Beijing, Dec. 8: China has announced plans to construct its first inland nuclear plant in the central province of Hubei.
The cost of the first two phases of the project, with an installed capacity of 4 million kilowatt is estimated at 50 billion Yuan (7.3 billion dollars). The third phase could cost 45 billion Yuan, the official news agency Xinhua reports.
The construction of the plant is expected to start after an environmental assessment report is approved.
The China Guangdong Nuclear Power Group (CGNPG) and the Hubei provincial government agreed in March to jointly build the plant. CGNPG and Hubei Energy Group established a joint venture, known as Hubei Nuclear Power Ltd. Co., in June to develop nuclear power in the province.