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Cheney to Promote American-Made Nuclear Reactors to China [View All]

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-04 05:04 PM
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Cheney to Promote American-Made Nuclear Reactors to China
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http://ap.tbo.com/ap/breaking/MGAVX0CTUSD.html

WASHINGTON (AP) - On a trip to China next week to talk about high-stakes issues like terrorism and North Korea, Vice President Dick Cheney will have another task - making a pitch for Westinghouse's U.S. nuclear power technology.


At stake could be billions of dollars in business in coming years and thousands of American jobs. The initial installment of four reactors, costing $1.5 billion apiece, would also help narrow the huge U.S. trade deficit with China.

China's latest economic plan anticipates more than doubling its electricity output by 2020 and the Chinese government, facing enormous air pollution problems, is looking to shift some of that away from coal-burning plants. Its plan calls for building as many as 32 large 1,000-megawatt reactors over the next 16 years.

No one has ordered a new nuclear power reactor in the United States in three decades and the next one, if it comes, is still years away. So, China is being viewed by the U.S. industry as a potential bonanza.

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