China Greenlights Record 11 Nuclear Reactors in Major Energy Push

China has approved the construction of 11 new nuclear reactors across five different sites. This decision, announced on Monday, represents the largest number of nuclear reactor permits issued at once in the country’s history.

The approved projects will be spread across the provinces of Jiangsu, Shandong, Guangdong, Zhejiang, and Guangxi. The total investment for these reactors is estimated to be at least 220 billion yuan (approximately $31 billion), with construction expected to take around five years.

This latest approval continues China’s trend of aggressive nuclear expansion, following the approval of 10 new reactors in each of the previous two years. The country already leads the world in the number of nuclear reactors under construction and is projected to become the world’s largest atomic power generator by 2030, surpassing both France and the United States.

Among the approved projects, six reactors will be operated by CGN Power Co., three by China National Nuclear Corp. (CNNC), and two by State Power Investment Corp. Notably, the approvals include a high-temperature gas-cooled reactor at the Xuwei plant in Jiangsu, which represents a fourth-generation design with advanced safety features.

Currently, China has 56 operational nuclear reactors, which contribute about 5% of the country’s total electricity demand. Industry analysts predict that China will continue to approve around 10 new reactors annually for the next three to five years.

This massive nuclear expansion aligns with China’s commitment to diversifying its energy mix. The predominant use of the Hualong One reactor design in these new projects signals China’s push for technological self-reliance in its nuclear industry.


Information for this story was found via Reuters, Bloomberg, and 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

Iron Ore And Metallurgical Coal Are Counterintuitively Moving In Wildly Diverging Directions

In one of the most surprising steel-related commodities markets ever, the price of one key...

Monday, September 20, 2021, 04:46:00 PM

Kyle Bass: Chinese Government will use Evergrande Collapse to Reign in Surging Housing Prices

Fresh from calling out BlackRock and Ray Dalio over their optimistic investing prospects in China,...

Wednesday, September 22, 2021, 11:28:00 AM

Nvidia-Backed Firm Seeks Nuclear-Powered Site for AI Data Center in Japan

Ubitus K.K., a Tokyo-based cloud services company backed by Nvidia (Nasdaq: NVDA), is planning to...

Saturday, November 2, 2024, 11:29:00 AM

China Keeps Pumping Liquidity Into Markets Amid Evergrande Debt Crisis

China’s central bank has injected even more short-term liquidity into its financial system, as concerns...

Wednesday, September 22, 2021, 04:58:00 PM

Trump’s Trade Turmoil Continues As US Accuses Japan, China Of Currency Devaluation

President Donald Trump has once again ignited controversy by accusing Japan and China of unfairly...

Tuesday, March 4, 2025, 10:42:00 AM