China’s government is breathing life into its nuclear sector with the approval of the country’s first new reactors in more than two years. As the WSJ’s Brian Spegele reports:
The National Development and Reform Commission, China’s top economic-planning agency, approved construction of two reactors in the country’s northeastern Liaoning province by state-owned China General Nuclear Power Corp., according to a statement to the Hong Kong Stock Exchange by the company’s listed unit, CGN Power Co.
China is the world’s biggest nuclear growth market. The country operates 24 reactors currently. A further 25 are under construction, out of 68 globally, according to the IAEA. China doesn’t disclose total spending, but based on the cost of reactors, its buildout represents tens of billions of dollars in potential new business for Chinese and foreign companies over the coming decade.
via Nuclear Power Gains Traction in China – China Real Time Report – WSJ.
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