nuclear-news

To make money, USA to sell nuclear technology to China nuclear weapons company

It’s our first real entry into supporting this nuclear market, which for us is huge,”…

The cooperation with Exelon appears to be a significant pivot for  CNNC, which in recent years unsuccessfully lobbied Beijing against embracing foreign nuclear technology standards.The company is also responsible for developing military nuclear capabilities for the People’s Liberation Army. China has embraced AP1000 reactor technology made by Toshiba Corp. unit Westinghouse….

Exelon to Provide Nuclear Advice to China, WSJ, 12 Nov 11, By BRIANSPEGELE, BEIJING—Exelon Corp. will provide consulting and training services to an arm of state-owned China National Nuclear Corp., ……. As part of the deal disclosed on Friday, instructors from Chicago-based Exelon will be stationed at Qinshan Nuclear Power Station in China’s eastern Zhejiang province. The initial consulting deal is a small one…..Exelon said it could subsequently grow to include a variety of services for China’s nascent nuclear industry.

“It’s our first real entry into supporting this nuclear market, which for us is huge,” said Thomas P. Mundy, president of Exelon Nuclear Partners, in an interview. “We’re dealing with one of the largest [state-owned enterprises] in the country … to have their interest and their desire for our support and now having a contract with them gets our foot in the door.”

Financial terms weren’t disclosed. The deal is between Exelon Nuclear Partners, an Exelon unit that provides support services in the nuclear industry, and CNNC subsidiary China Nuclear Power Operations Management Co……

Some experts expect Beijing to release its nuclear-safety review before the end of the year. Nonetheless, delays resulting from the review period will likely make it impossible for the government to meet its 2020 goal, according to experts, and China likely will have to rely more heavily on solar, thermal, hydro and other power sources during the next decade as a result.

The cooperation with Exelon appears to be a significant pivot for  CNNC, which in recent years unsuccessfully lobbied Beijing against embracing foreign nuclear technology standards. The company is also responsible for developing military nuclear capabilities for the People’s Liberation Army. China has embraced AP1000 reactor technology made by Toshiba Corp. unit Westinghouse….
http://online.wsj.com/article/SB10001424052970204358004577031241071779010.html

November 13, 2011 - Posted by Christina Macpherson | China, politics international, USA