China Approves Construction of Two Additional Nuclear Reactors

China is once again giving the green light to the building of nuclear power plants. China has given approval to its first new project in two years. The Cabinet's planning agency approved construction of two additional reactors at a power plant in the northeastern province of Liaoning, a unit of state-owned China General Nuclear Power. Nuclear power plays a key role in government plans to curb surging demand for imported oil and gas. Foreign suppliers of nuclear power equipment are looking to China as a major future market, though Beijing wants to produce as much of its own technology as possible. The two newly approved reactors will be at the Hongyanhe Nuclear Power Plant, which has four operating reactors, according to A statement by CGN Power. It says the project still requires approval by nuclear regulators and gave no timetable for construction.