Jan 23, 2015

China's biggest reactor operator will five nuclear reactors into operation this year

China's biggest reactor operator, China General Nuclear Power Group (CGN), will put another five reactor units into operation this year, company executives said, adding that they remain confident in the sector's growth despite approval delays.

The state-owned company, parent of Hong Kong Listed CGN Power, completed three new reactors in 2014, taking its total fleet to 11.

The company had originally planned to complete five reactors in 2014. So they were two short of that goal.

China has 22 reactors in operation and a further 26 under construction, but it will need to approve and build at least another 10 units if it is to meet its 2020 capacity target of 58-gigawatts.

This would account for about 3 percent of expected total electricity generation.

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