China is Planning to Expand Their Nuclear Energy Capacities

Published By : 25 May 2015 | Published By : QYRESEARCH

China's aim is to double their nuclear power capacity by the end of 2020. For this aim they will have to prominently reduce their reliance on coal, which presently supplies around 70% of their energy requirements but with the obvious costs of environment. The re-start of this specifies billions of dollars in the potential recent business for Chinese and several foreign organizations in the next decade. 

The top leaders of China are supporting the state-owned nuclear organizations to go with the overseas business, while the private companies in China have been very busily in developing the homegrown reactors for the potential exports.

In January, Premier Li Keqiang stated that the government aims to turn the whole nation into a very strong nuclear industry player and at the same time they are also stressing that they would be very careful in monitoring the safety issues in expanding the domestic industry.

Furthermore, the government is planning to increase the number of the nuclear power plants from 15 to around 71 and push their capacity from about 21 gigawatts to around 50 gigawatts by the end of 2020. By the start of 2030, the nuclear capacity will go to around 150 gigawatts, which will surpass the present figures of the U.S. that are 100 gigawatts.

The Chinese companies are also involved in building many nuclear power plants in Europe, which are based on the U.S. and German’s advanced technologies. They also include a role in building the first-ever nuclear power plant in Romania, for which discussions are going with Turkey about building a plant in that region, and the finalizing of an agreement with the British government in the previous October offering the Chinese companies to posses and further operate the nuclear power stations in the UK.
Back To Top