Shift to nuclear brightens Asian energy future - VJ

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Shift to nuclear brightens Asian energy future By Vijay Jayaraj – December 28, 2021 At a time when the global media narrative is dominated by fossil fuels and renewables, countries in Asia have been commissioning an increasing number of nuclear plants, contrary to many European countries and the U.S. With a string of new approvals in recent years, the future of energy security in Asia appears to be increasingly dependent on nuclear energy to bolster the already strong fossil fuel sector. Unlike renewables, nuclear plants do not occupy large swaths of land and do not stop working when there is no wind or sun. In addition, among all available electricitygeneration methods, nuclear plants have the highest capacity factor — a measure of the ability of a plant to produce at full capacity in a given period of time. The nuclear capacity factor is higher than 90 percent whilst solar and wind is around 25 percent and 35 percent, respectively. Attracted to the advantages of nuclear power and financially strengthened by economic growth supported by fossil fuels, more countries are beginning to invest in new nuclear plants. China, India, and Others Go Nuclear China is spending as much as $440 billion on new nuclear plants. Last month, Bloomberg reported that “China is planning at least 150 new reactors in the next 15 years, more than the rest of the world has built in the past 35.” India too has been receptive to nuclear technology. Currently having 23 reactors in operation, the subcontinent will add 12 new reactors by 2024 and is assessing the possibility of five more. Though the Indian numbers are dwarfed by that of China’s, the country has made significant progress. Installed nuclear power capacity grew by over 40 percent in the last seven years. My home state of Tamil Nadu in the southwestern tip of India boasts state-of-art nuclear generation — including the Kudankulam plant with four reactors — that employs fast breeder reactors imported from Russia. Even as I was writing this piece, construction for a new reactor was launched 200 miles from my place of birth. 1


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