Posts tagged ‘China National Nuclear Corporation’

21/05/2015

China’s nuclear power capacity to reach 30m kilowatts by year end|Society|chinadaily.com.cn

China will have 30 million kilowatts (KW) of nuclear power capacity by the end of 2015, said Xu Yuming, deputy director of the China Nuclear Energy Association on Thursday.


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Currently there are 23 nuclear power units operating in China, with a combined capacity of 21.4 million kilowatts. Twenty-nine units are being built or planned, Xu said.

The government plans to increase China’s total nuclear power capacity to 58 million kilowatts by 2020, a rise of 170 percent over the current level.

Xu estimates that this will require 100 billion yuan ($16.34 billion) of investment every year.

It is expected that China’s electricity usage will double by 2030, Xu said, adding efforts should be made to promote clean energy including nuclear power.

Last month, China approved the construction of pilot nuclear power units using the Hualong One technology, a domestically-developed third generation reactor design drawing on the world’s leading design philosophy. The homegrown technology will help contribute to industrial upgrades and steady economic growth.

via China’s nuclear power capacity to reach 30m kilowatts by year end|Society|chinadaily.com.cn.

24/12/2013

China commits $6.5 billion for Pakistani nuclear project | Reuters

China has committed $6.5 billion to finance the construction of a major nuclear power project in Pakistan\’s port city of Karachi as it seeks to strengthen ties with its strategic partner, Pakistani officials said.

Pakistani Prime Minister Nawaz Sharif broke ground on the $9.59 billion project last month but officials have provided few details of how they plan to finance it.

Financing documents seen by Reuters showed China National Nuclear Cooperation (CNNC) has promised to grant a loan of at least $6.5 billion to finance the project which will have two reactors with a capacity of 1,100 megawatts each.

via Exclusive: China commits $6.5 billion for Pakistani nuclear project | Reuters.

13/07/2013

China cancels $6 billion uranium project after protest

Reuters: “China has canceled plans to build a uranium processing plant in a southern Chinese city a day after hundreds of protesters took to the streets demanding the project be scrapped, a local government website said on Saturday.

The proposed 230-hectare complex in the heart of China’s Pearl River delta industrial heartland in Guangdong province had also sparked unease in neighboring Hong Kong and Macau.

Authorities in the gambling enclave had formally raised the issue with their Guangdong counterparts, the South China Morning Post reported.

A one-line statement published on the Heshan city government’s website said that “to respect people’s desire, the Heshan government will not propose the CNNC project”. State-run China National Nuclear Corporation had planned to build the 37 billion yuan ($6 billion) project.

CNNC officials could not be reached for comment.”

via China cancels $6 billion uranium project after protest | Reuters.

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