CLP, Hong Kong's power utility, has suspended its plans to acquire a 17% stake in the Yangjiang nuclear project in Guangdong (China). Negotiations had started in July 2010 but the comprehensive nuclear safety review following the Fukushima accident led to significant delays in the takeover approval process and in the construction of the project itself. In early September 2013, China General Nuclear Power Corporation (CGNPC) advised CLP that due to continuing delays in regulatory approvals and their own review of their funding needs and capital raising options, CLP would not be able to take up its 17% equity share in Yangjiang for the time being. As a consequence, discussions on Yangjiang have been discontinued.
The Yiangjiang nuclear power project consists of six 1,000 MW units, of which four are already under construction; the last two units were expected to start construction in 2013 (either additional CPR-1000 units or later developments CPR-1000+ or ACPR-1000).
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