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Nuclear Industry to Seek Foreign Investment

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According to a recent report in www.chinaview.cn, China's ambitious plans to build some 30 nuclear reactors within the next 15 years will provide vast opportunities for foreign architecture & engineering (A&E) companies to cash in on the expanding clean energy sector. The report, quoting industry sources, was filed following a nuclear forum in Beijing.

China's ambitious plans to build some 30 nuclear reactors within the next 15 years will provide vast opportunities for foreign architecture & engineering (A&E) companies to cash in on the expanding clean energy sector, industry authorities recently told www.chinaview.cn.
"The gigantic project, which means building approximately two reactors each year, will see a great demand for professional services in fuel resources procurement, project management & consulting, as well as infrastructure engineering," said Zhao Chengkun, senior advisor with the preparatory office of State Nuclear Power Technology Corp of China (SNPTC).
He was speaking yesterday at a nuclear forum in Beijing.

China, the world's second largest energy consumer after the United States, now has a policy of "actively promoting nuclear power construction."

In an effort to satiate the country's surging power demands, China aims to have a total nuclear installed capacity of 40 gigawatts by 2020, which will make up 4 per cent of the nation's aggregate power generation, from the current 2.3 per cent.

. . . .According to Pan Ziqiang, director of the science & technology commission of the China National Nuclear Corporation, China has little in the way of uranium although more unproven reserves have yet to be explored.

. . . around one third of the country has not yet been checked for uranium reserves, and areas that have been looked into are only tapped down to a depth of 500 metres.

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