On May 25, the Swiss Government decided that it would phase out nuclear power, and seek alternative energy sources.
Zhejiang province in eastern China will impose punitive power prices on big power consumers from June 1 if their energy use exceeds stipulated standards, in an effort to curb demand amid rising capacity shortfalls.
Much of central China is facing power cuts and rolling blackouts as drought dries rivers, reducing hydroelectric capacity.
Japan’s Prime Minister, Naoto Kan, has announced that the country will abandon plans to expand its nuclear power industry, and instead will make renewables a key part of its energy policy.
The accident at Japan’s Fukushima nuclear power plant will not affect civil nuclear cooperation between Pakistan and China, Masood Khan, Pakistan’s Ambassador to China said. He said that plans to work with China to build two more 340 MW nuclear reactors at the Chashma facility in Punjab province would go ahead as scheduled.
Pakistan’s electricity shortfall rose beyond 7200 MW on May 1 as Pakistan State Oil’s furnace oil import was delayed by two days, creating a generation hole of over 2000 MW in the Pakistan Electric Power Company (PEPCO) system.
The China Electricity Council said that China may face power shortages of 30 GW during summer as electricity supply lags behind demand growth.
Japan’s growing anti-nuclear movement in the wake of the world's biggest nuclear accident since Chernobyl is creating an opportunity for Japanese makers of solar equipment. Companies such as Panasonic and Sharp are expected to capitalize on orders that analysts estimate may exceed $100 billion over the next decade, bringing down costs for consumers.