China's ambitious plan for more nuclear power

[2008-7-16]

Tag : line reactors

"They know the Chinese have a lot of money and they're notnecessarily as rigid as Western investors," said Bob Herrerra Lim,an analyst for Eurasia Group, a consulting firm based in the UnitedStates. "The Chinese could be the accelerator. They could say,'We're willing to take a longer term look, because these countrieshave a strategic value to us.' And obviously there's a lot ofpolicy behavior in many of their companies."

The timing could not be better for China, as the fight againstclimate change and the search for cheaper energy sources revivesglobal interest in nuclear power.

"Their technology will improve, and worldwide demand is big," saidColette Lewiner, an analyst at Capgemini, adding that when demandstarts to grow at a high pace again, "Areva, Westinghouse and othernuclear reactor suppliers cannot meet it on their own."

"I know it is serious," she said, because the Chinese had "told methey are looking for partners to export the technology."

But China is also ramping up its domestic nuclear expansion plans,aiming for a total of 60 gigawatts by 2020. Its current nuclearcapacity is only 9 gigawatts, under 2 percent of its totalinstalled power generation capacity.

Its own experts admit that they will have to devote most of thecountry's technical knowledge and a large portion of both listedand state-owned companies' capital to what will be the fastestnuclear build-out the world has ever seen.

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