China National Nuclear Power Co. Ltd., the country's leading nuclear energy developer, is planning an A-share initial public offering (IPO) to fund the development of its nuclear power projects.

The company, formed in December 2011 in an effort to restructure its parent company, the state-owned China National Nuclear Corp., has passed environmental inspections of the Ministry of Environmental Protection, although nuclear power is not included among the industries that must pass environmental inspections before submitting IPO applications.

The money raised from the IPO will be used to fund five nuclear power projects worth 173.52 billion yuan ($27.45 billion).