CGN Power Secures Approval for Construction of Two Reactors

MT Newswires Live08-03

CGN Power (SHE:003816, HKG:1816) said China's State Council approved the construction of the company's Huizhou Units 5 and 6 reactors.

Construction preparations are underway, with full-scale building set to begin once the National Nuclear Safety Administration issues the required construction permits, according to a weekend filing with the Shenzhen bourse.

Shares of the nuclear power producer rose 3% in recent trade on the Hong Kong bourse and 1% in Shenzhen.

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