IAEA Board Of Governors Endorse Two Year Budget Plan

 

 

…Says 449 Nuclear Reactors Operates In 30 Countries

Yemisi Izuora

The International Atomic Energy Agency (IAEA) Board of governors has adopted a two-year programme and budget for the period 2018-2019.

According to a press release issued by the South African Department of International Relations and Cooperation, negotiations for the budget started in early January 2017, subsequently declared last week in Vienna.

In welcoming the adoption of the budget, Ambassador Tebogo Seokolo, South Africa’s permanent representative to the United Nations (UN), noted that adoption of the budget is an expression of the commitment of member states to the work of the organisation in keeping with its motto of Atoms for Peace and Development.

The adoption of the IAEA budget will enable it to continue to discharge its mandate, which among others is to support its members to utilise nuclear science and technology to meet their developmental needs and priorities.

South Africa is an active and highly regarded Member State of the IAEAdue to the development of its peaceful nuclear programme.

Through the power plant in Koeberg, the country generates 5% of total electricity supply from nuclear.

The press release also mentioned that other key outcomes of the session of the Board included the adoption of the IAEA Annual Report for 2016.

The report highlights, among others, the contribution of nuclear energy to electricity generation.

It is indicated in the report that there are currently 449 nuclear power reactors in 30 countries and the installed nuclear capacity is now the highest it has ever been at 392GW electrical.

According to the report. 20 new reactors were connected to the grid in the last two years, the highest number since the 1980s, while 60 power reactors are being built around the world, mostly around Asia.

These advanced nuclear reactors are said to be safer and more reliable and will assist to meet the energy needs of countries as well as further reduce greenhouse emissions.

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