nuclear-news

China the nuclear lobby’s great hope – or is it?

Public opinion could also pose an obstacle. In a poll carried out by research agency Ipsos MORI after Fukushima, 42% of those surveyed in China were supportive of nuclear power – but that 48% were opposed. It
is also reported that public opposition and environmental concerns have led to the delay in construction of three inland nuclear power sites.

China’s nuclear developments probably matter more to the rest of the world than they do to China. 

Chinese nuclear goes global? China dialogue Antony Froggatt June 06, 2012 From Parisian boardrooms to Kazakh uranium mines, the nuclear industry anxiously awaits news from Beijing. …….

“…… the Fukushima crisis in Japan has had a significant – and under reported – impact on Chinese nuclear developments, triggering a freeze on the start of new construction, a re-consideration of the safety standards of domestic designs and unprecedentedly visible opposition to the building of new, inland nuclear plants. Continue reading →

June 7, 2012 Posted by Christina Macpherson | business and costs, China | Leave a comment

China raising funds to launch nuclear power, but public sentiment is “fragile”

China to Stoke Nuclear Power, WSJ 6 June 12, State-Owned Firm Plans IPO to Fund Reactors; $5.4 Billion Deal Is Possible  BEIJING—China National Nuclear Power Co. said it is planning a Shanghai initial public offering that will go toward financing part
of five power projects worth 173.5 billion yuan ($27.2 billion), in a multibillion-dollar deal that signals that the country’s ramp-up of nuclear power is moving forward..

… China National Nuclear Power, according to a statement on the environmental ministry website, will sell shares to raise funds for nuclear-power projects in Fujian, Zhejiang, Hainan and Jiangsu provinces, the statement said, adding that these projects were approved by China’s National Development and Reform Commission between 2008 and 2010. Those projects require 173.5 billion yuan in funding,…
the IPO could be asking a lot of the country’s equity markets. The commission hasn’t approved any sizable IPOs since May, when the regulator gave the green light to China Postal Express & Logistics Co.’s potentially 9.98 billion yuan deal, though that has yet to
launch. Since early May, the benchmark Shanghai Composite Index is down 4%.

“A big IPO would weigh on the stock market further as it would divert funds from the secondary market, especially when the sentiment remains fragile,” said Yang Delong, a fund manager at China Southern Fund….. http://online.wsj.com/article/SB10001424052702303665904577449784005256706.html?mod=googlenews_wsj

June 7, 2012 Posted by Christina Macpherson | business and costs, China | Leave a comment

Nuclear industry downturn in China

Chinese nuclear manufacturers are now dealing with overcapacity as the world nuclear industry enters a trough,

China can manufacture 12 nuclear reactors sets annually whereas the industry needs only 40 sets before 2020

Japan leak sent nuclear industry reeling,  2012-05-19, By Liu Yiyu (China Daily) Japan’s nuclear emergency of last year has left a mark on Chinese nuclear manufacturers, which have since seen billions of yuan worth of orders postponed, a senior industry official said. Continue reading →

May 19, 2012 Posted by Christina Macpherson | business and costs, China | Leave a comment

Nuclear power in China has a doubtful future

Prospects for Nuclear Power in 2012, The Energy Report, 5 April 12,  “…….China has dominated new nuclear plant orders in the past few years, accounting for 25 out of the 38 reactors on which construction started worldwide between 2008 and 2010. Six of these units were for Gen III+ designs, four AP1000s and two EPRs. Almost all the others used a design imported from France in the 1980s, which in turn had been licensed from Westinghouse in the early 1970s. This design, the CPR1000, is showing its age and there was an expectation, even before Fukushima, that the AP1000 would replace it. This would have been a huge boost to the AP1000, giving it the volume of orders that might have allowed costs to come down and for teething problems to be solved. The EPR, by contrast, appears to have no prospect of further orders in China.

However, there were signs that the strain of the rapid pace of construction was beginning to show. In 2011, no new starts were made, compared with 10 in 2010. Fukushima explains this to a degree, but some might have been expected in the first three months of 2011 before disaster struck. The reason behind the slowdown is the high cost of the AP1000. The large Chinese utilities appear to be looking at other options.

There is now talk of pursuing indigenous advanced designs developed from the CPR1000 as well as Small Modular Reactors (SMRs). China has always been adept at convincing nuclear suppliers that there was a great future for their particular technology in China. It is unclear whether talk of SMRs and new advanced designs will go any further. China is looking much less committed to nuclear power than it was a year ago.

There is also speculation that China may enter the export market on the entirely unsupported assumptions that its reactors will be cheap and that it can successfully build them away from home soil. South Africa is particularly enthusiastic about Chinese designs, but whether this enthusiasm can be turned into orders remains to be seen.

The reality is that China needs nuclear power much less than the nuclear industry needs China. ….” http://www.theenergyreport.com/pub/na/12441

April 5, 2012 Posted by Christina Macpherson | business and costs, China | Leave a comment