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Home prices rise in cities, except Shanghai
"China factor" fades as oil price tumbles
PetroChina incurs 1 bln loss through closure of oil
Private business people gain more political influence in China
CNOOC signs LNG spot trading pacts with 3 foreign suppliers
Environmental NGO compiles blacklist of polluting multinationals in China
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Chinese regulator denies report of Citigroup buying Chinese bank
Chinese company registers 900,000th trade mark
No plans to imitate Airbus by opening "symbolic" China factory
Shanghai to receive LNG from Malaysia beginning 2009
Market survey: China's car market in fast lane
Taiwan's leading economic indicators rise 0.4% in September
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China's auto industry leaps 60 pct in profits
Housing prices up 6.3 pct in 70 Chinese cities in September
China, ASEAN ink contracts worth 600 mln USD
Yuan hits new high against weak U.S. dollar
Official warns of challenges faced by food industry
Monopoly businesses have an easier run in China
 
China plans new nuclear power plant on east coast
BEIJING, Nov 2 (AP) -- China will build a nuclear power plant on its northeast coast in Shandong province, adding to a boom in the country's nuclear industry, a news report said Thursday.


The facility is to be built in Rushan, a city near the eastern tip of the Shandong peninsula in the Yellow Sea, some time before 2015, the government's Xinhua News Agency said. It didn't give a price.


China plans to build dozens of nuclear power plants in coming years to ease mounting power shortages amid booming economic growth. Beijing looks on nuclear power as a clean alternative to imported oil and China's own abundant but dirty coal reserves.


The Rushan plant will use six 1,000-megawatt reactors, Xinhua said.


The facility is being built by China Nuclear Engineering and Construction Corp., which will own 51 percent of it, along with three other Chinese investors, Xinhua said.


China has six nuclear power plants with 11 generating units, all located along its economically thriving east and southeast coasts.


Rushan is the third planned new facility announced this year. The others are both in the central province of Hunan, in the cities of Yueyang and Taohuajiang.

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