GE Lobbies China to Get Into Fastest-Growing Nuclear Market

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http://quote.bloomberg.com/apps/news?pid=10000103&sid=a7H9aADuDS7k&refer=news_index

April 18 (Bloomberg) -- Andrew White, head of General Electric Co.'s nuclear unit, is lobbying China to accept a design used in a fifth of the world's reactors to catch up with Areva SA in the world's fastest-growing market.

China's insistence on so-called pressurized-water reactors that run half the world's nuclear plants is preventing GE from offering its boiling-water technology, White said in an interview in Beijing.

GE is counting on China to revive reactor sales after the Fairfield, Connecticut-based company completes its only existing project to install two units in Taiwan. China may account for half the 70 gigawatts of new nuclear power capacity built around the world over the next 15 years, White said.

``There's not much we can do until we're allowed to bid,'' White said. ``We'll be lucky to get into the next round of bidding.''

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3. Wow what happened here? Wish I wouldn't have missed it n/t