Wednesday, February 15, 2012
Power needs set to spark Dongfang
Power needs set to spark Dongfang
Wednesday, February 15, 2012
The Standard
A commemorative note issue by the Bank of China (3988) to mark its centenary sparked a speculative frenzy in Hong Kong and China.
This shows that many people have cash, but lack the confidence to buy stocks.
The Hang Seng Index has rebounded 5,000 points from October but not every share has outperformed the index. One of my favorites, Dongfang Electric (1072), is among the laggards.
People are still worried that nuclear power development will slow worldwide following the debacle at the Fukushima Dai Ichi nuclear plant in Japan last March.
But to cope with soaring power demand, I am not convinced that solar, hydro and wind energy sources can suffice for China. (Disagree 100%)
http://www.facebook.com/nuclearfree
http://www.facebook.com/nukefree
Beijing reportedly outlined an ambitious national nuclear power development plan for the next 10 years. At present, the domestic nuclear power sector has a capacity of 11.9 gigawatts.
The National Energy Administration is targeting 80 GW generating capacity by 2020.
Sooner or later, China will resume approving new nuclear projects.
Apart from Dongfang, keep an eye on Harbin Electric (1133). Dr Check and/or The Standard bear no responsibility for any investment decision made based on the views expressed in this column.
Friday, February 10, 2012
Cold forces Germany to restart switched off nuclear plants
Cold forces Germany to restart switched off nuclear plants
Thu Feb 9, 2012
Press TV
A barge lays on the border of a frozen river in the harbor of Duisburg, western Germany, on February 8, 2012.
Bitterly cold weather sweeping across Europe has forced Germany to restart several reactors to meet the nation’s energy needs.
High electricity demands prompted Germany’s network operators to call upon nuclear power plants that had been taken off line last year but left in reserve as a "preventative measure," the daily Handelsblatt reported on Thursday.
http://www.facebook.com/nuclearfree
http://www.facebook.com/nukefree
Following last year’s earthquake and tsunami in Japan, Germany announced plans to phase out all nuclear reactors, and closed down eight of its nuclear power plants that began operating before 1980. Nine reactors currently on line are due to be turned off between 2015 and 2022.
The five switched off reactors are functioning as reserve generators in case the country’s electricity demand cannot be fulfilled from non-nuclear sources.
The March 2011 twin disasters in Japan caused radiation leakage at the Fukushima Daiichi nuclear plant, sending panic waves to the countries depending on nuclear power.
Germany faced an electricity shortfall in December and imported power from neighboring Austria to meet the needs, but recent record low temperatures wreaking havoc across the Europe forced Berlin to restart the plants.
GJH/MYA/MA
Thu Feb 9, 2012
Press TV
A barge lays on the border of a frozen river in the harbor of Duisburg, western Germany, on February 8, 2012.
Bitterly cold weather sweeping across Europe has forced Germany to restart several reactors to meet the nation’s energy needs.
High electricity demands prompted Germany’s network operators to call upon nuclear power plants that had been taken off line last year but left in reserve as a "preventative measure," the daily Handelsblatt reported on Thursday.
http://www.facebook.com/nuclearfree
http://www.facebook.com/nukefree
Following last year’s earthquake and tsunami in Japan, Germany announced plans to phase out all nuclear reactors, and closed down eight of its nuclear power plants that began operating before 1980. Nine reactors currently on line are due to be turned off between 2015 and 2022.
The five switched off reactors are functioning as reserve generators in case the country’s electricity demand cannot be fulfilled from non-nuclear sources.
The March 2011 twin disasters in Japan caused radiation leakage at the Fukushima Daiichi nuclear plant, sending panic waves to the countries depending on nuclear power.
Germany faced an electricity shortfall in December and imported power from neighboring Austria to meet the needs, but recent record low temperatures wreaking havoc across the Europe forced Berlin to restart the plants.
GJH/MYA/MA
Thursday, February 9, 2012
Counties face off over nuclear plant, Pengze, Jiangxi Province, China
Counties face off over nuclear plant
Global Times | February 09, 2012
By Zheng Yi
The Global Times
A campaign initiated by authorities in Central China's Wangjiang county, Anhui Province 安徽望江縣 aimed at halting the construction of a nuclear power plant in a neighboring county has drawn nationwide attention after a report handed to higher authorities was posted online recently.
