Energy and transition

Eleven reactors in five years: how China accelerates on nuclear power

The government approves the construction of new plants, with a record $31 billion investment. The goal is to overtake France and Germany in atomic energy production by 2030

by Rita Fatiguso

La costruzione di una centrale nucleare a Fangchenggang, nella regione del Guangxi Zhuang.

3' min read

3' min read

The drive, as always, is triggered by autarky, and in nuclear power too China aspires to self-sufficiency. There is no time, energy must be produced and emissions reduced, so as much as 31 billion dollars have just been drummed into eleven new reactors at five sites. The State Council-NDRC transmission belt, which is the Communist Party's economic arm, feeds a nuclear energy production chain that has now reached 433 billion 371 million kilowatt-hours by 2023.

The country has 56 reactors currently in operation, with a combined capacity of around 5% of total electricity demand, according to data from the China Nuclear Energy Association. As a result, China is second in the world in terms of production and has also cut its use of standard coal by more than 130 million tonnes.

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The goal is to overtake France and the United States as the leading generator of atomic energy by 2030.

The Blue Book presented on 15 April by the China Nuclear Energy Industries Association, the China Nuclear Energy Development Report 2024, already charted the course by anticipating the latest steps that have just been taken, from the operation of nuclear power, to plant construction, to scientific and technological innovation.

According to the Blue Book, the construction of nuclear power plants in China is steadily advancing, especially the design of new projects now uses almost entirely Chinese-made components.

By 2023, the country had already approved five new projects and started construction of five new nuclear power plants. To date, China has as many as 26 nuclear power plants under construction, with a total installed capacity of 30.3 million kilowatts, firmly maintaining the world's first place in terms of the number of nuclear reactors being implemented worldwide.

With the green light from the State Council, the provinces of Jiangsu, Shandong, Guangdong, Zhejiang and Guangxi will have to build new reactors within the next five years. The main player, CGN Power Co., the listed unit of the state-owned China General Nuclear Power Corp., said in a report in Hong Kong that it had received approvals for six reactors at three sites. The other part of the pie, amounting to two units, will go to State Power Investment Corp. Beijing is likely to approve about 10 new reactors a year for the next three to five years, said Citic Securities Co. which is financing the construction.

The new projects include a high-temperature gas-cooled reactor at the Xuwei plant in Jiangsu, which will be operated by CNNC. This is a fourth-generation reactor, providing both heat and electricity with more advanced safety features. CNNC also said it has received approval for two Hualong One reactors at the Xuwei plant, while all six CGN reactors will be like the Hualong reactors.

There is also another factor to take into account. The Go global of giants such as CGN, which has so far extended to some fifteen countries, has suffered a setback, but has freed up new space and new forces in China.

In the UK, China suspended funding for the Hinkley Point C nuclear power plant at the end of 2023, leaving French partner EDF to finance the completion of the $41 billion plant alone.

London had taken over CGN's share in a similar project in 2022. Chinese nuclear power, as is well known, has ended up in the web of tensions between China and the UK, with the Chinese preferring to devote themselves to nuclear power at home.


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