China seeks Canadian uranium to meet future power needs

OTTAWA, (AFX) - July 5

Chinese officials and investors have been scouting for uranium in Canada, a country with the largest deposits in the world, to power new nuclear power plants, Canadian officials told Agence France-Presse.

Canada has already delivered uranium to China for use in its two Canadian-built CANDU reactors purchased in the 1990s, but the United States remains its primary customer, receiving half of the annual 11,600 tonnes produced here each year.

China is planning to spend billion of dollars to build 40 more nuclear reactors by 2020 to generate electricity and feed its booming economy while reducing its reliance on coal -- currently nuclear power represents only one percent of its energy supply compared to coal at 66 percent.

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