CGN Power’s Cangnan Unit 1 Cleared for Commercial Operation, Boosting Nuclear Capacity

CGN Power Co ( (HK:1816) ) has shared an announcement.

CGN Power has announced that Unit 1 of CGN Cangnan Nuclear Power Co., Ltd. has completed all commissioning work and is now qualified for commercial operation, pending final regulatory procedures and permits. Once fully in commercial service, the unit will lift the number of nuclear power generating units managed by the company, including associates, to 30 and increase its installed operational nuclear capacity from 33,040 MW to 34,248 MW.

The move further strengthens CGN Power’s position as a major nuclear power operator in China by expanding its low-carbon generation portfolio. The company has also proposed to acquire equity interests in Cangnan Nuclear, signaling a deeper strategic commitment to the asset and potentially enhancing its long-term control over additional nuclear capacity and related cash flows.

The most recent analyst rating on (HK:1816) stock is a Sell with a HK$3.20 price target. To see the full list of analyst forecasts on CGN Power Co stock, see the HK:1816 Stock Forecast page.

More about CGN Power Co

CGN Power Co., Ltd. is a Chinese nuclear power company that develops, operates, and manages nuclear power generating units. Listed in Hong Kong, it focuses on expanding its nuclear generation capacity across the People’s Republic of China through wholly owned projects and associates.

Average Trading Volume: 78,955,232

Technical Sentiment Signal: Buy

Current Market Cap: HK$247.6B

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