Australian Financial Review
Monday 23/4/2007 Page: 13
China's top planning agency says a shortage of uranium will ensure nuclear plants remain a 'supplementary' source of power, and that coal and oil will continue to be relied upon for energy. China National Nuclear, the nation's biggest nuclear company, plans to spend 400 billion yuan ($62 billion) to build reactors by 2020. China must add two reactors a year to meet a target of generating 4 per cent of its power from nuclear plants by that time, from about 2.3 per cent now. Meanwhile, China National Offshore Oil, the nation's third-biggest oil company, said it would develop renewable energy resources, including wind energy, to ensure energy security.
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