China's Banks Pour Funds Into Nuclear

November 16, 2007 (LPAC)--"Banks in China are active in pouring the funds and there is no shortage of funds" for developing nuclear energy in China, Kang Rixin, general manager of China National Nuclear Corporation, told the World Energy Congress in Rome yesterday, Xinhua reported. Kang told the Congress that, China will double its current nuclear power capacity by 2020, and is investing 400 billion yuan to build 16 planned nuclear units. At present just 2% of China's total installed energy capacity is nuclear, and that will go to 4%, to 40 million kilowatts, by 2020. China now has 11 nuclear power generation units in operation, with eight new ones already being built, and another eight units being planned.