China-based electricity company CLP Holdings has taken a 17% stake in the Yangjiang Nuclear Power Station Project in Guangdong, China. The total value of the project is about RMB70bn ($10.9bn).
The power station is about 220 kilometres from Hong Kong and will produce 6000MW, according to CLP. The station was begun in 2008 and will be commissioned in phases from 2013 to 2017, supplying power to the Guangdong province.