nuclear-news

China’s role in the nuclear marketing frenzy

Chinese nuclear firms urged to boost presence overseas South China Morning Post 16 Jan 15  China will push its big nuclear firms to improve their competitiveness and boost their presence overseas as it bids to become one of the world’s dominant nuclear energy powers, Premier Li Keqiang said.

“To continue the struggle to become a strong nuclear energy power, China must comprehensively raise the industry’s competitive advantages, promote nuclear power equipment overseas…..

the country’s two biggest state nuclear companies, China National Nuclear Corp (CNNC) and China General Nuclear Corp (CGN), have agreed to invest in Britain’s Hinkley Point nuclear project.

Wang Zhongtang, the chief engineer at State Nuclear Power Technology Corp, said China was also well on its way to securing projects in Turkey and South Africa.

China has been making steady progress on its own third-generation reactors, including the Hualong I, jointly developed by CNNC and CGN for the purpose of winning overseas projects.

Zheng Hua, a deputy chief engineer with CGN’s reactor design unit, said last month that China hoped to develop Hualong I reactors in Britain, building on the agreement to invest in Hinkley Point.

China was also considering a plan to merge CNNC and CGN in order to pool their resources and improve their competitiveness overseas, sources said late last year. http://www.scmp.com/business/economy/article/1680957/chinese-nuclear-firms-urged-boost-presence-overseas

January 17, 2015 - Posted by Christina Macpherson | China, marketing