China Expected to Resume Nuclear Projects, But at a Slower Rate

Read Trending Stories

Today's Trending Stocks

Click a Company to Research Now:

Some experts believe China will resume approving nuclear energy projects at some point later this year, albeit at a reduced rate than it had previously.  The country had suspended approvals on any new nuclear power stations after widespread international safety concerns arose about nuclear power in the wake of the March 2011 tsunami, which triggered a leak at the Fukushima nuclear plant in Japan.  During that time, all power stations, including those under construction, were thoroughly scrutinized for any and all safety concerns, reported government sources.

However, though projects are expected to resume, they will likely not resume at what was their preexisting pace.  The country will likely only approve about 3 or 4 new plants per year for at least the next few years.  During its 11th Five-Year Plan of 2005-2010, China had been accelerating the development of nuclear power stations, with a peak of 14 approvals in 2008, with another six the following year.  Last year, not one new nuclear station began construction, though there were six preapproved projects that were awaiting construction before the Fukushima incident.  Nonetheless, Chinese government expect a book in nuclear energy coming before 2015

The country is likely to implement newer, third generation nuclear technology (labeled 3G) because of their improved safety considerations for all new projects, and may even force existing projects who were approved with second generation to technology to upgrade. The country introduced AP 1000 3G nuclear technology in 2007 through its State Nuclear Power Technology Group; construction on the first such reactor began in 2009.

Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!

Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.

Click here now for your FREE trial to our acclaimed flagship newsletter:

Learn More

Advertisement:
Improve your Investing Portfolio with Wall St Cheat Sheet Premium

Intelligent Investing

Wall St. Cheat Sheet Premium

Tired of wasting time and money sifting through the noise on TV, websites, and Twitter? Get winning stock picks now.

Gold & Silver Premium

Join Chicago Mercantile Exchange commentator Eric McWhinnie as he covers Gold & Silver for you.

Commodities Premium

Commodities are heating up. This is an investment newsletter you'll need to win in the bull market.

Wall St. Cheat Sheet has been featured in these fine media outlets: