Mar 28, 2011
Nuclear growth will 'almost certainly' proceed in China, India - ScotiaBack
China National Nuclear Corp|CoAL|Nuclear|Reuters|Safety|ScotiaBank|Water|Europe|China|India|Japan|Russia|South Korea|United States|Fukushima-Daiichi Plant|Atomic Energy|Energy|Greenhouse Gas Emissions|Natural Gas|Nuclear|Nuclear Energy|Oil|Patricia Mohr|Power|Water|China Daily|Reactor Technologies
© Reuse this
Economics VP Patricia Mohr added that the Fukushima-Daiichi event will likely delay rather than derail the nuclear renaissance.
There could be a partial shift from atomic energy to natural gas over the medium-term in Japan, the US and Europe, but nuclear expansion will have to go ahead.
“China, India, South Korea and Russia - the major growth markets for nuclear energy, which had planned to add 105,2 GWe of nuclear power or 66% of the world total prior to the incident – will almost certainly move ahead with significant nuclear expansion,” Mohr said in a statement.
“Not to do so would enormously raise the cost of fossil fuels (oil, liquefied natural gas and steam coal) for consumers worldwide in the coming decade and limit the containment of greenhouse gas emissions.”
This reinforces what executives from uranium producers and developers have been insisting since the explosions first began at the Fukushima-Daiichi plant, located on Japan’s eastern seaboard.
An official at the State-owned China National Nuclear Corp, the country’s biggest nuclear operator, said at the weekend that the Japanese crisis should not affect the country’s nuclear ambitions.
"China should not change its development plan in the nuclear power sector," China Daily quoted director of the Science and Technology Commission Pan Ziqiang as saying.
On Monday, Reuters reported that highly radioactive water has leaked from a reactor at Fukushima-Daiichi.
“Perhaps the more lasting impact of the incident at the Fukushima-Daiichi Nuclear Power plant, a 40-year old facility with some outdated technology, will be to trigger a re-examination of nuclear safety procedures and reactor technologies around the world and to slow the development of nuclear power," said Mohr.
“Overall, the Fukushima-Daiichi event will likely delay rather than derail the nuclear renaissance,” she added.
Edited by: Liezel Hill© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
Updated 2 hours 34 minutes ago In a boost for renewable energy, the City of Cape Town has signed its first small-scale embedded electricity generation contract with Black River Park Investments, an office park in Observatory. The 74 000 m2 office park uses large-scale solar power systems to...
Updated 3 hours ago South Africa's nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday. The Russian atomic agency Rosatom said on...
Article contains comments
Updated 1 hour 57 minutes ago The Standard Bank Group has been named one of the world’s greenest banks by Bloomberg Markets, ranked eighteenth out of 20 global finance institutions recognised for their investments in green-energy projects and efforts to reduce their own waste and carbon...
Updated 1 hour 58 minutes ago The Department of Environmental Affairs (DEA) was considering establishing an air quality index, to make information on the quality of ambient air in South Africa more accessible, DEA national air quality officer Dr Thulie Mdluli said on Tuesday. She noted that the...
Updated 2 hours 15 minutes ago In a boost for renewable energy, the City of Cape Town has signed its first small-scale embedded electricity generation contract with Black River Park Investments, an office park in Observatory. The 74 000 m2 office park uses large-scale solar power systems to...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...