kah in london, page-15

Beijing (CNN) -- China has suspended approvals of nuclear plants so safety standards can be revised while Japan grapples with its nuclear crisis, Chinese state-run media reported Wednesday.

Safety standards will be revised in China following the explosions and fires at Japan's Fukushima Daiichi plant in the wake of a 9.0-magnitude quake and resulting tsunami, Xinhua reported.

The decision was made at a Chinese cabinet meeting Wednesday, the news agency reported.

The state council, or cabinet, "has required relevant departments to do safety checks at existing plants, according to a statement released after the meeting, which was presided over by Premier Wen Jiabao," the report said.

Reactors at China's six nuclear power plants already in operation are safe, the report said. But, "Before the revised safety standards are approved, all new nuclear power plants, including pre-construction works, should be suspended, according to the statement."

The country is not affected by radioactive leakage from the Japanese plant, the report said.

http://edition.cnn.com/2011/WORLD/asiapcf/03/16/china.nuclear/?hpt=T2

That reads to me as precautionary measures. The whole world with nuclear reactors are reviewing policy and the safety of their existing nuclear plants. France with a 80% reliance on nuclear power is reviewing their safety measures being part of the EU and Areva makes the safest nuclear plants at the cost of losing business because extra safety means more complex and more expensive plants. It is a prudent move and a logical move to be doubly sure that the existing commitments have a confident execution of the carbon emitting reduction plan.

Any further drop in the share price and I am very tempted to buy after the 'dust settles'. We are still in panic mode. Just look at the effort by PDN to fully inform their shareholders by conference call on the plans by the managements.