How much does an ASEAN micro-module cost
The estimated cost of an ASEAN small modular reactor (SMR) micro-module is likely over $10,000 per kilowatt, though no unit has yet been fully licensed or built in the region.
Cost Estimates
Current analyses indicate that SMR projects tracked globally, including potential ASEAN deployments, have costs exceeding $10,000 per kilowatt of installed capacity . This figure reflects early-stage development, regulatory compliance, and the high cost of modular nuclear technology. For a typical micro-module of 50–300 MW, this translates to hundreds of millions to over a billion USD per unit, depending on size, design, and local infrastructure.
Factors Affecting Costs
- Licensing and Regulatory Compliance: ASEAN countries, like Singapore, have yet to fully license SMRs, which adds uncertainty and potential cost escalation .
- Construction and Supply Chain: SMRs require specialized components, often imported, and modular assembly can reduce but not eliminate high upfront capital costs .
- Site Preparation and Infrastructure: Even small reactors need secure sites, grid connections, and waste management solutions, which can significantly increase total project costs .
- Economies of Scale: Costs may decrease with multiple units or regional collaboration, but ASEAN currently lacks operational SMRs, so initial units are likely the most expensive .
Regional Context
While ASEAN nations are exploring nuclear energy as part of long-term energy planning, no SMR has been deployed in the region yet, and Singapore has been advised not to act as a test bed due to high costs and waste management challenges . Malaysia, Vietnam, Thailand, and Indonesia are monitoring global developments and may adopt SMRs in the future, but initial micro-module costs will remain high until regulatory and supply chain frameworks mature. In summary, an ASEAN SMR micro-module is expected to cost well over $10,000 per kilowatt, with total project costs potentially reaching several hundred million USD, influenced by licensing, construction, and infrastructure requirements .
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