India gung-ho on nuclear power

India gung-ho on nuclear power

The nuclear power sector will see growth in the developing economies like Russia, China and India over next two decades, while several developed economies are planning to phase out their plants and opting for renewables that are competitive, said the global credit rating agency Standard and Poor’s (S&P).

In its latest research report ‘The Energy Transition: Nuclear Dead or Alive – S&P’ said the global nuclear industry, accounting for 10 per cent of global power generation, faces many challenges as governmental and regulatory policies have shifted toward renewables, especially after the 2011 Fukushima nuclear accident.

According to S&P, concerns about the safety of nuclear plants and nuclear waste storage solutions, an aging global nuclear fleet, and massively escalating costs for many new projects have added to the industry’s woes. Read more

Leave a Reply

Your email address will not be published.