Reactor Race Heats Up
MOSCOW (Bloomberg) -- Russia plans to compete with General Electric, the world's largest company by market value, and Areva, France's state-controlled nuclear fuel maker, for new nuclear reactor orders from China, India and Bulgaria.
China plans to build at least 28 new reactors to increase its atomic power-generation capacity fourfold, to 36,000 megawatts, by 2020, said the head of Russia's Federal Nuclear Power Agency, Alexander Rumyantsev. Russia will also face competition from Atomic Energy of Canada, a state-owned nuclear power plant developer, and Siemens, Germany's largest engineering company.
Russia holds 60 percent of the $3 billion project to expand a nuclear power plant in eastern China's Jiangsu Province, which will start by the end of 2005. |
