Russia's Dominating Power Play - Nuclear Power Plant

Nov 16,2018 | Manufacturing

Nuclear power plants heat water to produce steam. They do this by using nuclear reactors, in which the heat generated by the reactor converts water into steam, which then spins a turbine and a generator. Nuclear power plants run very similar to coal-fired power plants. However, they require more safety measures, since the use of nuclear fuel has different properties unlike coal or other fossil fuels.

 Nuclear power stations are usually considered to be base load stations, since fuel is a small part of the cost of production. Their operations and maintenance (O&M) and fuel costs are, along with hydropower stations, at the low end of the spectrum which make them suitable as base-load power suppliers. Nuclear power satisfies the rising appetite of developing countries for large-scale energy sources which is combining with a growing desire to hit climate change targets. Russia is one of the world's largest producers of nuclear energy. It has been steadily moving forward in this space, with the development of the new reactor technology. Russia got its first nuclear plant in 1954 in the city of Obninsk that generated 5 MWe (Megawatts electric) of electricity. In the year 1962-63 and 1971-73, the first commercial purpose nuclear plants were built. The first commercial power plants started in 1963-64. The country also introduced the world's first floating nuclear power station in the port of the far northern city of Murmansk. Nuclear reactors – initially called atomic piles, are used to start and control a nuclear chain reaction in power plants. As of April 2018, China and Russia have the largest number of planned nuclear reactors, totaling 41 and 25 reactors. Globally, both countries have a relatively high number of functioning nuclear reactors compared to other nations. Reactors can be used for medical or industrial purposes, as well as for weapons production. Exports of nuclear goods and services are a major Russian policy and economic objective. For export construction, over 20 nuclear power reactors are confirmed or planned. In 2017, the estimate of the orders received from other countries were $133 billion. To know more about the Russian and Global Nuclear Power Plant market, Bharatbook.com offers an exclusive report that presents a comprehensive overview, market shares, and growth opportunities of the Nuclear Power Plant market by application, key manufacturers and key regions. It covers the present scenario (with the base year being 2017) and the growth prospects for 2019-2025.