CLP Holdings to invest in nuclear power in Shenzhen

Hong Kong-based power utility CLP Holdings is planning to invest in two planned nuclear reactors at Daya Bay nuclear station in Shenzhen, the South China Morning Post reported. CLP took a 25% stake in the first two reactors at the station in 1978. Its partner, China Guangdong Nuclear Power Holding, owns the remaining shares. The proposal follows an accord reached between Hong Kong and mainland authorities in August regarding natural gas imports from the mainland into Hong Kong. CLP’s recent proposal to invest in a gas-receiving termal project was rejected.