China raises nuclear power target to 5% by 2020
According to a nuclear power development plan issued in 2007, China's objective was to have nuclear power make up 4%, or 60 gigawatts (GW), of its total installed capacity. The new goal now sets the target for nuclear power at more than 70 GW.
China has 11 nuclear power units in operation at six nuclear power stations with a combined total capacity of nearly 10 GW. Gao Shixian, Director of the Energy Research Institute of the National Development and Reform Commission, stated that reaching 5% is feasible.
Although the announcement is attracting a number of companies into the market, China Guangdong Nuclear Power Corporation and China National Nuclear Corporation maintain their status as leaders in China's nuclear power development. However, the market could change, as more companies launch nuclear development plans to reduce their reliance on coal.
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UK families living close to nuclear power stations could get free electricity
LONDON - UK Business Secretary Jacob Rees-Mogg has endorsed a French-style system that sees people living near nuclear power stations receive free electricity.
Speaking at an event organised by Policy Exchange think tank, Jacob Rees-Mogg said: “Nuclear power is just fundamental. There’s no way we can get to net zero, or even have an intelligent electricity strategy, without nuclear.”
Highlighting that this was his view and not a government policy announcement, he said: “We should copy the French. As I understand, if you live near a nuclear power station in France, you get free electricity and that’s great because then, I’ll have…
