China to dominate Nuclear power by 2030

China’s total nuclear power generation capacity, including reactors under construction and in planning, came to 108,700 megawatts as of April, more than America’s 105,120 MW, according to the World Nuclear Association. The U.S has 98,000 MW-in terms of capacity in operation; France follows at 62,000 MW. But while the U.S. is decommissioning reactors, China has 11 new reactors under construction and more than 40 in the planning stages.

Chinese Nuclear Power Export

More than 70% of all new reactors that have come online worldwide since 2010 were built by China or Russia.

Four Chinese-built reactors operate in Pakistan, and around 10 others are planned in Turkey, Saudi Arabia, Argentina.

CountryPlantTypeEst. costCompanyStatus, financing
PakistanChasma 3&4CNP-300$2.37 billionCNNCUnit 3&4 operating, Chinese finance 82% of $1.9 billion, Exim-Bank. (Units 1&2, also CNP-300, earlier built by China)
 Karachi Coastal 1&2Hualong One$9.6 billionCNNCBoth units under construction, $6.5 billion vendor finance, maybe 82% China finance, Exim-Bank
RomaniaCernavoda 3&4Candu 6€7.7 billionCGNPlanned, to complete part-built units, Chinese finance, Exim-Bank and ICBC, Nov 2015
ArgentinaAtucha 3Candu 6$5.8 billionCNNCPlanned, with local involvement and $2 billion Chinese financing, ICBC
 5th Argentine reactorHualong One$7 billionCNNCVendor financing envisaged, ICBC in lead role
UKBradwellHualong One CGNPromised future opportunity
IranMakran coast2 x 100 MWe CNNCAgreement July 2015
TurkeyIgneadaAP1000 and CAP1400 SNPTCExclusive negotiations involving Westinghouse, 2014 agreement
South AfricaThyspuntCAP1400 SNPTCPrepare for submitting bid
Kenya Hualong One CGNMOU July 2015
Egypt Hualong One CNNCMOU May 2015
Sudan ACP600? CNNCFramework agreement May 2016
ArmeniaMetsamor1 reactor CNNCDiscussion underway
(No country) HTR600 CNECExport intention
Kazakhstan Fuel plant JV CGNAgreement Dec 2015
source: https://www.world-nuclear.org/information-library/country-profiles/countries-a-f/china-nuclear-power.aspx

Previously, Romania cancelled an agreement with the China General Nuclear Power Group (中国广核集团) for construction and operation of two new reactor stipulating that the two countries would cooperate to establish a joint project venture company with China accounting for 51% of the shares.

Sources:

https://www.world-nuclear.org/information-library/country-profiles/countries-a-f/china-nuclear-power.aspx.

https://asia.nikkei.com/Business/Energy/China-poised-to-overtake-US-in-nuclear-power-by-2030

Leave a comment

Design a site like this with WordPress.com
Get started