Tag Archives: China National Nuclear Power Corp (CNNC)

Who is Relishing Nuclear Power

Daya Bay nuclear power plant in Longgang District, Shenzhen, China

On February 23, 2016, China General Nuclear Power Group, hosted dozens of business executives from Kenya, Russia, Indonesia and elsewhere, as well as diplomats and journalists, at its Daya Bay nuclear-power station to promote the Hualong One for export.  Asked how much of the global market share for new nuclear reactors CGN wants Hualong One to win, Zheng Dongshan, CGN’s deputy general manager in charge of international business, said: “The more the better.”

The move marks a turnaround for China and the nuclear-power industry. For three decades, China served as a big market for nuclear giants including U.S.-based, Japanese-owned Westinghouse Electric Co. and France’s Areva SA. More than 30 reactors have been built across China since the 1990s with reliance on foreign design and technology.

China’s push into nuclear power comes as many nations have been re-examining the risks of nuclear energy and its costs compared with natural gas and other fuels. Two dozen reactors are under construction across China today, representing more than one-third of all reactors being built globally, according to the International Atomic Energy Agency.

The scale and pace of building has given CGN and other Chinese companies opportunities to bulk up on experience in the home market and gain skills in developing reactor parts, technologies and systems. That experience, combined with China’s lower costs of labor and capital, makes the new Chinese reactor potentially attractive to international customers, industry experts said…

[T]he first of Hualong One model reactor won’t enter service in China for several more years.  But the Hualong One reactor marks a big leap by China’s national nuclear champions to move up the export value chain. Jointly designed by CGN and China National Nuclear Corp., the reactor, also known as the HPR1000, has similar specifications to other so-called Generation 3 reactors such as Westinghouse’s AP1000, like advanced so-called passive safety systems.

China Inc’s Nuclear Power Push, Wall Street Journal, Feb. 24, 2016

How China Plans to Export Nuclear Reactors

Qinshan Nuclear Power Plant, located in Zhejiang China. image from wikipedia

China Power Investment Corporation and State Nuclear Power Technology Corp have officially announced their merger, as Beijing moves to consolidate its nuclear power sector, aiming eventually to export reactors.  China Power producer currently controls about a tenth of China’s nuclear power market, while the State Nuclear was formed in 2007 to handle nuclear technology transferred from U.S.-based Westinghouse Electric Co.

The new company, State Power Investment Corporation, is expected to own assets over 700 billion yuan ($112.94 billion) and to post revenue of over 200 billion yuan annually, state news agency Xinhua said, citing Wang Binghua, the chairman and party secretary of State Power Investment Corporation.

China National Nuclear Power Corp (CNNC) said …that the merger to form State Power Investment Corporation will increase competition between China’s three major nuclear corporations in both domestic and international construction of nuclear infrastructure. The other major player in this sector is China General Nuclear Power Group (CGN).China is contemplating a merger between CNNC and CGN which were set up as rivals to compete for projects at home and overseas but, under government prompting, have cooperated on a single reactor brand, Hualong 1, with the intention of eventually marketing it abroad.

Beijing said in January it would aid the overseas expansion of Chinese firms, in particular in the rail and nuclear power sectors, raising hackles with some trading partners who fear it signals another wave of subsidized Chinese exports.

China nuclear power firms merge to fuel global clout, Reuters, May 30, 2015