The Wall Street JournalNOVEMBER 26, 2009, 9:58 A.M. ET Guangdong...

The Wall Street Journal
NOVEMBER 26, 2009, 9:58 A.M. ET

Guangdong Nuclear Power Plans for Greater Uranium Use


SHANGHAI—China Guangdong Nuclear Power Holdings Co., one of the country's two nuclear-energy firms, said it will need more than 100,000 metric tons of uranium between 2009 and 2020 to feed its growing fleet of nuclear-power plants, a huge jump from current demand levels that underscores the scope of China's nuclear-energy ambitions.

Guangdong Nuclear Power's uranium needs will jump to 10,000 tons a year in 2020 from 2,000 tons this year, Zhou Zhenxing, chairman of the company's uranium-supply unit, said Thursday. Mr. Zhou, speaking at a conference, didn't detail how quickly the demand growth would accelerate within that period, although the ...