Steve Thomas: For China’s nuclear industry, 2016 has been a frustrating year. So far, construction has started on only one new plant, and its target of bringing 58 gigawatts of nuclear capacity in service by 2020 seems impossible to meet. China has had little export success so far. In part, this is because there are fewer markets open to new nuclear. Such markets are typically found in developing countries where the financial risks are greater, and where governments have tried and failed to launch nuclear power programs themselves. It seems clear there is a political element to the Chinese nuclear export strategy, which is to gain influence and leverage in the importing countries. However, if the world nuclear market does not pick up soon, the Chinese government may decide to put its formidable resources behind other technologies that would develop influence with less economic risk. If China’s nuclear home market is not flourishing, this decision will be much easier.
The Diplomat 29th Oct 2016 read more »