.6 per cent by 2030 from 5.6 per cent in 2017. During the same period, nuclear power contributed 3.19 per cent of India’s total power generation, which includes import from Bhutan.Įven at global level nuclear power is expected to slide down. As per the Central Electricity Authority, during April-July 2018, India generated 13.47 billion unit (BU) of nuclear power compared to 51.72 BU in the corresponding period in 2017. Despite nuclear being a cleaner fuel, it remains outside the priority list of power sources in India. With total installed capacity of 6.78 GW, India contributed only 1.72 per cent of global nuclear installed capacity. Combined effect of lower capital cost and lower gas prices could lead to a planned set up of over 400 gas-based power plants by 2020 in the US. Ĭapital cost of a new nuclear power plant ($67/MW) is four times than a new gas-based power plant ($16/MW). According to media reports, nuclear power plants having capacity of 263TWh of electricity have either closed down or planning to retire or are running the risk of forced closure due to market forces. In absence of public funding, nuclear power will find it tough to compete against natural gas and renewables in the future.įurther, low gas prices at the Henry Hub, around $2.9, severely impact survival of nuclear power plants in the US. Pressure groups have been successful to shut down nuclear power plants like San Onofre & Diablo Canyon in the US.Īnalysts argue that nuclear power never received the quantum of generous subsidy the fossil fuel received in the past and renewable is receiving today. Nuclear energy once a very popular alternative source for developed countries such as US, France, Russia, Republic of Korea, Germany, and Japan is being squeezed.Īnti-nuclear groups across the globe are pressing for closure of nuclear plants on the ground of environment standards or economic viability. The global leaders especially in the developing and least developed countries are facing challenges to improve energy access to modern energy at affordable price in a sustainable and responsible manner without sacrificing economic growth and social development.Įmerging economies like China and India have suddenly thrown their weight behind ‘fight against’ global warming and climate change.
It is visible that drivers, endogenous and exogenous to energy system, are knocking the boundaries beyond conventional energy sources. Understandably, an unprecedented force being applied for faster adoption of sustainable energy. The Paris climate change agreement triggers strategic actions for voluntary reduction of existing greenhouse gas emissions in a time bound manner. Ever rising concerns for the ecosystem intensifies new-found love for sustainable energy. The global energy system is undergoing a rapid transition driven by emergence of new technologies, entrepreneurial spirit of next generation business leaders, reorientation of policymakers and shift in consumer mindset. Oracle Utilities: Turn raw data into a powerful information.The Economic Times Power Talks Presented By GE.Towards Digitalisation of Modern Energy Assets The Economic Times Energy Leadership Summit 2021.The New Electric World: Raising the bar for Electrical Safety and Power Availability.Sabic ESG LANDSCAPE FUTURE-PROOFING INDIAN BUSINESSESĪn initiative of The Economic Times & SABIC.Clean Energy Growth: Powering the Net Zeo future.The Economic Times Energy Leadership Awards 2022.The Economic Times Energy Leadership Summit 2022.Advancing Environmental Innovations In India.
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