The present report, which is significantly more comprehensive than the previously one, addresses the rationale and basic motivations that lead to a continuing development of nuclear technology, provides an overview of the world status of current LWRs, describes the present market situations, and identifies desired characteristics for future plants. The report also provides a detailed description of utility requirements that largely govern today`s nuclear development efforts, the situation with regard to enhanced safety objectives, a country wise description of the development activities, and a technical description of the various reactor designs in a consistent format. The reactor designs are presented in two categories: (1) evolutionary concepts that are expected to be commercially available soon; and (2) innovative designs. The report addresses the main technical characteristics of each concept without assessing or evaluating them from a particular point of view (e.g. safety or economics). Additionally, the report identifies basic reference documents that can provide further information for detailed evaluations. The report closes with an outlook on future energy policy developments.