Nuclear power installed capacity will reach 80 million kilowatts by 2020

In the face of increasing energy demand, it has become an urgent task for China to adjust the energy demand structure and increase the proportion of new energy such as nuclear power. A number of industry insiders expressed at the 2010 Asian Energy Forum that the next 10 years will be a period of rapid development of China's nuclear power industry. By 2020, China's installed nuclear power capacity is expected to reach 80 million kilowatts.

As of September, the State Council has approved 34 nuclear power generating units with an installed capacity of 36.92 million kilowatts, of which 25 have been under construction. The installed capacity is 27.73 million kilowatts, which is the world’s largest nuclear power company. Dai Yande, deputy director of the Energy Research Institute of the National Development and Reform Commission, predicts that in the next 10 years, non-fossil energy will account for 15% of China's total energy consumption, of which the installed capacity of nuclear power will reach 80 million kilowatts in 2010.

In 2009, China’s energy consumption has reached 3.1 billion tons of standard coal, which is an increase of 6.3% over the previous year. Dai Yande said on the 14th that China’s energy consumption will reach 3.23 billion tons of standard coal in 2010, and the increase in energy consumption in China in the past 10 years will be twice the increase in the previous 20 years; China’s total energy demand will still increase by 20 in the next 10 years. With 100 million tons of standard coal, the country will use a differentiated energy price approach to regulate the energy demand structure and increase the proportion of new energy use.

Xie Zhongyu, a director of the National Nuclear Power Group and an independent non-executive director of China Petroleum & Chemical Corporation, believes that the development of nuclear power to solve the problem of power supply and demand, as well as the ability to adjust energy structure and reduce carbon emissions, is an important choice for China to cope with climate change.

The support of financial institutions will provide financial guarantee for the development of new energy such as nuclear power. It is understood that the National Development Bank has used various means such as investment promotion, investment and financing in recent years, and the total amount of loans for new energy has reached 277.6 billion yuan.