China’s nuclear power industry has been hit hard by a recent downturn in demand for the nation’s electricity.
But the country’s new deepwater power plants are being built at a pace that is faster than ever before.
The country’s government is expected to approve the first of four deepwater projects on Monday, a key step in the government’s plans to modernize the countrys nuclear plants.
The plants, which are planned to be constructed at a cost of $5 billion and will produce about 100 megawatts of electricity each, will generate more than 1 million tons of carbon dioxide emissions each year.
At the same time, they will provide a key source of electricity for the country as it seeks to modernise its aging nuclear reactors.
“It’s a good sign for the future of the country,” said Joseph Teng, director of the Center for China Energy Policy at the Institute for Sustainable Development in Shanghai.
Ahead of Monday’s announcement, the head of the Chinese Academy of Sciences, Yang Jin, said China’s new nuclear power plants were a “step towards an energy security strategy that will lead to a rapid transition to a low-carbon economy.”
China’s nuclear industry has faced a number of setbacks since it was launched in 1976.
In 2012, China’s national nuclear agency issued a report detailing problems in the construction and operation of some of the plants, saying the country had lost up to 50 percent of its production in the past three decades.
China has also struggled to keep up with rising demand for its power, which is driven largely by the rapid growth of China’s population and the rapid economic growth of its economy.
The country’s coal industry, which relies heavily on nuclear power, has also seen a major decline in production since 2011.
But the country has also found a new source of energy with the advent of deepwater.
The plants are expected to provide an estimated 1,500 megawatts (MW) of power each.
Deepwater plants have been built at the same speed China has for decades.
Under the new project, the government is seeking to modernify the country and replace its nuclear plants with new ones.
China’s deep-water power projects are expected cost $5bn each.
That is higher than any other nuclear project in the world, according to a government report.
The project will be approved by the National Energy Administration (NEA), the government agency that oversees the country, on Monday.
Chinese officials are expected also to approve a second deep-sea project, called “Jiangshan deepwater” that will be built on the Yichang coast, a major shipping hub.
The government says it hopes to build the project by the end of 2020.
China has long relied heavily on its nuclear power generation, and many in the country believe that it is the future.
But since its inception, China has struggled to modernised its nuclear reactors, which require extensive safety upgrades.
On Monday, the nuclear industry’s new focus on deepwater may help it to build a cleaner energy future.
“This is a good opportunity to build and build at a faster pace,” Teng said.
“And it is a very good thing for the Chinese people.”