Tuesday, March 11, 2008

China Syndrome: Bring on the Nukes

http://blogs.wsj.com/environmentalcapital/2008/03/10/china-syndrome-bring-on-the-nukes/
"Shai Oster’s article in the WSJ today notes that China’s nuclear power sector is growing even faster than expected. The Chinese government is now shooting for 50% more nuclear power than it originally targeted—it now wants 60 nuclear gigawatts. That’s not far from what France has. Of course, in France, all those gigawatts mean 80% of the nation’s electricity supply; the same amount in China might be 4%."

"The WSJ article notes that a pair of local heavyweights, China National Nuclear Corp., and China Guangdong Nuclear Power Holding Co., are gearing up to compete. In wind and solar, Chinese firms went from also-rans to global players in record time. Who will count them out when the race goes nuclear?"

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