China Makes $31 Billion Nuclear Push With Record Reactor Approvals
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(Bloomberg) — China approved 11 nuclear reactors across five sites on Monday, a record amount of permits as the government leans even more heavily on atomic energy to support its push to cut emissions.
The State Council green-lighted the new reactors in sites spread across Jiangsu, Shandong, Guangdong, Zhejiang provinces and Guangxi Zhuang autonomous region, state-run China Energy News reported. The total investment for all 11 units will be at least 220 billion yuan ($31 billion) with construction taking about five years, according to financial publication Jiemian.
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