CHINA TO APPROVE NEW NUCLEAR REACTORS

10/29/2012

China will approve several new nuclear reactors to be built in coastal regions before 2015, the government said on Wednesday. The move ends a moratorium imposed last year after Fukushima and is meant to spur private investment in energy and reduce reliance on oil and coal. The government hopes to generate 30% of China's power from renewable sources as well as from nuclear energy by the end of 2015, up from an earlier target of 15% from renewables plus 5% from nuclear by 2020. A report released on Wednesday showed that China currently has 15 reactors producing about 12.5 gigawatts, and another 26 reactors are under construction and will provide an additional 30 gigawatts. Nuclear power represents around 1.8% of China's power. The government is currently promoting wind, solar, and hydropower to reduce reliance on imported oil, which it sees as a national security risk. For the full story, see http://www.guardian.co.uk/world/2012/oct/25/china-nuclear-plants-moratorium-fukushima and http://uk.reuters.com/article/2012/10/24/us-china-nuclear-idUKBRE89N0IW20121024.