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China Starts $481 Million Nuclear Power Project, Xinhua Says

China started construction of a 3 billion yuan ($481 million) nuclear power reactor last month, the Xinhua News Agency reported today, citing the Chinese energy company in charge of the project.

The reactor, which is being built at Shidao Bay in the eastern province of Shandong, will start generating power by the end of 2017 and will have capacity of 200 megawatts, Xinhua said, quoting the operator of the plant, Huaneng Shandong Shidao Bay Nuclear Power Co..