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Taiwan to suspend operation of new nuclear plant: Media

Published on Apr 25, 2014 10:30 AM

TAIPEI (REUTERS) - Taiwan's government has agreed to put on hold the planned 2016 commercial start-up of the country's fourth nuclear power plant, giving in to pressure from the opposition, local media reported on Friday.

President Ma ying-jeou's administration and his ruling party reached a decision late last night that the nearly completed nuclear plant will not be allowed to start commerical operations once construction is finished, the Economic Daily and the Commerical Times said.

The decision could spill over to financial markets on concerns that electricity prices may spike, hurting the economy, the reports said.

The move comes ahead of a planned meeting between Ma and the opposition party leader at 0200 GMT, the reports said.

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