[cdn-nucl-l] Nuclear power chief in cheaper fuel claim

["Adam McLean" <adam.mclean@utoronto.ca>]

Posted on Hoovers Online on August 30, 2002 and at:
http://hoovnews.hoovers.com/fp.asp?layout=displaynews&doc_id=NR200208316
70.2_d20b0004711e4d1b
Competing with coal is certainly a big deal in China.  See data all
about China's power consumption at:
http://www.eia.doe.gov/emeu/cabs/china/part2.html
China's carbon emission total is expected to surpass the US before 2015
largely due to industrial power consumption from burning coal.

Adam

-----------------

Nuclear power chief in cheaper fuel claim
Olivia Chung in Shenzhen
08/31/2002 

Electricity generated by mainland nuclear power plants is cheaper than
power generated by coal-fired plants in Hong Kong, according to Lin
Guiqin, general manager of Guangdong Nuclear Power Joint Venture
Company. 

Lin yesterday urged the Central Government to give the go-ahead as soon
as possible for his company to expand capacity of the Ling'ao nuclear
plant and to begin construction of Guangdong's third nuclear plant in
Yangjiang. 


Production costs of the Daya Bay nuclear power plant and Ling'ao nuclear
power plant had dropped 40 per cent and 10 per cent respectively, Lin
said. 

"The reduction of production costs will have a positive impact on
electricity prices," he said, but declined to say how much prices would
drop. 

However, Lin did say that nuclear-generated electricity was much cheaper
than the output of coal-fired plants in Hong Kong. 

Hong Kong-listed China Light and Power (CLP) Holdings has a 25 per cent
stake in the Daya Bay plant and takes 70 per cent of the output from the
plant. 

The first nuclear power generator in the Ling'ao plant, a kilometre from
the Daya Bay plant, had generated 2.1 billion kilowatt-hours of
electricity since it began commercial operations at the end of May,
almost 50 days ahead of schedule, Lin said. 

After test runs, the second generator of the Ling'ao plant would begin
commercial operations by the end of this year. The two generators at the
Daya Bay plant, which is 50 kilometres from Hong Kong, generated 8.4
billion kilowatt-hours of electricity from January to August 30 this
year, Lin said. 

The Daya Bay plant generated 14.37 billion kilowatt-hours of electricity
in 2001. 

Lin called on Beijing to approve two additional generators an the
Ling'ao plant and construction of a nuclear plant with six generators at
Yangjiang, 150km from Hong Kong. 

Source: The Standard. 

Copyright 2002.  All Rights Reserved. 

Financial Times Information Limited - Asia Africa Intelligence Wire 


Copyright C 2002 Financial Times Limited, All Rights Reserved