China Approves Six New Nuclear Reactors to Expand as World’s Biggest Pipeline of New Atomic Energy

• Sommana Yan
• 2 August 2023
• International News
• 2023 Views

In a resolute move that underscores its commitment to bolstering its nuclear capabilities, China’s State Council has granted the green light for the construction of six new nuclear power units, signifying a monumental stride in the nation’s ongoing pursuit of expanding its extensive pipeline of groundbreaking atomic energy initiatives.

The approved projects, with a combined estimated investment of CNY 120 billion (US$16.8 billion), herald China’s relentless drive to further solidify its position as a global leader in nuclear energy production, according to reports from China Daily.

These groundbreaking approvals were announced following a pivotal State Council executive meeting, chaired by Premier Li Qiang on 31 July. Notably, these mark the inaugural nuclear power project approvals in China for the year 2023, highlighting the nation’s unwavering dedication to advancing its nuclear energy ambitions.

The approved projects encompass a diverse array of technological innovations, including units 5 and 6 of the Ningde plant in Fujian province, featuring the cutting-edge Chinese-designed HPR1000 (Hualong One) pressurised water reactors. Meanwhile, units 1 and 2 of the Shidaowan plant in Shandong province are pioneering the second large-scale pressurized water reactor nuclear power project utilising the demonstration High Temperature Gas-Cooled Reactor-Pebble-bed Module (HTR-PM). Equally remarkable are units 1 and 2 of the Xudabao plant in Liaoning Province, each boasting an impressive capacity of 1291 MW.

The significance of China’s ascent in nuclear energy is emphasised by the China General Nuclear (CGN), who stated, “As of 30 June 2023, the cumulative on-grid electricity of the four units in the first phase of the project is 257.9 billion kilowatt-hours,” reflecting the nation’s substantial strides in electricity production.

China’s unrelenting pursuit of nuclear energy expansion further cements its global standing, with the nation’s nuclear fleet currently ranking third globally, following France and the United States. Additionally, China accounts for a remarkable 23 out of the 55 reactors under construction worldwide, as reported by the World Nuclear Association. This momentum was highlighted in 2022, with a total of 10 new reactors securing approval.

This monumental announcement is set to not only redefine China’s nuclear energy landscape but also have far-reaching implications for global uranium prices. The steady rise in uranium prices, more than doubling since 2019, aligns with China’s resumption of reactor approvals after a hiatus due to safety evaluations following the Fukushima nuclear disaster in Japan.

• Energy and Environment