Aibing Guo reports that the stock value of Chinese nuclear power generators rose in Hong Kong and Shanghai after the State Council approved the construction of four additional reactors on Wednesday.
China has approved construction of eight reactors this year, including recent approval. China plans to build as many as eight nuclear power plants each year from 2016 to 2020 and invest 500 billion yuan ($77 billion) on next-generation nuclear reactors during the five years, according to a statement from state-owned Power Construction Corp. of China Ltd. earlier this month, citing a draft of the Chinese 13th five-year plan.
Chinese nuclear power expansion is back on the right track now, especially with this recent approval from the government, Shi Yan, a Shanghai-based analyst at UOB-Kay Hian Ltd. The government is trying to build a bit of momentum for the nuclear power industry heading into 2016 and setting up a wave of nuclear construction in the next couple of years.
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