Abstract

The following chapter is based on the World Nuclear Industry Status Report 2018 (WNISR2018). The annual WNISR is a comprehensive assessment of the status and trends of the global nuclear power industry.

Highlights

  • Construction of Barakah-1 officially started on 19 July 2012, of Barakah-2 on 28 May 2013, on Barakah-3 on 24 September 2014 and unit 4 on 30 July 2015.63 As late as October 2016, Korean press was reporting unit 1 to be still scheduled for completion by May 2017.64 In May 2017, 59 ENEC, “United Arab Emirates (UAE) Selects Korea Electric Power Corp, as Prime Team as Prime Contractor for Peaceful Nuclear Power”, Emirates Nuclear Energy Corporation, 27 December 2009, see https://www.enec.gov.ae/news/uae-selects-korea-electric-power-corp-as-prime-teamas-prime-contractor-fo/, accessed 22 April 2018

  • The Government, in January 2018, announced that it would decide during the year, if it did proceed with nuclear power, with a decision “definitely, in the first half”

  • The global nuclear industry is struggling with a combination of factors that severely impact its competitiveness

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Summary

Introduction

When subsequently the decision is taken to permanently close a reactor, the shutdown status starts with the day of the last electricity generation, and the WNISR statistics are modified retroactively Applying this definition to the world nuclear reactor fleet, as of 1 July 2018, leads to considering 26 Japanese units in LTO. The abandonment of the two V.C. Summer units at the end of July 2017 after four years of construction and a multi-billion-dollar investment is only the latest example in a long list of failed nuclear power plant projects. In the absence of any significant new-build and grid connection over many years, the average age (from grid connection) of operating nuclear power plants has been increasing steadily and at mid-2017 stands at 29.9 years (see Figure 11).[25]. 26 NRC, “Status of License Renewal Applications and Industry Activities”, Updated 4 May 2018, see http://www.nrc.gov/reactors/operating/licensing/renewal/applications. html, accessed 29 July 2018

11–20 Years 21–30 Years 31–40 Years 41 Years and Over 77
Conclusion on potential newcomer countries
Findings
General conclusions
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