ill need nearly 2 000 GW. China will need more new capacity than any other country or region. More than a third of this new capacity will be built to replace ageing power plants in China: most existing coal-fired capacity will have to be replaced by 2030. Over a third of existing nuclear plants in the OECD are expected to be shut down before 2030, either because they become too old or because of government policies to phase out INFRASTRUCTURE TO 2030: TELECOM, LAND TRANSPORT, WATER AND ELECTRICITY - ISBN 92-64-02398-4 © OECD 2006 3. OUTLOOK FOR GLOBAL INVESTMENT IN ELECTRICITY INFRASTRUCTURE Table 3.5. Electricity generating capacity additions and total electricity investment by region in the Reference Scenario, 2003-30 Capacity Investment (2 000 USD billion) additions Generation Transmission Distribution Total 1 975 3 940 OECD Europe OECD North America 1 827 OECD Pacific Transition economies Russia Developing countries 2 153 2 090 China 2 063 East Asia Indonesia South Asia India Latin America Brazil Middle East Africa World 4 784 4 607 1 539 3 652 9 798 nuclear power. The transition economies will have to build some 370 GW, with half of this capacity replacing ageing nuclear and fossil-based plants. About 8% of the new capacity that will need to be built worldwide between now and 2030 is already under construction, and another 21% is planned. The largest as-yet-unplanned capacity additions will be in OECD North America and OECD Europe. Africa, Latin America (excluding Brazil) and Indonesia have very little capacity being built. These three regions could fall short of meeting local demand if they fail to attract sufficient investment to speed up construction. China will need to accelerate the pace of construction of new power plants if it is to avoid a repetition of recent electricity shortages. India will also need to accelerate capacity additions to meet increasing demand and to improve electrification rates. Total cumulative electricity investment needs worldwide will amount to USD 9.8 trillion in year-2 000 d