Nuclear Firms to be Pushed to Improve Competitiveness and Boost Presence Overseas
The county will be pushing its big nuclear firms to further improve competitiveness and boost its presence overseas as they bid to being one of the world’s dominant nuclear power energy. In the continuing struggle to become a strong nuclear energy power and the country must comprehensive raise the industry competitive advantages, ensure the safety of the industry and promote nuclear power equipment overseas.
China has 22 reactors that are fully operational and another 26 under construction and the country aims to raise the total nuclear capacity up to 58 gigawatts by the end of 2020, but it needs to go much further to meet the low carbon energy targets. As of the moment the country is looking at 200 gigawatts making it the leading nuclear country by capacity and there is still potential for nuclear to gather an even greater share.
China also hopes that its domestic reactor program will be create opportunities abroad and China’s two biggest State nuclear firms the China General Nuclear Corporation and the China National Nuclear Corporation already agreed to invest in Britain’s Hinkley Point nuclear project.