BEIJING, July 20 (Xinhuanet) -- China Guangdong Nuclear Power Holding Corp will start work on a nuclear power plant in Guangxi Zhuang autonomous region later this month.
Guangxi Investment Group will partner China Guangdong in the Fangchenggang Nuclear Power Station. The State Council gave the green light for the project on July 15, according to Lou Yun, a China Guangdong spokesman.
The new plant will have six pressurized water reactors with an installed capacity of about 1,000 megawatts (mW) each, said Lou. However, he refused to divulge any further details or the actual amount the company is investing in the project.
Lou indicated that the first phase of the project may cost around 24 billion yuan and the localization rate will be around 80 percent.
Two pressurized water reactors will be installed in the first phase, and one will be ready for commercial operation by 2015 and the second by 2016. The two reactors are expected to generate 15 billion kilowatts hours (kWh) of power every year.
"China is stepping up construction of nuclear plants and in the future each province may have a facility of its own. Hence it is natural that the company is building a plant in the southeast region," said Lin Boqiang, director of the Center of China Energy Economics Research at Xiamen University.