• 3 minutes This Battery Uses Up CO2 to Create Energy
  • 5 minutes Shale Oil Fiasco
  • 9 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 12 minutes Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 14 hours Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 2 hours China gets caught?
  • 1 min Which type of Hegemony will China follow
  • 4 hours Demand for Diesel vs. Oil
  • 17 hours Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)
  • 7 mins Us Shale: Moving the US shale revolution forward
  • 2 days Here is Why People Lose Money Trading Natural Gas
  • 18 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 1 day Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 2 days Let’s take a Historical walk around the Rig
  • 2 days US Shale: Technology
  • 2 days Governments that wasted massive windfalls

Breaking News:

Oil Prices Rise On Surprise Crude Draw

Alt Text

Oil Bears Are Back As Demand Fears Go Viral

Demand fears, largely driven by…

Alt Text

China Sees Jump In Gasoline, Jet Fuel Exports

A 99-percent utilization rate of…

Alt Text

5 Niche Energy ETFs You’ve (Probably) Never Heard Of

Since their inception nearly three…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Can China Meet Its Nuclear Power Goals?

China has 36.93 GW of nuclear power generation capacity across 38 units, data from the China Nuclear Energy Association has shown. Most of this is concentrated in coastal provinces where nuclear accounts for 15-25 percent of the power generation mix.

Yet this is nothing compared to China’s plans for nuclear energy: the country is eyeing capacity of 88 GW by 2020, installed and under construction. To this end, it is boosting its manufacturing capabilities and to date, it can make between 8 and 10 cores for pressurized water reactors annually. The core is the part of the reactor where the nuclear reaction takes place.

A recent report by the China Nuclear Energy Association, however, warned that if Beijing is to meet its 2020 nuclear capacity targets, it would need to build faster. This year, the non-government organization said, five reactors will be launched out of 20 that are under construction. But five a year is not enough: China needs to launch between six and eight reactors annually to hit the target of 88 GW in operation by 2020.

The five reactors to be launched this year will add 6 GW to China’s power generation capacity as the country seeks to reduce its dependence on coal, which currently accounts for 70 percent of power generation. Related: Oil Prices Spike As OPEC Compliance Hits New Record

Meanwhile, China is developing its nuclear power know-how and is already exporting it, well on its way to becoming a leading nuclear power as others begin to phase out their nuclear power capacity.

"China is the fastest-expanding nuclear power generator in the world, underscoring the huge potential of the country's nuclear sector at a time when traditional giants like the US are retreating," the director of the China Center for Energy Economics Research at Xiamen University recently told the Global Times.

The most notable illustration of this expansion is the Hualong-1 third-generation reactor which is currently being built in China, but Beijing is in talks with four countries, among them the UK, Thailand, Argentina, and the Czech Republic, to built Hualong-1 there as well.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play