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    China approves 2 nuclear plants, to come up at a cost of $11.5bn


    September 16, 2022 - Hindustan Times

     

      India, Sept. 16 -- China approved two new nuclear power plants in the south of the country earlier this week, taking the total number of newly sanctioned nuclear power units to 10 in 2022, the highest yearly number in more than a decade. The projects approved this week will cost about 80 billion yuan ($11.5 billion), reported Yicai.com, a business news portal.

      China had last approved a larger number of nuclear power plants in 2008, when it gave the go-ahead to 14 new ones.

      The State Council, China's Cabinet, approved the second phase of the Zhangzhou project in the southeastern Fujian province and the first phase of the Lianjiang project in Guangdong province in the south during a meeting chaired by Premier Li Keqiang on Tuesday.

      The aim is to add energy capacity and promote green development, state media reported. China's fast approval of new nuclear units comes in the backdrop of crippling power shortages experienced both last and this year across provinces. SUTIRTHO PATRANOBIS Published by HT Digital Content Services with permission from Hindustan Times. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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