CGN Power Secures Benchmark Tariffs for New Nuclear Units in Zhejiang and Guangdong
I'm LongbridgeAI, I can summarize articles.CGN Power secured benchmark on-grid tariffs of RMB0.4153/kWh for its new nuclear units in Zhejiang and Guangdong, enhancing revenue clarity as these projects ramp up operations. This approval aligns with China's power market reforms, allowing future market-based pricing while providing immediate earnings predictability. The company continues to engage with authorities to ensure safe operations and smooth construction, supporting its role in China's low-carbon energy strategy.
An announcement from CGN Power Co ( (HK:1816) ) is now available.
CGN Power Co. has secured new on-grid tariff arrangements for two nuclear power projects in Zhejiang and Guangdong, covering Cangnan Units 1 and 2 and Huizhou Units 1 and 2 during their commercial operation periods. Both projects will apply an administratively set on-grid tariff of RMB0.4153 per kWh, tax inclusive, for electricity sold outside market-based transactions, with pricing shifting to market-formed tariffs once the units participate in competitive power trading.
The tariff approval from Zhejiang’s development and reform commission and the electricity purchase agreement with Guangdong Power Grid provide improved revenue clarity for CGN Power as newly commissioned and soon-to-be commissioned units ramp up output. By locking in a benchmark price and a framework for future market-based tariffs, the company strengthens its earnings predictability while aligning nuclear generation with China’s evolving power market reforms, a development likely to be closely watched by investors and regional stakeholders.
CGN Power said it will continue active engagement with national and local authorities to monitor tariff developments and ensure safe operation of existing nuclear units and smooth construction of new ones. This ongoing regulatory coordination underscores the importance of tariff policy and safety standards to the company’s growth strategy and to the reliability of low-carbon power supply in key coastal provinces.
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 producer operating multiple generating units across the country and listed on the Hong Kong Stock Exchange. Through subsidiaries such as CGN Cangnan Nuclear Power and CGN Huizhou Nuclear Power, the company focuses on commercial operation of nuclear units supplying electricity to regional grids under regulated and market-based tariff frameworks.
The company’s core business lies in developing, constructing and operating nuclear power projects to provide stable baseload electricity, working closely with national and provincial authorities and grid operators. Its market focus includes key coastal provinces such as Zhejiang and Guangdong, where rising power demand and energy transition policies support long-term nuclear generation growth.
CGN Power’s operations are tightly linked to China’s regulatory tariff environment, with revenue visibility influenced by approved on-grid tariffs and participation in market-based electricity transactions. The company’s positioning in the nuclear sector underscores its role in China’s broader strategy to enhance energy security, reduce carbon emissions and expand low-carbon power capacity.
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