THE forces driving the global growth of nuclear energy are the similar now as they were earlier than the Japanese disaster. That was the word sent out in recent times to shareholders by Toro Energy (TOE). The letter continued: “Energy demand and the need for internal energy refuge from a low-carbon, base-load supply will mean continual growth in the industry.”
Your correspondent last week asked one of Australia’s uranium veterans in relation to the outlook. This man was working on uranium projects here in the 1970s onwards and, while he’s stimulated on to other ventures, he takes a close attention in the uranium sector. And he visits China regularly.
On one such current visit he asked a senior official whether China would preserve its planned nuclear reactor construction program. Not only did the official authenticate this, but did so in a way that left our man with the impression that Beijing has even extra ambitious nuclear energy plans up its sleeve. As we have pointed out, China has no choice; it desperately needs far extra base-load power and, while ambitious, its wind energy building program will still be at the kindness of the breezes.
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