25 Jul (NucNet): Hong Kong’s CLP Holdings has reached an agreement to invest 745 million US dollars (USD) (514 million euro) in the six-unit Yangjiang nuclear power plant project in Guangdong, southern China.
CLP said its subsidiary, CLP Nuclear Investment Company Ltd, had reached the agreement with the China Guangdong Nuclear Power Company (CGNPC).
Under the agreement, CLP will own 17 percent of the Yangjiang project.
Construction began at Yangjiang, about 200 kilometres from Hong Kong, in 2008. The six 1,000-megawatt pressurised water reactor units are scheduled to be commissioned in phases from 2013 to 2017, CLP said.
The total cost of the Yangjiang project is about 10.8 billion US dollars, CLP said.
CLP and CGNPC have already jointly developed and operated the Guangdong nuclear plant, also known as Daya Bay, which has two 944-megawatt pressurised water reactors.
In October 2010 Hong Kong said it intended to include 50 percent imported nuclear energy from China in its energy mix by 2020.
>>Related reports in the NucNet database (available to subscribers)
China Confirms Plans For USD 175 Billion Nuclear Park (News in Brief No. 153, 31 August 2010)
Hong Kong Plans To Import More Nuclear From Mainland China (News in Brief No. 163, 15 September 2010)
Hong Kong Chief Executive Confirms Nuclear Energy Policy (World Nuclear Review No. 41, 15 October 2010)
