Maybe we can get the Chinese to build our nuclear plants -...

Maybe we can get the Chinese to build our nuclear plants - $2500-$3000 per kilowatt

''China is building nuclear reactors faster than the US, and Beijing's nuclear firms are up to 15 years ahead of their American counterparts when it comes to the latest reactor technology, according to a new report by a US think tank.

Currently, China has 56 operational nuclear reactors in China, and 27 more are under construction, the Washington-based Information Technology & Innovation Foundation stated in a report published on Monday. With authorities in Beijing aiming to complete between six and eight new nuclear plants every year for the foreseeable future, the report’s authors predict that China will have more operational plants than the US by 2030.

However, China is already leading the US when it comes to so-called ‘fourth-generation’ reactors, the report noted. The world’s first fourth-generation plant – the 200 megawatt gas-cooled Shidaowan-1 facility in China’s Shandong province – came online in December, with China’s Nuclear Energy Administration boasting that “90% of the technology in the new plant was developed within China.”

“China likely stands 10 to 15 years ahead of where the United States is in nuclear power,” the report stated. “Looking ahead, China appears likely to use this established domestic capacity as a foundation for competitive reactor exports, much as its ‘dual-circulation’ strategy has accomplished in other areas, such as electric vehicles and batteries.”

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''China’s success is a result of “state financing, [a] state supported supply chain, and a state commitment to build the technology,” industry analyst Kenneth Luongo wrote in the report. China’s state-owned banks can offer loans to energy firms with interest rates as low as 1.4%, allowing them to build plants for around $2,500 to $3,000 per kilowatt, about a third of the cost of recent projects in the United States.''

https://www.rt.com/business/599444-china-us-nuclear-power/