channelnewsasia.com - Malaysia looking at building its first nuclear plant
   
 
  blogs  
 
yournews
   
   
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News

 
 

Malaysia looking at building its first nuclear plant
Posted: 22 July 2008 1732 hrs

 
 
Photos  of

   
 

KUALA LUMPUR: Malaysian utility Tenaga may construct the country's first nuclear power plant at a cost of US$3.1 billion but is braced for objections from the public, a report said on Tuesday.

"We are looking at about US$3.1 billion for a 1,000 MW plant," Mohamad Zam Zam Jaafar, head of Tenaga's nuclear energy taskforce, was quoted as saying by the Edge financial daily newspaper.

"The government has asked Tenaga to look at nuclear power," he added.

The Edge said Malaysia will reveal a national energy blueprint next month.

Deputy Prime Minister Najib Razak said in June that Malaysia may consider nuclear power to meet its long-term energy needs amid surging global oil prices.

Mohamad said the taskforce was discussing the plant's location and how to source uranium, adding Tenaga anticipated the public could object to the plant.

"A lot has to be done to change the public mindset when it comes to nuclear," he said.

Mohamad also said Tenaga would likely enter into a joint venture with an "experienced party to build its very first plant."

Currently, half of Malaysia's power plants run on gas. Other sources include coal and hydropower.

Last year, the government said it would build Southeast Asia's first nuclear monitoring laboratory to allow scientists to check the safety of atomic energy programmes in the region.

- AFP/yb

 

 



Other business News
Kraft Foods launches hostile bid for Cadbury
Gold hits record high as dollar weakens
Nokia recalls 14m potentially dangerous chargers
GM's China 2009 sales pass 1.5 million units
Audi, BMW report Chinese sales boost in October
Six APEC economies agree to make customs procedures simpler
SKorea wants Obama to be aggressive on trade pact
Allianz reports 1.32 billion euros in Q3 profit
AXA Asia Pacific rejects US$10.13b takeover offer
Is the Dollar Dying a Slow Death?
GE, Comcast agree on valuing NBC Universal
Japan Airlines' executives to forgo pay in December
APEC senior officials discuss findings of trade finance survey
Asian nations bear brunt of dollar slump
Britain's Brown urges debate on banking reform
China hopes US keeps budget deficit to 'appropriate size'

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions