Nuclear Plant Development

Wall Street Journal: "China is home to 39 of the world’s 450 nuclear reactors and has another 19 reactors under construction, according to the World Nuclear Association. The country intends to build another 203 reactors as an alternative to coal-fired power plants that contribute to air pollution. Russia and India, which have 37 and 22 reactors, respectively, are each building six reactors as part of longer-term plans to more than double their existing capacity.

"Capacity in the Middle East is forecast to jump from 3.6 gigawatts this year to 14.1 gigawatts by 2028, according to the U.S. Energy Information Administration, as the region looks to reduce its reliance on fossil fuels. . . .

“There’s no doubt that global energy requirements are increasing dramatically,” said Peter Bacchus of Bacchus Capital Advisers, an advisory firm in London. “Uranium has to be part of the solution.”


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