Monday 23 Dec
In a significant boost to its nuclear energy ambitions, China has approved the construction of 11 new nuclear reactors across five provinces. This unprecedented expansion marks a major step towards achieving the country's emissions reduction goals.
The State Council has given the
green light for reactors in Jiangsu, Shandong, Guangdong, Zhejiang, and
Guangxi, with a combined investment of at least 220 billion yuan. Each reactor
is expected to take approximately five years to complete, according to a report
by the financial news outlet Jiemian.
China already leads the world in
nuclear reactor construction, having approved 10 new reactors in both 2022 and
2023. This latest development further solidifies its position as a global
nuclear power leader.
Meanwhile, South Korea's nuclear industry has received a major endorsement. CGN Power, a subsidiary of China General Nuclear Power Corp, has secured approvals to build six reactors in three locations. This, along with other recent approvals, highlights South Korea's growing potential as a nuclear technology exporter.
