Guangdong Nuclear Wins State Approval to Construct Two Reactors in Guangxi

China Guangdong Nuclear Power Group Co., the nation’s second-biggest builder of atomic plants, received state approval to construct two reactors in the southern province of Guangxi to boost supply of clean energy.

The first-phase development at Fangchenggang will cost 24 billion yuan ($3.5 billion) and comprise two units with capacities of 1,080 megawatts each, according to a statement published on the website of the State-owned Assets Supervision and Administration Commission today.

China, the world’s biggest emitter of greenhouse gases, wants 15 percent of its energy demand to come from clean sources by 2020 to reduce emissions and reliance on coal and oil. Construction of the two nuclear reactors at Fangchenggang will start by the end of this month and be completed by 2016, according to the statement.

The State Council approval was expected in the first quarter of 2010, Zhang Yuanxin, head of Guangxi’s Development and Reform Commission, had said in February. The local government aimed to start the first reactor by 2014, Zhang said then.

China Guangdong Nuclear will partner China Power Investment Corp. and Guangxi Investment Group Co. to build six reactors totaling 6,000 megawatts at the Fangchenggang site, Liu Qingming, vice chairman of the advisory body of Fangchenggang’s government, said in March 2007.

To contact the reporter on this story: Baizhen Chua in Beijing at bchua14@bloomberg.net

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