China Approves Construction of 11 New Nuclear Power Plants
The country has the largest number of open reactor construction sites in the world
China is accelerating the development of civilian nuclear power and approves the construction of 11 new reactors. They will be built in five coastal provinces: Jiangsu, Shandong, Zhejiang, Guangdong, and Guangxi.
To finance the project, which has been approved by China’s State Council, according to the Italian economic newspaper Il Sole 24 Ore, $31 billion must be allocated to strengthen “the nuclear energy production chain, which has now reached 433 billion and 371 million kilowatt hours in 2023.”
The project involves CGN Power Corporation (six new reactors), Shandong Zhaoyuan (two reactors), China National Nuclear Corporation (one reactor), and State Power Investment Corporation (two reactors).
It is expected to take only five years of work to complete the systems. China currently has 25 power plants under construction, by far the largest number in the world. Currently, there are 56 power plants in the country, which meet about 5% of the country’s energy needs. China currently competes with France to be the world’s second-largest producer of nuclear energy, and the goal is to overtake the United States in the coming years.
