Global nuclear power is expected to grow by 46% by 2040, with China and India leading the way

According to the International Energy Agency (IEA), nuclear power production will grow by about 46% by 2040, of which 90% of the net increase will come from China and India
.

Due to the shortage of fossil fuels, India is seeking nuclear investment as an alternative to increasing the country's energy mix to finance
the country's infrastructure development.
At the same time, China's expansion of nuclear energy production capacity is accompanied by a push to diversify
its energy industry by improving energy efficiency, reducing carbon emissions, and moving away from fossil fuels.

India and China will drive the growth of world nuclear power production as the two developing countries, the world's largest consumers of energy, are pursuing their respective national nuclear energy programs
.

According to the State of the World Nuclear Industry 2018 report, global nuclear power production grew by 1% in 2017, with nuclear power units generating 2,503 terawatt hours (TWh) of electricity
throughout the year.
Excluding China, however, the reality looks very different: global nuclear power generation will decline
for the third year in a row.

Agneta Rising, director general of the World Nuclear Association, told the Singapore International Energy Week conference last week that Asia's nuclear power capacity grew by 8 to 9 percent
last year.
"The world's biggest nuclear growth is in the Asian region, especially in China and India," she said, "and nuclear power is fully compatible and necessary
for a low-carbon future.
" ”

China added three new reactors in 2017, bringing its total number of operating reactors to 41, second only to the United States and France
.
The country's nuclear power production also reached its highest level of the year: the State of the World Nuclear Industry report showed that its total production increased by 18% to 35 terawatt hours
.

As part of its 13th Five-Year Plan, China aims to increase its nuclear power capacity to 58 GW
by 2020.
However, the current 34.
5 GW of nuclear capacity still pales in comparison to renewables such as wind and solar, which are cheaper, cleaner and safer
to operate.

With 22 nuclear reactors, India is the seventh largest nuclear power nation
in the world, according to the International Atomic Energy Agency.
India's total net capacity is 6,255 MW, lagging behind China's 42,800 MW
.
But as regulations on foreign companies operating nuclear facilities in India ease, the country's main homegrown nuclear program is opening up, which could change the South Asian nation's nuclear posture
.

EDF, one of the world's largest nuclear power operators, is in talks with the Indian government to build six European pressure reactors
in India.
Marianne Laigneau, senior executive vice president of EDF Group, said the Jaitapur project, France, in partnership with India, has a total capacity of 9.
6 GW and will be "the world's largest nuclear power plant"
.

Globally, nuclear power capacity is expected to increase as countries continue to
step up their decarbonization efforts.
The World Nuclear Association said, "We are seeing a massive increase
in nuclear energy around the world.
In 2018 and 2019, we will have more reactors coming online
.
”