China to build 11 nuclear reactors: China has approved the construction of 11 nuclear reactors across five sites for a total of CNY 2220 bn (c. USD 31 bn), Bloomberg reports, citing China’s state-owned China Energy News. CGN Power — subsidiary of China’s state-owned China General Nuclear Power — got the approval for six reactors, while China National Nuclear got approval for three, and State Power Investment received approval for the remaining two. The reactors will be located in the Jiangsu, Shandong, Guangdong, Zhejiang, and Guangxi regions, with construction set to take around five years.

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This comes a day after China approved five new projects: China’s cabinet just approved fivenew nuclear power projects. Among these is the first phase of the Jiangsu Xuwei project, developed by a subsidiary of China National Nuclear Power with a designed capacity of 2.86 GW. The project is currently in the preparation stage.

Making strides in nuclear energy: China currently has 56 reactors in operation, meeting around 5% of its total electricity demand, Bloomberg adds. The Chinese State Council approved six new nuclear reactors worth USD 17 bn last year. China’s nuclear generation portfolio is expected to continue expanding, on the back of Beijing approving 10 reactors in 2022.

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