China, India continue to fuel nuclear power growth

India and China are continuing to build their nuclear power facilities with the aim of reaching 60,000 megawatts of capacity each by 2030 despite the worldwide nuclear slowdown triggered by the Fukushima disaster, the Business Standard reported quoting the International Atomic Energy Agency (IAEA). The IAEA said in its latest report that by 2030 the world’s installed nuclear power capacity is likely to reach at least 501 gigawatts or at most 746GW; the figures represented decreases of 8% and 7%, respectively, from IAEA’s 2010 projections. India, China, Japan, the Republic of Korea and Pakistan still remain strongly invested in nuclear expansion. India has planned 17 new reactors and proposed a total of nearly 40, while China is constructing 28 reactors and finalizing plans for an additional 12.