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Small Modular Reactors for Enhancing Energy Security in Developing Countries

Author

Listed:
  • Ioannis N. Kessides

    () (Development Research Group, The World Bank, 1818 H Street, N.W., Washington, DC 20433, USA)

  • Vladimir Kuznetsov

    () (Consultant, The World Bank, 1818 H Street, N.W., Washington, DC 20433, USA)

Abstract

In recent years, small modular reactors (SMRs) have been attracting considerable attention around the world. SMR designs incorporate innovative approaches to achieve simplicity, modularity and speed of build, passive safety features, proliferation resistance, and reduced financial risk. The incremental capacity expansion associated with SMR deployment could provide a better match (than the large-scale reactors) to the limited grid capacity of many developing countries. Because of their lower capital requirements, SMRs could also effectively address the energy needs of small developing countries with limited financial resources. Although SMRs can have substantially higher specific capital costs as compared to large-scale reactors, they may nevertheless enjoy significant economic benefits due to shorter build times, accelerated learning effects and co-siting economies, temporal and sizing flexibility of deployment, and design simplification.

Suggested Citation

  • Ioannis N. Kessides & Vladimir Kuznetsov, 2012. "Small Modular Reactors for Enhancing Energy Security in Developing Countries," Sustainability, MDPI, Open Access Journal, vol. 4(8), pages 1-27, August.
  • Handle: RePEc:gam:jsusta:v:4:y:2012:i:8:p:1806-1832:d:19451
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    References listed on IDEAS

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    1. Roques Fabien A. & Newbery David M. & Nuttall William J., 2005. "Investment Incentives and Electricity Market Design: the British Experience," Review of Network Economics, De Gruyter, vol. 4(2), pages 1-36, June.
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    Cited by:

    1. Iyer, Gokul & Hultman, Nathan & Fetter, Steve & Kim, Son H., 2014. "Implications of small modular reactors for climate change mitigation," Energy Economics, Elsevier, vol. 45(C), pages 144-154.
    2. repec:gam:jsusta:v:10:y:2018:i:1:p:235-:d:127378 is not listed on IDEAS
    3. repec:eee:energy:v:140:y:2017:i:p1:p:1148-1157 is not listed on IDEAS

    More about this item

    Keywords

    nuclear power; small modular reactors; nuclear safety;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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