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Investing.com -- China’s State Council has given the go-ahead for the construction of 10 new nuclear power units. The approval for these projects, which will all utilize domestic technologies, was reported by government-backed media The Paper on Sunday. The total cost of these projects is estimated to be around 200 billion yuan ($27.44 billion).
The new nuclear units will be expansions to five existing nuclear power plants. These plants are located in Fangchenggang in Guangxi, Sanmen in Fujian, Haiyang in Shandong, Xiapu in Chongqing, and Taishan in Guangdong. The decision to expand these facilities is in line with China’s efforts to increase its domestic energy production and decrease its reliance on foreign energy sources.
The construction of these new units represents an important step in China’s energy strategy, as the country continues to invest heavily in nuclear power as part of its broader energy mix. As the world’s largest energy consumer, China is making significant efforts to diversify its energy sources and reduce its carbon emissions.
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