In March 2011, a nuclear leakage accident occurred in Fukushima, Japan. After the State Councilâ€™s executive meeting heard reports on the nuclear accident at the Fukushima Daiichi nuclear power plant in Japan, it decided to conduct safety inspections of nuclear facilities across the country.
The comprehensive safety inspection that lasted for more than nine months undoubtedly provided strong support for the healthy development of Chinaâ€™s nuclear power. At the same time, the debate between â€œnuclear guaranteeâ€ and â€œdiscarded nuclearâ€ really made people feel confused about the future of Chinaâ€™s nuclear power.
Today, the approval of two documents shows the managementâ€™s attitude toward the development of nuclear power. In this regard, Xu Wei, academician of the Chinese Academy of Engineering, analyzed that â€œplanningâ€ was approved, indicating that the management is conscious and capable of ensuring the safety of the nuclear power unit, which is good news for the nuclear power industry.
Chinaâ€™s overall nuclear safety guarantee began in March last year. The relevant departments organized nuclear safety, earthquake, and ocean experts to use 41 nuclear power generating units and 3 nuclear power units to be built in the country for more than 9 months. All civil research reactors and nuclear fuel cycle facilities have undergone comprehensive safety inspections. In addition, the Chinese Academy of Engineering organized a major research project for re-research on the development of nuclear energy in our country and formed a research report on the â€œProposal for the Development of Chinaâ€™s Nuclear Power in the New Situationâ€ phase.
According to the contents of the Executive Meeting of the State Council (May 31st), the overall conclusion of the security inspection is that China's nuclear safety standards fully adopt the safety standards of the International Atomic Energy Agency, and the nuclear safety regulations and standards system is in line with international standards. Civil nuclear facilities have fully demonstrated the external events such as earthquakes and floods in the site selection. Nuclear power plants have been effectively managed in all aspects of design, manufacturing, construction, commissioning and operation, and their overall quality has been controlled.
The inspection concluded that the nuclear power plants in operation and under construction in our country can basically meet the requirements of Chinaâ€™s current nuclear safety regulations and the latest IAEA standards, have certain capabilities for the prevention and mitigation of serious accidents, and have controlled risks and safety; civil research reactors and nuclear fuel. The circulating facilities meet the requirements of China's current nuclear safety regulations, with controlled risks and safety guarantees.
At the same time, the main problems identified in the inspection were: the flood control capabilities of individual NPPs did not meet the new requirements, the seismic capabilities of individual civil research reactors and nuclear fuel cycle facilities did not meet new standards, and some NPPs did not establish and implement severe accident prevention and mitigation. Procedures, tsunami issues assessment and response are relatively weak. With regard to these issues, the relevant departments and enterprises have quickly organized rectification and have achieved initial results.
The resumption of nuclear power project approvals is further just like the academician of the Chinese Academy of Engineering Xu Wei believes that the â€œplanningâ€ has been approved â€œis good news for the nuclear power industryâ€. The vast majority of experts and industry professionals believe that the revision of Chinaâ€™s nuclear power after the â€œflight routeâ€ was achieved. With the guarantee of healthy development, its future will play a significant role in "steady growth."
An industry insider who declined to be named told the Securities Daily reporter that although the approval of â€œplanningâ€ is a major industry advantage in the field of nuclear power, it does not mean that nuclear power project approval has been restarted. In fact, due to â€œJapanâ€™s blessings "The island nuclear leakage accident", the State Council announced the suspension of approval of nuclear power projects, China's nuclear power into a temporary stagnation state wants to eventually clear the development goals still need to be the National Energy Agency "nuclear power in the long-term development plan", "nuclear power safety planning" policy guidance.
It is reported that the above-mentioned two plans of the National Energy Administration have been submitted to the State Council but have not been approved. The industry speculated that the controversy may be concentrated on the adjustment of the goal of â€œChina will build an installed capacity of nuclear power of 80 million kilowatts in 2015â€.
Aside from the industrial level, the market generally believes that with the combined effects of effective comprehensive safety inspections and the â€œstabilizing growthâ€ macro background, the review and restart of nuclear power projects are in full swing, and this is enough to support the nuclear power sector of the A share market to go out of its slump. Among them, the performance of listed companies such as Dongfang Electric, Shanghai Electric, and China Yizhong with the capability to manufacture millions of kilowatts of nuclear islands or conventional islands will be effectively supported.
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