Fujian nuclear power bases H1 investment at 5.2 bln yuan

sxcoal.com Environmental Protection,  Nuclear 2020-07-08 14:38:05

Four major nuclear power bases in southeastern China's Fujian province poured around 5.2 billion yuan on nuclear power projects during the first half of the year, accounting for 47% of planned annual investment, according to the provincial development and reform commission.

Investment of about 1.9 billion yuan ($270.7 million) was given to Unit 5 and 6 under Huanglong One demonstration project at Fuqing Nuclear Power Plant. About 1.66 billion yuan was provided to two units of Zhangzhou Nuclear Power Plant Phase I project, and 1.41 billion yuan to Units 5 and 6 of Ningde Nuclear Power Plant.

Fujian's has a rapid growth in energy consumption, but it lacks conventional energy sources like coal and oil, which makes nuclear power an important source to ease energy supply pressure, especially when hydropower market is saturated.

It is expected that Unit 5 at the Fuqing Nuclear Power Plant will be connected to the grid by 2020, and Unit 6 is scheduled to be put into operation in 2021.

Unit 1 at the Zhangzhou Nuclear Power Plant will be put into commercial operation in June 2024, and Unit 2 in April 2025.

Fujian aims to increase the share of installed capacity of clean energy such as hydropower, nuclear power and wind power to over 56% in energy mix, according to the 2020 Fujian government work report.

(Writing by Emma Yang  Editing by Jessie Jia)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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