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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China energy arm plans to up nuclear capacity AFP - 1 hour 40 minutes ago BEIJING (AFP) - - China's energy sector will table a plan to nearly double its 2020 nuclear power capacity goal and is urging firms to acquire uranium abroad to build a fuel reserve, state press said Monday. ADVERTISEMENT The country's energy administration wants to increase capacity to 75,000 megawatts, up from the 40,000 it had called for in a plan put forward in 2007, the Shanghai Securities News said. The revised plan will soon be submitted to the State Council, the cabinet, for approval, Cao Shudong, a senior official with the National Energy Administration, told the paper. The 75,000 megawatt plan was 5,000 megawatts more than previously reported. China currently has a combined capacity of 9,100 megawatts at 11 nuclear reactors, Cao said, meaning the new plan, if approved, would call for an ambitious programme to construct new plants. In the past year, China has approved the building of 40 nuclear reactors, Cao said, while the construction of several plants has already started. China is banking on nuclear power as a cleaner alternative to coal, which currently covers about two thirds of its energy demand. Chinese companies will also be encouraged to buy overseas uranium mines, as the lack of the resource is increasingly straining the country's ability to boost nuclear power supply, Cao said. The reserve system will be built at both government and corporate levels, he added. China's energy plans have given new hope to the global nuclear industry, represented by firms such as Areva of France and US-based Westinghouse, while offering a market for uranium suppliers such as Anglo-Australian BHP Billiton. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Russian economy to shrink by 4.5 pct-World BankReuters - 54 minutes ago China Minmetals still discussing Oz Minerals dealAP - 59 minutes ago China Spring Air aims to double net in '09-chairmanReuters - 1 hour 11 minutes ago Australian academic bids to block cash handoutsAFP - 1 hour 27 minutes ago Related Articles: Business Israel Chemicals Q4 profit up, below forecastReuters - 47 minutes ago BUY OR SELL-Hynix stock jump: A case of irrational exuberance?Reuters - 48 minutes ago AIG delays funds to some real-estate ventures: reportReuters - 50 minutes ago MONEY MARKETS-Dollar funding costs ease, term premium remainsReuters - 51 minutes ago HK shares slide 4.3 pct, U.S. auto woes weighReuters - 52 minutes ago Enlarge Photo China energy arm plans to up nuclear capacity Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Hot tea linked with throat cancer Prince William up for Afghanistan fight: report Scientists see asteroid hurtle to Earth Peugeot board sacks boss Streiff Pope 'publicly distorted' condom science: Lancet View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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