Idaho Samizdat reviews the current nuclear energy situation in China.
The Chinese government reinvigorated its civilian nuclear energy program last week with three major actions.
First, it announced the release of a long awaited safety plan that will result in the lifting of a moratorium on new nuclear reactor projects.
Second, it announced approval of an IPO by China National Nuclear Power (CNNP), the country’s largest reactor developer, to raise the equivalent of US $27.3 billion.
Third, the central government announced a list of seven strategic industry initiatives to counter a sharp down turn in economic growth. One of them is building new nuclear power plants.