Published on : Mar 20, 2015
Chinese government at present is engaged in the drive to revive its nuclear power industry. The economy has finally gotten the nod for its first official new project in the last two years. The construction of two additional reactors at the power plant located in the northeastern province of Liaoning was approved by the planning agency of the Chinese government. The information was revealed by the state-owned body, China General Nuclear Corporation.
China, as we all know, registers maximum energy consumption in the world, and nuclear power plays an important role in the government’s objective to curb the escalating demand for oil and gas import. Moreover, foreign vendors are also vying to capitalize on the lucrative market opportunities in China for nuclear power equipments. However, Beijing is keener on producing the technology by itself, instead of relying on foreign sources.
The approval for the construction of nuclear power plants was temporarily suspended by Beijing after tsunami hit the northwestern region of Japan. The catastrophe which occurred in March 2011, crippled the cooling and backup power systems in Fukushima plant, caused partial meltdown, and widespread devastation. The incident was later declared as the worst nuclear disasters since the Chornobyl catastrophe of 1986.
However, the moratorium was later lifted in 2012, following a review conducted on the safety standards of existing nuclear facilities in China. The government made it clear, that it is going to allow only a small number of new plants to be built in the country. Moreover, the moratorium also require the new plants to be built in coastal areas and should have the ability to meet the most stringent safety standards.