China approves four Westinghouse reactors for nuclear power plants
Aug 29 (Reuters) -U.S. nuclear firm Westinghouse said on Thursday China has given it approval to supply four nuclear reactors for two separate Chinese power projects.
The company said China's State Council has greenlit building two AP1000 reactors for the Bailong nuclear power project, owned by the country's State Power Investment Corp, in the Guangxi province.
The other two Westinghouse-designed AP1000 reactors were approved for China General Nuclear Power Corp's Lufeng Nuclear Power Plant in the Guangdong province.
China's nuclear power industry has benefited from sustained state support and localization strategies. It has helped the country advance in sectors such as renewable energy and electric vehicles.
Westinghouse, which is owned by uranium producer Cameco CCO.TO and Brookfield Renewable Partners, said the approval brings the total number of operational and approved reactors based on AP1000 technology in China to 16.
The same reactors were used at Georgia's Vogtle site that came online in 2023 and 2024.
Reporting by Sourasis Bose in Bengaluru; Editing by Shreya Biswas
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
