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China poised to speed up nuclear power investment

The development of nuclear power in China is set to gain momentum in the next five years as the country prepares to inject hundreds of billions of yuan into building nuclear plants. More than 100 nuclear power plants will be put into operation by 2020, with a nationwide capacity tripling that of 2014 to reach 58 million kilowatts, the China Times reported, citing a draft for the 13th Five-Year Plan (2016-20).

According to the document, the government is expected to invest about 500 billion yuan (S$109 billion) to build six to eight new plants annually during the period.

By AsiaOne News

China, November 27, 2015

AsiaOne News

The development of nuclear power in China is set to gain momentum in the next five years as the country prepares to inject hundreds of billions of yuan into building nuclear plants.

More than 100 nuclear power plants will be put into operation by 2020, with a nationwide capacity tripling that of 2014 to reach 58 million kilowatts, the China Times reported, citing a draft for the 13th Five-Year Plan (2016-20).

According to the document, the government is expected to invest about 500 billion yuan (S$109 billion) to build six to eight new plants annually during the period.

Chinese nuclear energy authorities have recently concluded research into 31 nuclear power generation facilities in some inland regions, indicating the controversial resumption of new plants’ operation in the near future.

The country suspended its nuclear power projects in the wake of Japan’s Fukushima disaster in 2011.

In the meantime, Chinese companies have been stepping up efforts to go global with their top-notch nuclear power technologies in recent years.

Read more at AsiaOne News

 

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