An additional US$180 billion will have to be spent on power generation by 2020 according to a report published by Capgemini, in association with French firm EDF and the China Electricity Council. The report, referred to in a Financial Times article, forecasts that China will require 280 gigawatts of electricity in addition to the 950GW planned. Despite efforts to reduce reliance on coal, Capgemini believes that coal-fired power plants will still provide 71% of electricity by 2010 and 65% by 2020. China's escalating appetite for power means it requires an average of 48GW of new capacity each year, equivalent to two-thirds of the UK's total installed capacity. There are plans to invest US$50 billion in an installed nuclear capacity of 40GW by 2020.