Nuclear Power Engineering
Water is a better coolant than a gas (like CO₂, He, N₂ etc.), because it

Requires comparatively smaller pumps and heat exchanger for a given heat transfer rate
Is a better neutron moderator as well
All of these
Has a better heat transfer characteristics, and it can be pressurised to attain a high temperature

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Nuclear Power Engineering
In a pressurised water reactor (PWR), the

Coolant water is pressurised to prevent bulk boiling of water in the core
Use of moderator is not required
Coolant water boils in the core of the reactor
Fuel is natural uranium and heavy water acts both as moderator & coolant

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