Zhejiang Zheneng Electric Power to Invest in Nuclear Power Plant JV with CGN Power
MT Newswires Live
Sep 24
Zhejiang Zheneng Electric Power (SHA:600023) will invest 3.5 million yuan in phase 3 of a joint venture helmed by CGN Power (SHE:003816, HKG:1816) that will construct a nuclear power plant, according to a Thursday after-hours filing with the Shanghai bourse.
CGN Cangnan No. 3 Nuclear Power will construct units 5 and 6 of the San'ao Nuclear Power Plant in Zhejiang Province, China.
Zheneng's investment is equivalent to 7% of the 900-million-yuan JV. Other shareholders include CGN Power, owning 51% of the JV, and Hangzhou First Applied Material (SHA:603806) with 4%.
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