Tuesday, 28 July 2015
Last updated 23 min ago
Feb 4 2009 | 8:46am ET
Chinese state media announced Wednesday the country would invest 580 billion yuan ($85 billion) to expand its energy industry in 2009, including investment in nuclear and wind-powered capacity.
State-owned power companies are increasing their investments to meet growing demand and boost economic growth. In addition to increased investment in coal-fired generation, plans call for spending on wind, nuclear and solar power, according to Chinese state television.
China will build eight more nuclear plants with a total of 16 reactors over the next three years, according to the China Daily newspaper.
The country has 11 nuclear reactors supplying about 1% of its power, and Beijing wants to raise that share to 5%, said the newspaper.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…