No. of Recommendations: 25
I consider it a macro trend if the Chinese announce they plan on building more nuclear electric power capacity than the rest of the world combined.

CHINA is on track to become the world's largest generator of nuclear power between now and some time in the 2020s, a senior Rio Tinto executive says.

Rio Tinto Energy's general manager of markets and industry analysis, Stephen Wilson, said China was now about the eighth or ninth largest nuclear energy producer.

By the end of the decade, China was expected to leap to the number two position, he said, before overtaking the US in the 2020s, producing 100 gigawatts of power.

"Their vision is to produce 400 gigawatts of nuclear power by 2050. That's been publicly stated by Chinese officials," Mr Wilson told the Australian Institute of Energy national conference in Sydney yesterday. "That's more than the whole world has got today."


The US currently has about 100 GW of nuclear capacity, and the Chinese are planning for 400 GW.

China put a temporary hold on new nuclear construction after the Fukushima crisis in Japan, but they recently lifted the moratorium with plans to start approving new plants soon.

Another new condition is that only reactor designs meeting Generation-III safety standards are to be approved from now on in China. This terminology describes step-change improvements in safety and economy compared to the Generation-II units that make up most of today's commercial reactor fleet. China's imported EPR and AP1000 reactors are considered Generation-III, but the CPR-1000 design developed from previous French imports has been variously described as Generation-II or Generation-II+.

- Pete
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.