nuclear-news

Despite local government opposition, China funding new nuclear plant in Wangjiang

The Pengze project made headlines in February, when the Wangjiang County government openly opposed its construction on grounds that the site selection was based on unreliable population and seismic activity data.

The County government also alleges that the firm used gifts to entice villagers into agreeing to the plans.

Controversial China nuclear plant funding resumes, Market Watch, Jiangxi nuclear plant gets funding in sign building freeze is ending By Lu Bingyang and Wang Yong BEIJING ( Caixin Online )7 June 12, — One of China’s pioneering inland nuclear power projects has received another capital injection after the government put nuclear development on hold due to last year’s disaster in Japan.

CPI Jiangxi Nuclear Power Co. Ltd. would receive another 400 million yuan ($63.3 million) USDCNY +0.0408%   from its parent companies, an announcement on June 5 said. The firm was established in October 2009 to develop the Pengze nuclear plant, which is named for a county in Jiangxi Province across the Yangtze River from Anhui Province’s Wangjiang County.

The project is among the first batch of inland nuclear plants approved by the National Development and Reform Commission in 2008.

It is also one of the many nuclear power projects suspended after the central government decided to check domestic nuclear power expansion over safety concerns because of the meltdown at Japan’s Fukushima plant.

The Pengze project made headlines in February, when the Wangjiang County government openly opposed its construction on grounds that the site selection was based on unreliable population and seismic activity data.

The County government also alleges that the firm used gifts to entice villagers into agreeing to the plans… http://www.marketwatch.com/story/controversial-china-nuclear-plant-funding-resumes-2012-06-06

June 8, 2012 - Posted by Christina Macpherson | China, politics