China issues nuclear safety blueprint, eyes $15.5b investment
SHANGHAI (REUTERS) - China will have to spend around 80 billion yuan (S$15.5 billion) by 2015 to upgrade the security of its nuclear facilities and radioactive contamination control to international standards, a report issued by the Ministry of Environmental Protection said.
China, which has an ambitious plan to build as many as 100 reactors over the next two decades, imposed a ban on approving new nuclear power plants after Japan's nuclear crisis in March 2011 and ordered nationwide safety checks on its 41 plants.
The report, which laid out a road map for China's nuclear safety to reach international standards by 2020, suggested the government was moving closer to restarting the approval process for reactor expansion.
It evaluated safety in China's nuclear-power industry and recommended phasing out older nuclear reactors sooner, sharing and improving access to information, enhancing the research and development of nuclear safety and improving the handling of radioactive waste.