(Yicai Global) Oct. 11 -- China's Zhangzhou Nuclear Power plant got the nod to break ground from the government yesterday, indicating construction work shall start soon.
 

The  company obtained the building license from the country's National  Nuclear Safety Administration yesterday, according to a statement issued by the operator China National Nuclear.
 

The project in Zhangzhou in southeastern Fujian province will use China's domestically developed third-generation nuclear energy technology known as Hualong One. The first phase, which will cost CNY40 billion (USD5.6 billion), will construct two 1,000-megawatt nuclear reactors.

 Jointly developed by China National Nuclear and China General Nuclear Power, the Hualong One technology was first used in the Fuqing Nuclear Power Plant Unit 5, which began construction in 2015. It has subsequently been applied in the building of two plants in Fangchenggang in southern Guangxi province and two in Karachi, Pakistan. The Fuqing Unit 5 is expected to be the first of these to complete and will likely start generating electricity next year.

 China is the world's third-biggest nuclear power producer by capacity. It had 45 nuclear power generating units generating 45.9 million kilowatts and another 11 units under construction by the end of last year.

Editor: Ben Armour