China’s first private-invested nuclear power project connected to grid

China’s first nuclear power project involving minority private capital investment connected its No. 1 unit to the power grid on Thursday in Zhejiang Province.

The Zhejiang San’ao Nuclear Power Project, developed by China General Nuclear, is the country’s first nuclear plant to include private investment. An investment arm of Geely Technology Group holds a 2% stake in the first phase, while private investment in the second phase is expected to reach 10%.

Located in Cangnan County in the city of Wenzhou, the station will eventually operate six Hualong One third-generation reactors. Once completed, the plant is expected to generate more than 54 billion kilowatt-hours annually, enough to meet the electricity needs of over 5 million people while significantly reducing coal consumption and carbon emissions.

Credit – CGTN