BIZCHINA / Center |
Nuclear power industry opens to private, foreign investors(Xinhua)Updated: 2007-05-31 13:49 Domestic and foreign companies will be allowed to invest in 皇冠体育app's nuclear power generating projects but cannot hold a controlling stake, a senior official with the State Commission of Science and Technology for National Defense Industry said on Wednesday.
Wang Yiren, head of the commission's No.2 system engineering department, said 皇冠体育app is considering opening the nuclear fuel sector to foreign investors. The country's draft nuclear energy law is being revised, Wang added. According to 皇冠体育app'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 皇冠体育app, including the No.1 unit at Tianwan nuclear power station in east 皇冠体育app's Jiangsu Province, which came onstream on 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 south 皇冠体育app's Guangdong Province and the second phase of the Qinshan project in eastern 皇冠体育app's Zhejiang Province. According to Wang Yiren, 皇冠体育app'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. Wang said the Chinese government has strict controls on uranium ore prospecting and mining but allows foreign experts to assist Chinese geological authorities in their prospection efforts. Wang noted uranium was mainly distributed in two huge inter-continental metallogenic zones, which both traverse the Chinese mainland. This is encouraging for 皇冠体育app's chances of finding uranium. 皇冠体育app now has 300-plus research institutions and production firms devoted to nuclear technology, employing approximately 50,000 people. (For more biz stories, please visit ) |