China wants to become a global leader in nuclear power and the UK is crucial to realising its ambitions.
While other countries have scaled back on atomic energy in the wake of the Fukushima disaster, state-backed Chinese companies benefit from the fact that China is still relying on nuclear energy to reach the country’s low-carbon goals.
“China is going in the opposite direction. The massive experience possessed by the Chinese nuclear industry, consistently building for the past 30 years and adopting various next-generation technologies, is being recognised by the global nuclear industry,” said Zaf Coelho, the director of Asia Nuclear Business Platform, based in Singapore.
The UK, where as many as six new nuclear power stations could be built over the next two decades, is an obvious export target for Chinese nuclear. If state-owned China General Nuclear Power (GNP) – the main player in China’s nuclear industry – buys a 49% stake in the UK’s existing nuclear plants, as it was recently reported to be considering, that would mark a significant expansion of China’s role in the UK nuclear sector.
Adam Vaughan and Lily Kuo in Beijing – Guardian – July 26, 2018.
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