THE forces driving the global growth of nuclear energy are the same now as they were before the Japanese disaster.
That was the word sent out recently to shareholders by Toro Energy (TOE). The letter continued: "Energy demand and the desire for internal energy security from a low-carbon, base-load supply will mean continued growth in the industry."
Your correspondent last week asked one of Australia's uranium veterans about the outlook. This man was working on uranium projects here in the 1970s onwards and, while he's moved on to other ventures, he takes a close interest in the uranium sector. And he visits China regularly.
On one such recent visit he asked a senior official whether China would maintain its planned nuclear reactor construction program. Not only did the official confirm this, but did so in a way that left our man with the impression that Beijing has even more ambitious nuclear energy plans up its sleeve*. As we have pointed out, China has no alternative; it desperately needs far more base-load power and, while ambitious, its wind energy building program will still be at the mercy of the breezes.
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