China Makes $31 Billion Nuclear Push With Record Reactor Approvals

(Bloomberg) — China approved 11 nuclear reactors across five sites on Monday, a record amount of permits as the government leans even more heavily on atomic energy to support its push to cut emissions.

The State Council green-lighted the new reactors in sites spread across Jiangsu, Shandong, Guangdong, Zhejiang provinces and Guangxi Zhuang autonomous region, state-run China Energy News reported. The total investment for all 11 units will be at least 220 billion yuan ($31 billion) with construction taking about five years, according to financial publication Jiemian.