Wednesday, December 05, 2007

China Turning to Nuclear Power

China, in its quest to generate more power to sustain its economic growth (at a rate of 11% per annum) in all sectors, are turning to nuclear power.

China Guangdong Nuclear Power Group Co. being one of the main nuclear power operator in China has ordered two nuclear reactors recently from Areva SA, who so happened to be the world's largest nuclear reactor maker. The 2 new nuclear reactors will be located in Taishan city at southern Guangdong province.

Upon completion of the nuclear reactors by Areva SA, it gets to supply fuel to operate 2 of those nuclear reactors up to year 2026. What a good deal indeed! This 2 nuclear reactors will be partly owned by Electricite de France SA, Europe's largest power generator.

Besides Areva SA, Toshiba Corp.'s U.S.-based Westinghouse Electric Co. is another company that is competing for those nuclear reactors that China has intended to build.

Guess how many of them? China intends to add 2 nuclear reactors each year and targets to have 26 by year 2026. What a staggering reliance on nuclear power. Just this year alone, China has awarded Areva SA and Westinghouse Electric Co. to build nuclear reactors at a cost of US$11.9 billion and US$5.3 billion respectively.

The government of Malaysia did sound out that nuclear power is possible in year 2020. Let's compare the cost when it comes around. Indonesia has plans laid out to build a huge 4,000 megawatt nuclear plant by 2010 and targetted to have 6 gigawatts of power by 2025.
Tags: Nuclear Power, Nuclear Reactor, Nuclear, China, Taishan, Guangdong, Areva SA, Toshiba Corp, Westinghouse Electric Co, China Guangdong Nuclear Power Group Co, Electricite de France SA, Megawatt, Gigawatt

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Blogger 3POINT8 said...

26 nuclear reactors in china??
WoW! China sure is developing fast!

05 December, 2007 22:05  
Blogger Johnny Ong said...

really hope that proper maintenance will be given once up and running. wldnt want to see anor chernobyl in china.

russia is goin at it too, 2 reactors each yr from 2010 to 2030

06 December, 2007 09:42  

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