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.
Related News
Electricity subsidies to pulp and paper mills to continue, despite NB Power's rising debt
FREDERICTON - An effort to fix NB Power's struggling finances that is supposed to involve a look at "all options" will not include a review of the policy that requires the utility to subsidize electricity prices for six New Brunswick pulp and paper mills, according to the Department of Natural Resources and Energy Development.
The program is meant "to enable New Brunswick's pulp and paper companies have access to competitive priced electricity," said the department's communications officer Nick Brown in an email Monday
"Keeping our large industries competitive with other Canadian jurisdictions is important," he wrote, knocking down the idea the subsidy…
