Today, nuclear energy is the second-largest clean and low-carbon energy source after hydro. Currently, 450 nuclear reactors are producing 11% of the total electricity worldwide. In the next five to six years, when 60 reactors now under construction and 150-160 additionally planned are also commissioned, half of the power needs of the world will be met through nuclear energy.
Therefore, there is immense trade potential for technology, services, material and equipment in the peaceful use of nuclear energy.
On April 3 in Akkuyu, Turkey, construction began on the country’s first nuclear power plant. With capacity to generate 4,800 megawatts of electricity, the plant will be operational by 2023 at an estimated cost of around US$20 billion. Read More