Nuclear energy has been harnessed around the world. Its increased usage has outlined its importance as an alternative source of energy to the deteriorating fossil fuels. The rising prices of fossil fuels have hastened our search for alternative sources of energy and the increasing demand for electricity has motivated us to explore nuclear energy, which offers a low production cost for electricity when compared to other sources.
The purpose of the study is to investigate the feasibility of harnessing nuclear energy in Singapore to meet future energy demand and to determine whether Singapore should build one on its own or cost-share with neighboring countries such as Malaysia and Indonesia. The study recommends that Singapore should consider utilizing nuclear energy as current energy sources are not sufficient to meet growing energy demand and the choice of location of a nuclear power plant should be based on the cost structure.
The findings and recommendations are relevant to the evaluation in harnessing nuclear energy. The quantitative calculations may act as a gauge for the cost involved before further plans are initiated.Bachelor of Art
