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ThorCon Power Proposes Indonesia's First Nuclear Power Plant

PT ThorCon Power Indonesia (South Jakarta, Indonesia) has submitted a proposal to the National Energy Council for the preparation and implementation of the TMSR500 nuclear reactor as the country's first nuclear power plant.

Released Tuesday, December 03, 2024

ThorCon Power Proposes Indonesia's First Nuclear Power Plant

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Researched by Industrial Info Resources (Sugar Land, Texas)--PT ThorCon Power Indonesia (South Jakarta, Indonesia) has submitted a proposal to the National Energy Council for the preparation and implementation of the TMSR500 nuclear reactor as the country's first nuclear power plant. The initiative involves collaboration with key institutions, including the Energy Strategy and Policy Agency, UGM's Faculty of Engineering and Bangka Belitung University.

The project emphasizes the strategic importance of nuclear energy in addressing Indonesia's energy deficit, with projections of a 2-gigawatt (GW) shortfall by 2034 in Java and eight to 10 GW nationally by 2040.

ThorCon aims to deliver a 500-megawatt (MW) facility on Kelasa Island, Bangka Belitung, by 2030, offering electricity at less than US$0.069 per kilowatt-hour without government funding. Future plans include expanding capacity to 3,500 MW by 2035. This initiative is seen as a pivotal step in Indonesia's journey toward energy independence and sustainability, with the potential to reduce electricity subsidies and position the country as a provider of nuclear technology globally.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the project report.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).

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