China approves 11 nuclear reactors worth $31 billion across five sites

China approves 11 nuclear reactors worth $31 billion across five sites

Daily Current Affairs / China approves 11 nuclear reactors worth $31 billion across five sites

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Category : Science and Tech Published on: August 21 2024

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China approved 11 nuclear reactors across five sites on 19 August 2024, a record amount of permits as the government leans even more heavily on atomic energy to support its push to cut emissions.
The State Council greenlighted the new reactors in sites spread across Jiangsu, Shandong, Guangdong, Zhejiang, and Guangxi. The total investment for all 11 units will be at least 220 billion yuan ($31 billion) with construction taking about five years
The total investment for all 11 units will be at least 220 billion yuan ($31 billion) with construction taking about five years.
China has more nuclear reactors under construction than any other nation in the world and approved 10 new reactors in each of the last two years. The country is expected to surpass France and the US to be the world’s leading atomic power generator by 2030.

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