CLPNIC to Invest $10.9bn in Yangjiang Nuclear Power Station

CLP Nuclear Investment Company will invest CNY70 billion or $10.9billion in the Yangjiang nuclear power station in Guangdong, China.

Under the agreement China Guangdong Nuclear Power Company, the company will hold a 17% stake in the station.

Construction of the power station began in 2008 and is expected to be completed in phases between 2013-17.

The company will adhere to the improvement measures put forward by the mainland government after a comprehensive nuclear safety review.