In a strategic move to bolster its energy infrastructure, China has sanctioned the development of 10 new nuclear power reactors. These reactors are projected to incur a total expenditure of 200 billion yuan ($27.44 billion), aiming to augment the capacity of five existing nuclear power plants. The new reactors will be established at the Fangchenggang facility in Guangxi, Sanmen in Fujian, Haiyang in Shandong, Xiapu in Chongqing, and Taishan in Guangdong.
China’s investment in nuclear energy reached unprecedented levels last year, with 146.9 billion yuan directed towards nuclear power engineering and construction, as reported by the China Nuclear Energy Association in its annual bulletin. By the end of 2024, China is expected to operate 57 nuclear units with a combined capacity nearing 60 GW.
Currently, China has 28 nuclear reactors under construction, boasting a capacity of 33 GW. When the 17 approved units are completed, the nation’s total nuclear capacity will surge to 113 GW.
Nuclear Energy Leadership Targeted by 2030
China is on track to surpass the United States in terms of installed nuclear capacity by 2030, positioning itself as a global leader. Presently, China ranks third, following the US and France. As of 2024, nuclear energy contributes 5 percent to China’s electricity generation, with aspirations to double this share to 10 percent by 2040.
In tandem with its advancements in renewable energy, China aims to fortify its energy security through increased nuclear investments and a shift towards sustainable energy by curbing coal production. Notably, China has achieved a significant milestone by producing all fundamental equipment for its nuclear power plants domestically. Last year, the country delivered 114 sets of indigenous nuclear power equipment, a figure that has doubled since 2023.
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