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Sources: H Countries re-engaging nuclear power 92 U YELLOW CAKE PLC Rather than declining, western demand for nuclear power is stable to growing through reactor life extensions and new construction ■ Five operating reactors with another planned, will take nuclear contribution to 60% + ‣ ■ On 16 February, Finland's government issued operating license extensions until the end of 2050 for Units 1 & 2 at the Loviisa nuclear plant, which had previously been set to expire in 2027 and 2030 Due to a long-standing policy based on energy security, 70% of France's electricity is from nuclear energy ■ March 2023, President Macron's office announced funding for six EPR-2 PWRs across the country, a US$50bn proposal for the nation's new-build reactor program will be presented to the government by the end of 2023 February 2023, Japan's Cabinet approved nuclear reactors to operate beyond the current 60-year statutory limit Government aims to restart additional 7 reactors by this summer :: In 2021, Netherlands announced plans to build two nuclear reactors by 2035, which should supply up to 13% of the country's total electricity production ■ The government has earmarked US$5.3bn in funding, and construction is expected to commence in 2028 ■ Nuclear power plants accounted for 29.6% of South Korea's total power generation in 2022, with the government aiming for 32.4% by 2030 ■ South Korea restarted construction of idled project Swedish state run utility, Vattenfall, is considering adding up to 2,800 MWe to the Ringhal nuclear power plant's current capacity of 2,190 Mwe ■ The company is also advancing plans for several SMRs, each with an output power between 300 MWe to 400 MWe Reuters, "Netherlands plans to build two nuclear power plants by 2035", December 2022; UxC Weekly, Vol 37, No 10; UxC Weekly, Vol 37, No 8; UxC Weekly, Vol 37, No 5 13

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