China to make strategic shift towards use
of more nuclear power
Beijing (AFP)--1Sep2004
China plans to boost development of its nuclear power industry to help meet the country's growing need for electricity, an official said Wednesday. "Nuclear power is going to be an important pillar in the electricity-mix especially in coastal areas where power demand is high," Zhang Huazhu, vice-minister in charge of the Commission of Science, Technology and Industry for National Defense, was cited as saying by Xinhua news agency. The official agency referred to the move as "an important shift in strategy". China is looking to increase cooperation with other countries experienced in nuclear power generation and with foreign companies involved in the industry, the China Atomic Energy Authority added in a statement. No financial figures were provided, but Zhang said that "China is expected to obtain over 4% of its power supply, or 36-mil kW, from nuclear plants by 2020". Nuclear-generated electricity now accounts for only about 1.4% of China's total power supply. Over 90% of China's electricty is generated from coal and hydroelectric plants. About 8.6% comes from oil and natural gas-fired plants. Bottlenecks in coal supplies and a lack of overall generating capacity caused the worst electricity shortages in China in two decades this summer. At the end of June, the State Council, or cabinet, approved a draft of China's energy development program for 2004-2020, the country's first long-term energy policy in almost half of a century.
Copyright © 2004 - Platts
Please visit: www.platts.com
Their coverage of energy matters is extensive!!.