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Economy

CLP Holdings to buy 17% stake in China nuclear plant

Hong Kong power provider looks for further expand beyond the territory

Yangjiang Nuclear Power Station, in which CLP has invested, has six pressurized water reactors (Courtesy of CGN Power)

HONG KONG -- Major local power company CLP Holdings on Wednesday announced a 7 billion yuan ($1.01 billion) plan to buy a 17% stake in a nuclear power plant in Yangjiang, Guangdong Province, operated by China's state-owned CGN Power.

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