Nuclear Power Market in Slovakia

Slovakia currently has four nuclear reactors supplying half of the country’s electricity needs and two more plants are under construction. Last year, the country produced about 28.1 billion kWh gross, 55% of this from nuclear power. Slovakia has gone from being a net exporter of electricity – of some 2 billion kWh/yr, to being a net importer following the shutdown of the Bohunice V1 reactors. All of the country's gas comes from Russia. From 2005 to 2008, operator Slovenske Elektrarne (Slovak Electric, SE) carried out a major modernization program on the two Bohunice V2 units, to improve seismic resistance, cooling systems, and instrumentation and control (I&C) systems with a view to extending operational life to 40 years i.e. up to the year 2025.

In the lead up to EU accession in 2004, nuclear industry representatives from Eastern Europe called for the introduction of transparent and rational EU safety standards rather than punitive closures of reactors which had been substantially upgraded. In particular, the Slovak Bohunice V1 units were cited as prime examples of the high safety standards which such reactors could achieve through upgrading with input from Western firms such as Siemens.

The plans for a new reactor at Bohunice were announced in April 2008 for 1000-1600 MWe, probably using Western technology to enable MOX use. In December 2008, Czech utility CEZ was announced as the 49% joint venture partner, with state-owned Javys holding 51%. The formal Jess (Jadrova energeticka spolocnost Slovenska, Slovakia Nuclear Energy Company) joint venture agreement was signed in May 2009. Construction is planned to start in 2013, the expected cost being €3.32 billion (for a 1200 MWe unit).

In this industry scenario, Taiyou Research analyzes the Nuclear Power Market in Slovakia.

Divided into five chapters, this in-depth research offering from Taiyou Research is a complete analysis of the nuclear power market in Slovakia.

The report deals with an overview of the global power market which is consistently rising due to rapid industrialization resulting in ever increasing demand for power. 66% of global power market is dominated by thermal power sources viz. coal and petroleum but stringent emission norms and depletion of sources is driving global attention towards renewable technology and nuclear power with a 7.5% market share is going to play a major role in future.

In spite of the Chernobyl disaster and the more recent Fukushima setback, the global installed nuclear capacity is likely to increase at a CAGR of nearly 4% and nuclear generation at a CAGR of 3.9% during 2011-2020. In comparison to other technologies the nuclear power has a nominal impact on greenhouse gas emission.

Chapter 1: Introduction to Nuclear Power covers the following:

• An industry definition and an overview of nuclear power.
• Present-day use of nuclear power and looking at why we need nuclear power?
• We look at the various reasons why the world needs nuclear power, such as the rising energy demand in the world, the global power situation, environmental impact of nuclear, and many others.
• An in-depth comparison is carried out of nuclear power and other power generating technologies such as gas and coal.

Chapter 2: Analysis of the Global Nuclear Power Industry covers the following:

• An analysis of the global nuclear power industry through a market profile, market statistics, industry value and volume analysis, industry capacity and generation analysis, and much more.
• We carry out region-wise industry segmentation, and also analyze the technological trends in the industry and an industry outlook.
• We carry out an analysis of the global nuclear power industry in a Porter's Five Forces Framework. We look at the global nuclear power industry by taking nuclear energy providers as key market players. The section analyzes the forces driving competition in the industry viz. buyer power, supplier power, new entrants, substitutes and rivalry amongst major players in the industry.
• A brief profile of the emerging nuclear power markets sums up this chapter.

Chapter 3: Nuclear Power in Slovakia covers the following:

• An analysis of the nuclear power industry in Europe through a market profile, industry statistics, industry value & volume analysis, industry capacity and generation analysis, and a country-wise segmentation of the industry.
• We analyze the Slovakian nuclear power industry through a market profile, industry statistics, the impact of the Fukushima nuclear disaster, regulatory framework, and a look at the decommissioning of reactors in Lithuania.

Chapter 4: Analysis of Major Global Players is an in-depth study of the major players in the global nuclear power industry with special emphasis on company overview, business analysis and a SWOT analysis of the key players. We include an analysis of nearly 15 players in the industry.

Concluding with Chapter 5, we include an appendix, a glossary of terms, and a research methodology.

Overall, Taiyou Research’s report on the nuclear power market in Slovakia is in depth-study of the Slovakian nuclear power market.

Taiyou Research’s report makes an intensive study of the installed capacity and generation, nuclear facilities and region, regulatory policies and framework, major players and competitive scenario with business viability of the Slovakian nuclear power industry.