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Posts Tagged ‘CNNC’


Thursday, September 23rd, 2010

If there is any doubt that China intends to lead the world in developing nuclear power, it was effectively erased yesterday when the China National Nuclear Corporation (CNNC) announced a comprehensive 0 billion plan for nuclear energy expansion over the next two decades.

In addition to government funding, CNNC adds a capitalistic twist by saying it will tap world investment markets. “We plan to rope in strategic investors by the end of this year,” Chen Hua, president of CNNC Nuclear Power Co Ltd., told China Daily. “Our company will get ready for listing in the first half of next year.” 

Chen did not specify where the stock would be offered.  China just finished installing the third steel ring of the containment structure on the world’s first Westinghouse AP1000 at Sanmen. The project is on time and on budget, scheduled to be finished in 2013 at an estimated cost of $5 billion. At this rate, China could build as many as 24 new reactors with its $120 billion plan, providing about one-quarter of its electrical needs.

China is also aggressively entering the world nuclear supplier market, as indicated by its announcement this week of an agreement to build two reactors in Pakistan. The announcement had a Cold War tinge to it, since the U.S. has already signed agreements with India to help develop its nuclear program. The move has been criticized in some quarters because India has refused to sign the Non-Proliferation Treaty.

"In any case," said one nuclear industry observer. "the unavoidable conclusion is that the rapid adoption of nuclear power will probably be the world’s most significant technological development over the next decade — and China is the odds on favorite to catapult into the lead."

Read more at The China Post


Tuesday, August 17th, 2010

If there was any doubt that China intends to sprint into the lead in world nuclear development, it was erased yesterday with the announcement of plans for a “nuclear city” to centralize the country’s efforts.

Haiyan, a coastal city 70 miles southwest of Shanghai, has been selected for the 50-square-mile industrial city, which will consolidate the country’s industrial and scientific institutions. Haiyan already hosts the headquarters for 18 leading Chinese nuclear equipment suppliers plus the branch offices of all the country’s major nuclear design institutes and construction companies.

The Zhejiang province, in which Haiyan is located, has five operating reactors with four more under construction and will be generating 6300 MW of nuclear electricity by 2014. The Nuclear City will be coordinated Chinese National Nuclear Corporation (CNNC) in cooperation with the Zhejiang provincial government. The national government will reportedly spend $175 billion on the project.

The city will have four main areas: an industrial complex for the manufacture of nuclear equipment, an educational center for training nuclear engineers and construction workers, a science center for the study of radiation safety and the medical and agricultural uses of radiation technology, and a marketing division for promotion of nuclear power.

Last week 30 members from the French-China Electricity Partnership visited Haiyan looking for investment opportunities for French companies.In 2006, a delegation of Chinese nuclear scientists and government officials visited the U.S. seeking advice on how to buoy their nuclear energy effort. They won’t likely be hurrying back. Four years later, the world is coming to them.

Read more at World Nuclear News