Monday, 25 July 2016
Last updated 2 days 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.