Guangdong Nuclear to develop 2 reactors in China
China Guangdong Nuclear Power Group will construct two 1,000-megawatt reactors in Lufeng, China, to help cover the increasing demand for power in Guangdong province. The company is also carrying out studies for 25 reactors with more than 28,000 megawatts of capacity. Bloomberg
Michele Kearney's Nuclear Wire
Major Energy and Environmental News and Commentary affecting the Nuclear Industry.
Showing posts with label Cameco. Show all posts
Showing posts with label Cameco. Show all posts
Thursday, December 30, 2010
Wednesday, December 22, 2010
Foreign uranium to feed 60 pct of China nuclear sector-research
China may need foreign uranium supply by 2020
China may depend on a foreign supply to secure at least 60% of the uranium needed for its power plants by 2020, researchers said. The country initially set a goal of 40 gigawatts of nuclear generating capacity, but it is considering doubling the value to achieve emissions-reduction goals. If this happens, China would need to boost investments and increase local production capacity because the supply is enough for only the 40-gigawatt target, the study suggests. Reutershttp://af.reuters.com/article/energyOilNews/idAFTOE6BK02620101221
China may depend on a foreign supply to secure at least 60% of the uranium needed for its power plants by 2020, researchers said. The country initially set a goal of 40 gigawatts of nuclear generating capacity, but it is considering doubling the value to achieve emissions-reduction goals. If this happens, China would need to boost investments and increase local production capacity because the supply is enough for only the 40-gigawatt target, the study suggests. Reutershttp://af.reuters.com/article/energyOilNews/idAFTOE6BK02620101221
Related articles
- Cameco to supply uranium to China (financialpost.com)
- Analysis: China's nuclear program boosts uranium producers (reuters.com)
- Scaling up world nuclear construction and uranium supply (nextbigfuture.com)
- Reviewing three bets on uranium production and nuclear power generation (nextbigfuture.com)
- China's National Development and Reform Commission Says new nuclear capacity target is 112 Gigawatts for 2020 (nextbigfuture.com)
- You: China to use own uranium resources to meet growing nuclear demand (nation.com.pk)
- China nuclear body recommends 2020 target of 70 GW (reuters.com)
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StumbleUpon,
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Thursday, December 9, 2010
China & India's Nuclear energy plans to drive global Uranium demand
Australia, Canada, Namibia wait in the wings as India's nuclear market is projected to grow to around $40 billion by 2020 with 18 new nuclear plants planned before 2020http://www.mineweb.com/mineweb/view/mineweb/en/page72103?oid=116592&sn=Detail&pid=102055
Related articles
- Scaling up world nuclear construction and uranium supply (nextbigfuture.com)
- Cameco to supply uranium to China (financialpost.com)
- Forget Gold and Oil, Buy Uranium! (blogs.forbes.com)
- You: China to use own uranium resources to meet growing nuclear demand (nation.com.pk)
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Cameco,
Canada,
India,
Namibia,
Nuclear,
Nuclear power,
United States,
Watt
Thursday, November 25, 2010
China prepares to export reactors
http://www.world-nuclear-news.org/NN-China_prepares_to_export_reactors-2511101.html
Starting from French reactors imported in the 1980s, Chinese engineers have developed their own large reactor systems to the point that exports appear possible from 2013.
Zhang Shanming, president of China Guangdong Nuclear Power Corporation (CGNPC), revealed the company's future export potential to delegates at the China International Nuclear Symposium, organised in Beijing this week by the World Nuclear Association and China Nuclear Energy Association.
Having imported two 900 MWe pressurized water reactors for the Daya Bay nuclear power plant, CGNPC engineers embarked on a development program that led to the CPR-1000 design. The first of these began operation at Ling Ao Phase II in September, while 16 are under construction and many more planned. A domestic supply chain has been built up with each project and now only about ten percent of components need to be imported.
By 2013, Zhang said, a further design evolution will clear certain areas of intellectual property retained by Areva, resulting in a Generation III design called the ACPR-1000 that CGNPC could market in other countries.
The current CPR-1000 design sits roughly between today's mainstream Generation II reactors and the latest Generation III units, with digital instrumentation and control systems and a design life of 60 years. Standard construction time is 52 months, and the unit cost for Chinese units so far has been under CNY 10,000 ($1500) per kilowatt.
Starting from French reactors imported in the 1980s, Chinese engineers have developed their own large reactor systems to the point that exports appear possible from 2013.
Zhang Shanming, president of China Guangdong Nuclear Power Corporation (CGNPC), revealed the company's future export potential to delegates at the China International Nuclear Symposium, organised in Beijing this week by the World Nuclear Association and China Nuclear Energy Association.
Having imported two 900 MWe pressurized water reactors for the Daya Bay nuclear power plant, CGNPC engineers embarked on a development program that led to the CPR-1000 design. The first of these began operation at Ling Ao Phase II in September, while 16 are under construction and many more planned. A domestic supply chain has been built up with each project and now only about ten percent of components need to be imported.
By 2013, Zhang said, a further design evolution will clear certain areas of intellectual property retained by Areva, resulting in a Generation III design called the ACPR-1000 that CGNPC could market in other countries.
The current CPR-1000 design sits roughly between today's mainstream Generation II reactors and the latest Generation III units, with digital instrumentation and control systems and a design life of 60 years. Standard construction time is 52 months, and the unit cost for Chinese units so far has been under CNY 10,000 ($1500) per kilowatt.
Related articles
- Cameco to supply uranium to China (financialpost.com)
- French nuclear power in 2010 and 2011 and Cameco has a new uranium contract with China (nextbigfuture.com)
- Westinghouse Expects Additional AP1000 Reactor Orders From China (businessweek.com)
- Westinghouse Expects AP1000 Reactor Orders From China (businessweek.com)
- UPDATE 1-Areva to sign China nuclear deals - report (reuters.com)
- Cameco, China sign long-term uranium deal (theglobeandmail.com)
- Cameco's deal with China buoys stock (cbc.ca)
- World nuclear energy for 2010 (nextbigfuture.com)
Thursday, November 18, 2010
China diversifies sources of uranium as nuclear power industry grows
TIANJIN, Nov. 18 (Xinhua) -- China is diversifying its sources of uranium to meet the rising demand in developing the nuclear power industry.
"Exploration and exploitation of domestic uranium will be prioritized for the country's mid- and long-term development of nuclear power," said Lu Xiaoming, director of the Nuclear Fuel Division of the China Atomic Energy Authority, at the China Mining Conference and Expo in north China's port city of Tianjin Thursday.
"We should rely on our own resources to acquire uranium," said Lu. "We will intensify our geological survey efforts to have a clear understanding of uranium resources, and bring technical innovation to the exploration and exploitation of uranium for greater efficiency."
China has accelerated the construction of nuclear power plants in recent years as the government seeks to readjust the country's energy mix to protect the environment for sustainable development.
When used in the civilian sector to fuel nuclear power plants, one kilogram of uranium-235 can theoretically produce as much energy as 3,000 tonnes of coal. More at:
http://news.xinhuanet.com/english2010/business/2010-11/18/c_13612126.htm
"Exploration and exploitation of domestic uranium will be prioritized for the country's mid- and long-term development of nuclear power," said Lu Xiaoming, director of the Nuclear Fuel Division of the China Atomic Energy Authority, at the China Mining Conference and Expo in north China's port city of Tianjin Thursday.
"We should rely on our own resources to acquire uranium," said Lu. "We will intensify our geological survey efforts to have a clear understanding of uranium resources, and bring technical innovation to the exploration and exploitation of uranium for greater efficiency."
China has accelerated the construction of nuclear power plants in recent years as the government seeks to readjust the country's energy mix to protect the environment for sustainable development.
When used in the civilian sector to fuel nuclear power plants, one kilogram of uranium-235 can theoretically produce as much energy as 3,000 tonnes of coal. More at:
http://news.xinhuanet.com/english2010/business/2010-11/18/c_13612126.htm
Wednesday, November 17, 2010
When Uranium Outshines Gold
EARLIER this month, Global X Funds of New York announced plans for two exchange-traded funds — one for gold stocks, the other, uranium. Initially, Bruno del Ama, its chief executive, figured he knew which would capture the market’s attention. After all, gold prices have surged in recent months.
As it transpired, he guessed wrong. Global X’s Uranium E.T.F. — with holdings in companies like the Cameco Corporation, Paladin Energy and Uranium One — was a hit as soon as it went on sale Nov. 9, with early trading volume outpacing Global X’s gold E.T.F. by five to one. “I’m in shock, to be honest,” he said. More at:
http://www.nytimes.com/2010/11/17/business/energy-environment/17FUND.html?src=busln
As it transpired, he guessed wrong. Global X’s Uranium E.T.F. — with holdings in companies like the Cameco Corporation, Paladin Energy and Uranium One — was a hit as soon as it went on sale Nov. 9, with early trading volume outpacing Global X’s gold E.T.F. by five to one. “I’m in shock, to be honest,” he said. More at:
http://www.nytimes.com/2010/11/17/business/energy-environment/17FUND.html?src=busln
Related articles
- Global X Funds Adds Uranium ETF to its Cleantech Fund Suite (prnewswire.com)
- Gold demand rises 12% on jewelry, investment (marketwatch.com)
- New Uranium ETF Another Way To Play Nuclear (blogs.forbes.com)
- Focus shifts from potash to uranium (theglobeandmail.com)
- Canada's uranium production is up (nextbigfuture.com)
- Uranium's Nuclear Profits (CCJ, URRE, UEC, URA) (247wallst.com)
- Uranium Energy Shares Popped: What You Need to Know (fool.com)
- Drumbeat: November 17, 2010 (theoildrum.com)
- Paladin narrows Q1 loss on higher output (news.theage.com.au)
- Cameco Jumps With Uranium (forbes.com)
- Uranium Resources Popped: What You Need to Know (fool.com)
- Uranium And Gold Heat Up Miners (forbes.com)
- ETFs May Be the Best Way to Buy Gold (blogs.forbes.com)
Labels:
Business,
Cameco,
Exchange-traded fund,
Funds,
Investing,
Paladin Energy,
Uranium,
Uranium One
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