On 31 January 2008, the signing ceremony for TG procurement contract of CPI’s Shandong Haiyang Nuclear Power Project (Phase I) was held in Diaoyutai State Guest House.

The signing of this contract marks another important milestone following the approval of ATP, and is of great significance to progress of this project.

Shandong Haiyang Nuclear Power Project was approved by the State and listed in the National Eleventh Five-Year Plan. It has planned a total installed capacity of 6×1000MW nuclear power units with room for further expansion. Two 1000MW AP1000 nuclear units will be installed in Phase I. The first unit is planned to begin excavation in the first half of 2008, pour the first concrete in September 2009 and start commercial operation in 2014.