Investment Policy News
- Nuclear power sector to be opened
Date: 6-Jun-2007 Sources: (Shenzhen Daily)
DOMESTIC and foreign firms will be allowed to invest in China's nuclear power generating projects but cannot hold a controlling stake, an official with the State Commission of Science and Technology for National Defense Industry said late last week.
Wang Yiren, head of the commission's No.2 system engineering department, said the country's draft nuclear energy law is being revised. According to China's longer-term development plan for the nuclear power industry, nuclear power capacity will increase to 40 million kw in 2020, with construction work beginning on at least three nuclear power generating units in each of the coming 10 years.
Currently, there are 10 commercial nuclear power generating units operational in China, including the No.1 unit at Tianwan nuclear power station in East China's Jiangsu Province, which came on stream May 17. Their combined installed capacity stands at eight million kw. The other nine units included Qinshan, Dayawan, and No 2 and 3 phases of Qinshan and Ling'ao. Four units are being built as the second phase of the Ling'ao project in Shenzhen and the second phase of the Qinshan project in eastern China's Zhejiang Province. According to Wang Yiren, China's nuclear industry generated 54.8 billion kw/h of electricity last year, less than 2 percent of the nation's total. The government wants the nuclear industry to contribute 4 percent of the nation's energy needs by 2020.
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