NUCLEAR ENERGY IMPORTANCE AND ECONOMIC GROWTH OF POWER

Recently announced ambitious investments in the Finnish nuclear power sector could create bright prospects for companies directly and peripherally operational in this market through 2030. The nuclear power sector in Finland is expected to receive a fillip with Hanhikivi 1 due to come online by 2024. The 1,200 MW nuclear power plant, once operational, could feed the country nearly 10% of its energy. As of June 2016, it is estimated that the four operational nuclear power plants in Finland collectively supply the country with nearly 30% of its energy.

Besides creating a bouquet of opportunities for companies engaged in the nuclear power sector in Finland, multibillion Euro projects such as this one could lend the country’s economic growth a helping hand. Like many of its counterparts in Europe, Finland is also looking to incorporate more biomass-based fuels to satiate its hunger for energy. All the same, recent reports prove that the company is simultaneously looking toward nuclear power to play the anchor role in its energy mix that coal once played. This could create well-paying long-term opportunities in Finland’s nuclear industry.

Details- https://goo.gl/qvgPDJ

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