China Approves Record-High 11 New Nuclear Reactors in Major Energy Expansion

Aug 20, 2024, 04:46 AM

China has approved the construction of a record-high 11 new nuclear reactors across five sites, marking a significant expansion in its nuclear energy capacity. The projects, which include the first phase of Jiangsu Xuwei developed by a subsidiary of China National Nuclear Power, are part of a broader strategy to reduce emissions from fossil fuels. The total investment for these projects exceeds CNY200 billion (approximately USD28-31 billion). The reactors are expected to be completed in five years, with companies like CGN Power Co. involved in the development of six reactors across three sites. This move underscores China's commitment to increasing its reliance on atomic energy as part of its energy transition efforts.