AFP: “French companies are well positioned to benefit from China’s hugely ambitious drive to boost its nuclear energy capacity, but will face tough competition from US rivals.
Currently, China has only nine nuclear reactors that fulfill less than two percent of the country’s energy needs.
But policy makers in Beijing have vowed to increase that to four percent by 2020 to meet the voracious demands of an economy that becomes more industrialized and more urbanized by each passing year.
To this end, a total of 32 reactors with a capacity of at least 1,000 megawatts each will be installed over the next 15 years. ”
The full article is on the Channel News Asia.
