Over 100 Nuclear Plants to Start up in China by 2020

- October 16th, 2015

AsiaOne reported that nuclear power development is expected to ramp up in the next five years as more than 100 nuclear plants will be put into operation by the year 2020, tripling nationwide capacity to 58 million kilowatts.

AsiaOne reported that nuclear power development is expected to ramp up in the next five years as more than 100 nuclear plants will be put into operation by the year 2020, tripling nationwide capacity to 58 million kilowatts.
As quoted in the market news:

More than 100 nuclear power plants will be put into operation by 2020, with a nationwide capacity tripling that of 2014 to reach 58 million kilowatts, the China Times reported, citing a draft for the 13th Five-Year Plan (2016-20).
According to the document, the government is expected to invest about 500 billion yuan (S$109 billion) to build six to eight new plants annually during the period.
“Safety guaranteed, nuclear power should be developed rapidly and efficiently,” Lin Boqiang, director of the energy research centre in Xiamen University, was quoted as saying.
Liang Haiming, an economic commentator, said the development of nuclear power would attract investment of more than a trillion yuan in the next five years, as an estimated 20,000 yuan is needed per kW.

Click here to read the full AsiaOne report.

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