China Approves 10 Nuclear Reactors in $27 Billion Power Push

China has approved construction of 10 nuclear reactors worth nearly $27.4 billion, accelerating the world’s most ambitious atomic energy program as the country works to meet climate goals while reducing reliance on coal, state media and companies involved in the projects said.

The approvals, granted at an April 27 State Council meeting led by Premier Li Qiang, will add approximately 12 gigawatts of generating capacity across five sites, according to statements from China General Nuclear (CGN) and China National Nuclear Corporation (CNNC).

The reactor approvals mark the fourth consecutive year China has authorized at least 10 new units annually, underscoring Beijing’s commitment to its target of 200 gigawatts of nuclear capacity by 2035, more than tripling its current fleet.

“Construction will begin when the Permit for Nuclear Power Station Construction has been obtained from the National Nuclear Safety Administration,” CGN said in a statement, adding that it was “carrying out various preparatory work for the construction of the above-mentioned units in an orderly manner.”

The new units will employ domestically developed Hualong One reactors and CAP1000 technology, China’s version of the Westinghouse AP1000 design, according to documents released by the power companies.

Projects receiving authorization include new phases at Fangchenggang in Guangxi region, Taishan in Guangdong province, Sanmen in Zhejiang province, and Haiyang in Shandong province, along with units at the Xiapu site in Fujian province.

China currently operates 58 reactors generating 56.9 gigawatts, with another 30 units totaling 34.4 gigawatts already under construction, according to World Nuclear Association data.

The push comes as China, the world’s largest carbon emitter, aims to peak emissions before 2030 and reach carbon neutrality by 2060. Nuclear power, which produces minimal greenhouse gases during operation, forms a growing part of this strategy alongside renewable sources.

State Power Investment Corporation will lead development at the Haiyang site, which already hosts two AP1000 reactors with two more CAP1000 units under construction.

China’s rapid nuclear expansion contrasts with slower development in most Western countries, where projects often face financing challenges and lengthy regulatory processes.

According to China Daily, the newly approved projects represent an investment of over CNY200 billion ($27.4 billion), providing stimulus to local economies and manufacturing sectors specializing in nuclear components.



Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Eldorado Gold: The $3.8 Billion Foran Mining Acquisition

Silver Tiger’s $2.35B Silver Blueprint: Two Mines, One Perfect Metals Market

Gold Is At Records. Barrick Mining Is Printing Cash. The Stock Still Fell. | Q4 Earnings

Recommended

Canadian Copper Plans 2,500 Metre Drill Program For 2026

Mercado Receives Permits For Planned 3,000 Metre Drill Program At Copalito

Related News

Cathie Wood Begins Liquidating Chinese Stocks Following Tech Crackdown

Ark Invest CEO Cathie Wood has allegedly begun cutting back her fund’s exposure to China,...

Friday, September 10, 2021, 02:37:00 PM

Google Shuts Down 11,000 State-Linked Propaganda Channels

Google shut down approximately 11,000 YouTube channels and associated accounts during the second quarter of...

Friday, July 25, 2025, 04:26:00 PM

China Delays GDP Release, Provides No New Date As Communist Party Meets

China unexpectedly delayed the publication of its third-quarter gross domestic product data a day before...

Tuesday, October 18, 2022, 10:53:00 AM

Estonian Parliament Clears the Path for Nuclear Power

The Riigikogu, or the Estonian Parliament, on Wednesday passed a resolution supporting the adoption of...

Thursday, June 13, 2024, 02:56:00 PM

Silver Exports Face Stricter China State Trading

China’s Ministry of Commerce confirmed that tungsten, antimony, and silver exports will again be handled...

Tuesday, November 4, 2025, 02:11:00 PM