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Delivery Format: PDF
Published Date: 28-Feb-2009
Pages: 12
Single User Price: $ 500
Site License Price: $1,000
Global Site License: $1,500
File Code: GDNE0017VPT
Publisher: GlobalData





China's Dependency on Overseas Uranium Supply to Grow

Summary Table of contents

Summary

The increasing demand for power paved way to develop new nuclear power plants in China. The total demand for power in the country is expected to grow from the present 600 GW to 900 GW in 2020. As compared to the world electricity growth rate of 2.3%, Chinas power growth rate of 4.3% is far higher. Currently, thermal power contributes to the majority (78%) of demand for power in China. To reduce its dependency on coal based plants, the country is expanding its nuclear base. The country is planning to expand its capacity to 50 GW by 2020. As per EIA, Chinas total installed power capacity is expected to grow to 840 GW in 2010 and reach 1,340 GW in 2020 making it the largest power producer in the world. While this will add up to an additional installed nuclear capacity of 7,600 MW once they start functioning, it would also place an additional demand for uranium. Though the country has been planning new uranium mining projects in order to meet the uranium demand for the upcoming nuclear reactors, overseas supply of uranium would continue to be the key source for fuelling domestic reactors.

Scope

GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalDatas views of various developments that have been taking place in the oil and gas industry across the world.

Reasons to buy

Develop business strategies with the help of specific insights from GlobalData on the key events happening in the nuclear energy industry.
Gain a strong understanding of the nuclear energy market and analyze the major trends in the global nuclear energy industry today
Identify opportunities and challenges with the help of our analysis of the latest news and deals in the nuclear energy industry
Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events

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