China, the world’s largest consumer of energy, may fail to meet the nuclear power target laid out in its latest five-year plan, according to the chairman of one of the country’s biggest reactor builders. The nation may miss its goal of getting 58 gigawatts of capacity online by 2020 because not enough reactors are being built, He Yu, chairman of China General Nuclear Power Corp., said in an interview in Beijing Saturday. The country may start seven new reactors this year and Hualong One, its domestically designed model, will be ready for export in three years, He said. “China has 28 gigawatts of capacity in operation and has less than 30 gigawatts under construction,” He said. “It takes at least five years to construct nuclear power plants. So we won’t be able to reach that target.”
Bloomberg 5th March 2016 read more »