Bloomberg reports on an interview with the President of Japan Steel Works that China will build more than double previous estimates. 132 units will take China way past the US (at 104 units and probably smaller average size) in total nuclear reactor capacity.
The country may build about 22 reactors in the five years ending 2010 and 132 units thereafter, compared with a company estimate last year for a total 60 reactors, President Ikuo Sato said in an interview. Japan Steel Works has the only plant that makes the central part of a large-size nuclear reactor’s containment vessel in a single piece, reducing radiation risk.
More nukes means a slower growth rate in coal electric power plant construction. The total amount of CO2 emissions from Chinese plants will continue to rise. But it would rise as fast and as far as previously projected. That high build rate should bring down costs and make China the low cost leader in nuclear power plant construction.
Low cost leader indeed! Perhaps we should help our Chinese friends out by sending over Michael Grunwald to explain to them that nuclear power is “really, really expensive.”