SHANGHAI – China has unveiled plans to capture and rule the internationalnuclear energy market.
China will provide more support for its nuclear firms to go overseas andstrengthen their position on the international market, according to newdraft legislation submitted to the industry for consultation.
“The state will encourage and support the positive and orderlyparticipation of its enterprises in the international market” and promotethe export of nuclear equipment, fuel and services, the draft Atomic EnergyLaw says.
China aims to bring its total installed nuclear capacity to 58 gigawatts(GW) by the end of 2020, up from 37 GW at the end of June this year, but italso has ambitions to dominate the global market and has created a unifiedthird-generation reactor brand known as the “Hualong One” to sell overseas.
Read Top Stories
China has already signed a series of preliminary agreements with countrieslike Brazil, Argentina, Uganda and Cambodia and it is also undergoing atechnical approval process for the Hualong One in Britain.
