Guangdong Nuclear agrees to build Anhui plant
Guangdong Nuclear, Shenergy, Shanghai Electric Power and Anhui Province Energy Group signed an agreement to jointly invest in the first phase of the nuclear plant, Guangdong Nuclear said in a statement on its Web site.
China wants to increase the use of alternatives like nuclear energy to reduce pollution and dependence on oil and coal. The country needs to add two reactors a year to meet a target of generating 4 percent of its electricity from nuclear plants by 2020 compared with about 2.3 percent now.
The Anhui nuclear plant may cost 46 billion yuan, or $5.84 billion, the state-run Xinhua agency reported in November, citing the local government in the city of Wuhu.
Related News
Hydro-Quebec begins talks for $185-billion strategy to wean the province off fossil fuels
MONTREAL - Hydro-Québec is in the preliminary stages of dialogue with various financiers and potential collaborators to strategize the implementation of a $185-billion initiative aimed at transitioning Quebec away from fossil fuel dependency.
As the leading hydroelectric power producer in Canada, Hydro-Québec is set to allocate up to $110 billion by 2035 towards the development of new clean energy facilities, with an additional $50 billion dedicated to enhancing the resilience of its power grid, as revealed in a strategy announced last November. The remainder of the projected expenditure will cover operational costs.
This ambitious initiative has garnered significant interest from the financial…
