Areva - Reference Document 2016

06

BUSINESS OVERVIEW

6.1 Markets for nuclear power and renewable energies

REACTORS IN OPERATION OR UNDER CONSTRUCTION WORLDWIDE AT YEAR-END 2016

Europe

CIS

134

52

11

North America

118

4

Southern & Eastern Asia

131

4

Africa & Middle East

33

7 7

South America

7 2

In service Under construction

Sources: IAEA and WNA, restated by AREVA.

OUTLOOK FOR INSTALLED NUCLEAR GENERATING CAPACITY Nuclear power’s recognized advantages include its competitiveness and cost predictability, security of supply, and the reduction of greenhouse gas emissions. These advantages are expected to lead to the modernization and optimization of existing reactors to further increase their safety and possibly available capacity. They are also expected to contribute to new reactor construction to replace or expand installed generating capacity worldwide, and thus to be a potential source of long-term growth for all nuclear fuel cycle operations. With the prospect of increasing reliance on nuclear power over the years to come, especially in emerging countries, the International Atomic Energy Agency (IAEA) is seeking to promote the establishment of a new framework to respond effectively to demand from different countries while still limiting the risks of proliferation. For example, the IAEA is leading the International Project on Innovative Nuclear Reactors and Fuel Cycles (INPRO) to anticipate the specific needs of developing countries and to help emerging countries acquire the necessary infrastructure for a nuclear power program. At the same time, the IAEA is working to establish mechanisms to guarantee fuel supply and related services so that nuclear facilities which are sensitive in proliferation terms do not come into being. Lastly, following the Fukushima accident, the IAEA adopted a multi-disciplinary Nuclear Safety Action Plan to further improve nuclear safety in global nuclear power production.

Nuclear power continues to grow around the world, led mainly by China, Russia, South Korea and India, as well as by a number of countries which are examining the nuclear option as a new component of their energy mix. According to the IAEA and the World Nuclear Association (WNA), 60 reactors were under construction worldwide at the end of 2016 (compared with 66 at the end of 2015); 165 reactors were in project or on order (compared with 158 at the end of 2015, 181 at the end of 2014, 170 at the end of 2013, 165 at the end of 2012 and 152 at the end of 2011); and more than 300 more are planned in the coming years. Three main types of reactors are involved: p light water reactors, which represent about 82% of the global fleet and may be further divided into two categories: most are pressurized water reactors (PWR), which represent practically all of the new builds, while the remainder are boiling water reactors (BWR). There were 368 light water reactors in service in 2016, including 57 VVER reactors, a Russian-designed PWR; p Canadian-designed heavy water Candu reactors, of which there were 49 in operation at the end of 2016. Other types of reactors in service include Russian-designed light water graphite reactors (RBMK) and breeder reactors, but their number and power rating are marginal on the international level.

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2016 AREVA REFERENCE DOCUMENT