Henan leads China’s nuclear construction boom

Four nuclear power plants are in the works in the Henan cities of Nanyang, Xinyang, Luoyang and Pingdingshan. This was revealed by Zhang Dawei, vice governor of Henan Province, according to the Global Times.

Hainan also reportedly started to move forward Sunday on its nuclear reactor - part of its Changjiang nuclear power project.

Other provinces with nuclear power plans include Jiangsu, Zhejiang, Shandong, Hunan and Hubei.

Huge expansion in the sector has triggered IPO interest from China National Nuclear Corp, the State Nuclear Power Technology Corp and the China Guangdong Nuclear Power Holding Corp.

"China is the country with most nuclear power plants under construction," Zhao Xiaoma, a senior consultant with Frost & Sullivan China, told the Global Times Wednesday.

By the end of September, China had an installed nuclear power capacity of 9,190 megawatts, with 27,730 megawatts under construction.

China is betting on the nuclear power industry as the government seeks to readjust the country's energy mix for sustainable development.