Nuclear Power
China approves the construction of 10 new nuclear units worth $27 billion
The Paper, a government-backed newspaper, reported late Sunday that China's State Council had approved the construction 10 new nuclear power plants. The total cost was estimated at 200 billion yuan (about $27.44 billion). The pace of growth is expected to continue in the next few years with an average of 10-11 units approved each year between 2022-2024. Five nuclear power plants are being expanded by the newly approved projects. They all use domestic technology and include Fangchenggang, Sanmen, Haiyang, Xiapu, Chongqing, Xiapu, Shandong and Taishan, Guangdong. China's nuclear energy association said in their annual white paper released also on Sunday...