China National Nuclear Power's First-Half Output Jumps Despite Economic Slowdown
Yicai Global
/SOURCE : Yicai
China National Nuclear Power's First-Half Output Jumps Despite Economic Slowdown

(Yicai Global) July 15 -- China National Nuclear Power Co.'s [SHA:601985] output jumped more than 10 percent in the first half of the year despite concerns among other power companies about the amount of electricity they generate as China's economy adjusts to 'new normal' growth.

China National Nuclear Power produced a total 40.41 billion kilowatts in the six months through June. The company said increased output was mainly due to new generators at the Fuqing Nuclear Power Plant.

The country has the most nuclear power plants under construction, with more scheduled for the future. Plans are for a total generating capacity of 58,000 megawatts by 2020, and another 3,000 megawatts of nuclear power facilities will be under construction, meaning that five to six nuclear power generators will be built in China every year during the period of the 13th 'Five-year Plan' (2016 to 2020).

On average, six 10,000-megawatt generators will be put into operation every year until 2020, with a total investment of over CNY100 billion (USD15 billion).

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