China started work on the first phase of a nuclear power plant in Guangxi Zhuang Autonomous Region on July 30.
The plant, located in Guangpo township, Fangchengang city, is the first such facility in the southern ethnic minority area.
According to Xinhua news agency, the project will have six one-million-kilowatt generators once complete.
The first phase of the project involves construction of two CPR1000 pressurized water reactors with an investment of 26 billion CHY (3.87 billion USD).
Upon completion in 2015 and 2016, the two generators will produce up to 15 billion kWh of electricity annually.
The first phase of the project will create 965,000 jobs and increase production at related sectors, especially equipment manufacturing and construction.
The timetable for the second phase of the project is yet to be determined, but the estimated cost for this phase will increase the project's total investment to nearly 70 billion CHY (roughly 10.4 billion USD).
The project's main financiers are Guangxi Fangchenggang Nuclear Power Co. Ltd., which is jointly run by China Guangdong Nuclear Power Holding Corp., and Guangxi Investment Group Co. Ltd.
The nuclear power plant is one of the 23 key projects the Chinese government has approved this year in a bid to raise the country’s nuclear power capacity to 70 million kW by 2020./.
The plant, located in Guangpo township, Fangchengang city, is the first such facility in the southern ethnic minority area.
According to Xinhua news agency, the project will have six one-million-kilowatt generators once complete.
The first phase of the project involves construction of two CPR1000 pressurized water reactors with an investment of 26 billion CHY (3.87 billion USD).
Upon completion in 2015 and 2016, the two generators will produce up to 15 billion kWh of electricity annually.
The first phase of the project will create 965,000 jobs and increase production at related sectors, especially equipment manufacturing and construction.
The timetable for the second phase of the project is yet to be determined, but the estimated cost for this phase will increase the project's total investment to nearly 70 billion CHY (roughly 10.4 billion USD).
The project's main financiers are Guangxi Fangchenggang Nuclear Power Co. Ltd., which is jointly run by China Guangdong Nuclear Power Holding Corp., and Guangxi Investment Group Co. Ltd.
The nuclear power plant is one of the 23 key projects the Chinese government has approved this year in a bid to raise the country’s nuclear power capacity to 70 million kW by 2020./.
