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China to resume construction of nuclear plants

China will soon resume the approval and construction of nuclear power plants, a senior official said during the plenary session of the Chinese People’s Political Consultative Conference National Committee on Wednesday, state media reported. About 10 approved nuclear plants were halted last year after Japan’s Fukushima nuclear accident, but they will soon be granted permission to begin construction, said Wang Yuqing, former director of the National Nuclear Safety Administration. “The halt will soon be lifted, as a comprehensive plan on nuclear safety control has been submitted to the State Council,” said Wang. An unidentified senior official from Dongfang Electric (600875.SH, 1072.HKG), one of the nation’s top three nuclear equipment makers, commented, “We hope the government can end the suspension soon because the industry cannot afford such radical changes.” The company did not sign any orders in 2011 due to the sudden suspension, he added.

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