Sun Bin, from the publicity department of the Wangjiang Development and Reform Commission, confirmed to the Global Times Wednesday that the government handed the report to the Anhui Development and Reform Commission in November, in a bid to stop the nuclear power plant from being built. Provincial authorities are planning to pass the report to the State government for a decision, according to Sun.
According to information on the official website of the Jiangxi branch of the China Power Investment Corporation, the nuclear plant, located in Pengze, Jiangxi Province 江西彭澤, is expected to start operations in 2015, and will have an annual capacity of 60 billion kilowatt hours, more than the entire capacity of Jiangxi's current coal-burning power plants. Preparation work for construction is complete, according to the website.
http://easss.com/nuclear
However, the project has met with strong opposition from across the Yangtze River in the neighboring county of Wangjiang.
According to the report, the plant would be in violation of a regulation issued by the Ministry of Environmental Protection, which states that nuclear power plants should not be built within 10 kilometers of cities with a population over 100,000 people. Several townships in Wangjiang are located within 10 kilometers from the plant.
"We all believe the plant is a time bomb," Sun told the Global Times.
The report also pointed out that the plant is located in a fault zone with frequent occurrences of earthquakes, a fact that was not mentioned in the plant's environmental evaluation report.
Construction on the nuclear plant has been suspended and is awaiting reevaluation after the Fukushima nuclear accident in Japan in March, according to Zhang.
Calls from the Global Times to the Pengze nuclear power office went unanswered Wednesday.
"Nuclear power plants will cause little pollution only if they are built more than 10 kilometers away from cities with dense populations, and they are safe for nearby residents if they release fewer than 250 mSv in radiation per year," Feng Weiheng, chief expert in radiation prevention at the Shanghai Environmental Protection Industry Association, told the Global Times Wednesday.
At present, six nuclear power plants have been put into use in China and another 12 are under construction, while preparation work on the construction of 28 plants is underway.
According to a State plan released in 2007, by 2020, nuclear power installed capacity will reach 40 million kilowatts.
Operations at a number of power plants were suspended after the Fukushima nuclear leak.
Global Times | February 09, 2012
By Zheng Yi
The Global Times
A campaign initiated by authorities in Central China's Wangjiang county, Anhui Province 安徽望江縣 aimed at halting the construction of a nuclear power plant in a neighboring county has drawn nationwide attention after a report handed to higher authorities was posted online recently.
Sun Bin, from the publicity department of the Wangjiang Development and Reform Commission, confirmed to the Global Times Wednesday that the government handed the report to the Anhui Development and Reform Commission in November, in a bid to stop the nuclear power plant from being built. Provincial authorities are planning to pass the report to the State government for a decision, according to Sun.
According to information on the official website of the Jiangxi branch of the China Power Investment Corporation, the nuclear plant, located in Pengze, Jiangxi Province 江西彭澤, is expected to start operations in 2015, and will have an annual capacity of 60 billion kilowatt hours, more than the entire capacity of Jiangxi's current coal-burning power plants. Preparation work for construction is complete, according to the website.
http://easss.com/nuclear
However, the project has met with strong opposition from across the Yangtze River in the neighboring county of Wangjiang.
According to the report, the plant would be in violation of a regulation issued by the Ministry of Environmental Protection, which states that nuclear power plants should not be built within 10 kilometers of cities with a population over 100,000 people. Several townships in Wangjiang are located within 10 kilometers from the plant.
"We all believe the plant is a time bomb," Sun told the Global Times.
The report also pointed out that the plant is located in a fault zone with frequent occurrences of earthquakes, a fact that was not mentioned in the plant's environmental evaluation report.
Construction on the nuclear plant has been suspended and is awaiting reevaluation after the Fukushima nuclear accident in Japan in March, according to Zhang.
Calls from the Global Times to the Pengze nuclear power office went unanswered Wednesday.
"Nuclear power plants will cause little pollution only if they are built more than 10 kilometers away from cities with dense populations, and they are safe for nearby residents if they release fewer than 250 mSv in radiation per year," Feng Weiheng, chief expert in radiation prevention at the Shanghai Environmental Protection Industry Association, told the Global Times Wednesday.
At present, six nuclear power plants have been put into use in China and another 12 are under construction, while preparation work on the construction of 28 plants is underway.
According to a State plan released in 2007, by 2020, nuclear power installed capacity will reach 40 million kilowatts.
Operations at a number of power plants were suspended after the Fukushima nuclear leak.
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