Source: Xinhuanet

05-31-2007 17:56

Domestic and foreign companies will be allowed to invest in China's nuclear power generating projects but cannot hold a controlling stake, a senior official with the State Commission of Science and Technology for National Defense Industry said on Wednesday.

China is keen to boost development of the nuclear power industry.

Wang Yiren, head of the commission's No.2 system engineering department, said China is considering opening the nuclear fuel sector to foreign investors.

The country's draft nuclear energy law is being revised, Wang added.

According to China's longer-term development plan for the nuclear power industry, nuclear power capacity will increase to 40 million kw in 2020, with construction work beginning on at least three nuclear power generating units in each of the coming 10 years.

Currently, there are 10 commercial nuclear power generating units operational in China, including the No.1 unit at Tianwan nuclear power station in east China'sJiangsuProvince, which came onstream on May 17. Their combined installed capacity stands at eight million kw.