The tariff war between the United States and China has not caused the Asian giant to make hasty decisions. On the contrary, the Nation of Xi Jinping continues to work on plans in the very long term, as is the case of the silent boom of oil. In this race towards energy self -sufficiency, the nuclear sector is another of the points where the Asian country is advancing leaps.
Short. China has approved the construction of 10 new nuclear reactors, in an investment that exceeds 200 billion yuan (about 26 billion euros), according to The Paper. In this way, China celebrates its fourth consecutive year giving green light to large -scale nuclear initiatives.
Renewed impulse. This ambition by the Asian giant in the nuclear ecosystem will be in charge of three state companies: China General Nuclear Power Corp. (CGN), China National Nuclear Corp. (CNNC) and State Power Investment Corp. According to China Daily, the authorities have hardened the control measures to ensure that each new reactor complies with the security standards of international atomic energy organism (OIEA).
State investment. The Chinese strategy is deeply linked to the optimization of construction and operation costs, thanks to the intervention of a state apparatus that facilitates loans with low interest rates, which has proven to be key to the viability of nuclear projects, as The Paper said.
Face to the future. The forecasts collected by Bloomberg suggest that China’s operational nuclear capacity will reach 110 million kilowatts by 2030, exceeding any other country. If you maintain this rhythm, by 2040 its nuclear park could touch the 200 gigawatts, which would be equivalent to about 10 % of all national energy production.
The expansion. The nuclear advance of the Asian country is a strategic play, since in a global context towards cleaner sources, China seeks to position itself as an exporter of nuclear technology, including the Hualong One design reactor. To consolidate this trend, the country would be outlined as a geopolitical reference in the new energy order, combining industrial capacity, state financing and energy diplomacy to challenge Western hegemony.
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