Earlier this month India’s secretary for the department of atomic energy (DAE) announced that India can now manufacture nuclear reactors at $1700/KW (for a 700 MW reactor). The average international cost is between $2500/KW and $3000/KW (for a 1000MW reactor).
The relevance here goes beyond one country enjoying a manufacturing cost advantage over its competitors. The inexorable demand for more electricity and the vital need to meet it with clean power is an unbeatable catalyst for the growth in nuclear power. Reducing the costs of constructing new reactors will make it easier for the industry to deliver on the world’s demand.
