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Thursday, May 13, 2010

Mexico eyes up to 10 new nuclear plants by 2028

http://in.reuters.com/article/oilRpt/idINN1220778320100512

Thu May 13, 2010 2:12am

LA JOLLA, Calif., May 12 (Reuters) - Mexico may build up to 10 new nuclear power stations by 2028 under one scenario being evaluated by the state electricity monopoly, the company said in a presentation on Wednesday.

Mexico's Federal Electricity Commission, or CFE, currently has four scenarios for new power generation capacity from 2019- 28 that range from a heavy reliance on coal-fired power plants to meet growing demand to a low-carbon scenario that calls for big investments in nuclear and wind power, said Eugenio Laris, who is in charge of investment projects at the company.

Mexico currently operates a single nuclear power station at Laguna Verde in the state of Veracruz along the Gulf of Mexico.

Construction of the plant, which entered commercial operation in the 1990s, took nearly 20 years and the high cost of developing nuclear power stations has so far deterred the CFE from building another.

However, the government of President Felipe Calderon has made tackling climate change a priority. Calderon has promised to make voluntary cuts in carbon dioxide emissions by reducing natural gas flaring and through more efficient use of energy. He has indicated his willingness to further cut Mexico's carbon emissions with financial assistance from wealthier nations.

Under the most aggressive scenario, nuclear energy would supply nearly a quarter of Mexico's power needs by 2028, which would allow the country's carbon emissions from power generation to remain virtually unchanged from 2008 despite projections of substantially higher demand.

By contrast the coal-reliant scenario calls for the building of 14 coal-fired generation stations that would double carbon emissions over the same period. (Reporting by Robert Campbell; Editing by David Gregorio)

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