Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.
Showing posts with label China Daily. Show all posts
Showing posts with label China Daily. Show all posts

Friday, December 3, 2010

China raises 2020 nuclear capacity target by 62 per cent to 114 GW



Published: Dec 3, 2010
China has reportedly raised its target for the construction of new nuclear reactor to 114 GW by 2020, a 62.8 per cent rise on an earlier target of 70 GW.
 
The figures released by the National Development & Reform Commission represent a significant increase from a prior target of 70 GW issued last May by Zhang Guobao, head of China’s National Energy Administration, according to an American Nuclear Society blog.
 
Reuters reported that the China Nuclear Energy Association, headed by Zhao Chenkun, said that the 70 GW target is too low. China currently has a reported 23 reactors under construction and another 140 on drawing boards in various stages of readiness to proceed. Chinese nuclear energy officials, however, later said that 80 GWe was a more likely target.
 
According to the China Daily, Geng Zhicheng, a spokesman for the commission, told a nuclear energy conference in Beijing that if this target (114 GW) is met, nuclear power will account for just 7 per cent of the nation’s estimated need for 1600 GW of power by 2020.
 
According to Steve Kidd, of the World Nuclear Association, speaking at the same conference, China has targeted increasing total non-fossil energy to 15 per cent of the total by 2020.

http://www.powergenworldwide.com/index/display/articledisplay/5022274998/articles/powergenworldwide/nuclear/reactors/2010/12/china-raises_2020.html

 
Enhanced by Zemanta

Friday, September 24, 2010

China nuclear firm unveils huge investment plan



Beijing (AFP) Sept 21, 2010 China's main nuclear power company plans to invest nearly 120 billion dollars to expand its business over the next decade, state media said Tuesday, amid efforts to boost renewable energy sources. To fund the 800-billion-yuan spending spree, state-run China National Nuclear Corp (CNNC) intends to list its subsidiary, CNNC Nuclear Power Co Ltd, the China Daily said, citing senior officials from both companies.
"We plan to rope in strategic investors by the end of this year," said Chen Hua, president of CNNC Nuclear Power Co Ltd.
"Our company will get ready for listing in the first half of next year," Chen said, without specifying which stock market it was targeting.
Enhanced by Zemanta