China plans to build 10 more nuclear reactors
By Wang Ying (China Daily)
Updated: 2005-07-15 06:13

Liu said his company aims for a balanced portfolio in power generation, using coal, hydro and nuclear sources. "We already have 1,350 megawatts of nuclear power generation capacity, through owning stakes in the existing Zhejiang and Guangdong nuclear power plants," the director added.

But he declined to give details about the shareholder structure for the 10 new reactors.

In an effort to cut pollution and its reliance on oil imports, China has vowed to increase its use of nuclear energy. The nation has set an ambitious target of building at least two new reactors a year. By 2020, 4 per cent of China's power needs will be supplied by nuclear energy, compared with some 2 per cent now.

The country currently has nine nuclear reactors running in the Zhejiang and Guangdong provinces and, by adding in the two reactors currently under construction in East China's Jiangsu Province, total capacity stands at about 9,000 megawatts.

Locations for the country's nuclear power plants have been selected at coastal areas in Guangdong, Zhejiang, Shandong, Liaoning and Fujian, a director named Chen from the China National Nuclear Corp (CNNC) told China Daily yesterday.

Chen said at least 10 domestic companies, including CNNC and CPIC, have participated in building nuclear plants across the country.

CPIC, the Beijing-based parent company of Hong Kong-listed China Power International Development Ltd, boasted corporate capital of 102.9 billion yuan (US$12 billion) at the end of last year and its aggregate installed capacity reached approximately 28 gigawatts for the same period.

(China Daily 07/15/2005 page9)

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