HomeIndustry SectorsFinance and PolicyIAEA Board of governors approve two-year budget

IAEA Board of governors approve two-year budget

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.

IAEA budget

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 IAEA due to the development of its peaceful nuclear programme.

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

IAEA annual report

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. Read more…

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.

Babalwa Bungane
Babalwa Bungane is the content producer for ESI Africa - Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast.