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BUSINESS & TECH

China, Russia Fuse Massive Nuclear Deal

The Tianwan Nuclear Power Plant is seen in May 2017. Photo: IC
The Tianwan Nuclear Power Plant is seen in May 2017. Photo: IC

China and Russia have finalized what could be the biggest nuclear-energy deal ever between the two countries.

China National Nuclear Power Co. Ltd. announced an agreement with Rosatom, in which the Russian’s state-owned firm will build four nuclear reactors in China at a reported cost of $3.62 billion (statement in Chinese).

The project, in which Russia will also assist China in its advanced CFR-699 reactor project and supply thermoelectric components for Beijing’s space program, could exceed $15.38 billion, according to a Rosatom news release.

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