China Wants Nuclear Reactors, and Lots of Them… that’s the title of a recent article in Business Week and personally I think it’s spot on.
The country currently has 29 reactors under construction, another 51 planned and a whopping 120 reactors proposed. In other words, it’s not only a major user of nuclear energy (sixteen operating reactors), it plans to be the leader in nuclear energy and related technology full stop.
Quite aside from the sheer number of reactors on the way, China is pushing forward with new and innovative designs such as pebble- bed reactors which will bring dramatic increases in the amount of energy a reactor can generate. Operating nuclear reactors already deliver the most cost-efficient high-base load energy available but it’s great to see the industry pushing forward in the quest for even better designs and results.
Take a look at the article. I think you’ll agree with me that China’s nuclear energy plans are good for China, good for the nuclear industry and great for the uranium sector.
Dev Randhawa
