"China’s Guangdong Nuclear Power Group started generating power yesterday from a new unit that is expected
to be commercially operational by October, according to the Economic Times.
The reactor will be the twelfth in China to be operating and producing generating capacity of about 1.08 gigawatts.
The reactor will be China’s first nuclear power unit to go on-stream since 2007 and will be the twelfth reactor
China currently has in production.
The new units use Russian technologies, but of interest folks, is that China currently has 20 nuclear power plants,
under construction. Needless to say, demand for uranium is heading upwards as China has plans to build as many as 60 additional units in the coming years and every day, we seem to see additional countries making plans (the latest is Egypt,
planning to build 4 nukes by 2025).
With this demand, sooner or later it looks hopeful that uranium prices, which have been in the dumps for two
years, might get a lift."
Extract from David Pescod's Late Edition