Nuclear utilities thrust into the spotlight after the Fukushima meltdowns have ordered 20 reactors shut, the most in a three-year span since Chernobyl’s aftermath, saddling the industry with a possible $26 billion in costs.
Global expansion of nuclear power may draw more scrutiny and skepticism as the world watches Japan struggle to prevent a meltdown at a reactor damaged by a record earthquake, a former U.S. atomic regulator said.
Kazatomprom, the Kazakhstan state nuclear company, plans a 100-fold increase in sales of uranium pellets to China within three years as the East Asian country almost triples the number of nuclear power plants it operates.
France’s Areva SA , largest provider of nuclear equipment and services, fell the most in more than two years after an earthquake and explosions at Japanese atomic power plants raised concerns about expansion in the industry.
The ballroom of the Grand Hyatt on Beijing’s East Chang An Avenue was packed. The occasion: the first-ever China International Nuclear Symposium, a gathering of China’s top nuclear players and the world’s nuclear power companies, including Westinghouse, Areva SA, and Hitachi-GE.