Asia going nuclear amid rising oil prices, concerns over global warming

Led by fast-growing China and India, Asia is going nuclear in a big way to feed its ravenous appetite for energy.

The strains of economic growth are already showing. Energy shortages have forced Chinese factories to scale back production, and farmers in India often have power for only half the day. Both countries say their future growth is at risk unless they diversify their energy mix.

So does South Korea, where Yoon Ho-taek scans a construction site the size of 10 football fields in the southeastern city of Ulsan, points to what looks like a partly built amphitheater, and declares: “The future of nuclear power is bright.”
Along with homemade reactors, Asia’s plans hold out the promise of a bonanza for American companies such as Westinghouse Electric Co. and General Electric Co. which already have a strong presence in the region. Westinghouse has helped build 14 nuclear plants in South Korea and provided technology for almost half of Japan’s 55 nuclear units. GE, meanwhile, has helped build 36 reactors in Japan, India and Taiwan.

“We expect Asia to become a leader in the use of commercial nuclear power,” Timothy Collier, president of Westinghouse Korea, told The Associated Press. Asia needs a reliable electricity source, he says, and “Nuclear offers the opportunity to do that free of the dependence on oil.”

Eighteen reactors _ about 70 percent of the world’s total under construction _ are going up in Asia, and another 77 are planned or proposed, according to the Nuclear Energy Institute, an industry advocacy group based in Washington, D.C.

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