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China really part of te global nuclear marketing conglomerate

global nuclear conglomerate

China plans to make nuclear energy tech a major export, Electric Light and Power 08/25/2016 By Joe McDonald  Associated Press   The Hualong One, developed by two state-owned companies, is one multibillion-dollar facet of the Communist Party’s aspirations to transform China into a creator of profitable technology from mobile phones to genetics.

Still, experts say Beijing underestimates how tough it will be for its novice nuclear exporters to sell abroad. They face political hurdles, safety concerns and uncertain global demand following Japan’s Fukushima disaster.

China’s government-run nuclear industry is based on foreign technology but has spent two decades developing its own with help from Westinghouse Electric Co., France’s Areva and EDF and other partners. A separate export initiative is based on an alliance between Westinghouse and a state-owned reactor developer……..

China’s status as an important market for global suppliers gives Beijing leverage in acquiring technology. Westinghouse, which was acquired by Japan’s Toshiba Corp. in 2006, Areva and France’s EDF have had partnerships with Chinese researchers since the early 1990s.

“I see them as customers, competitors and partners,” said Jeff Benjamin, Westinghouse’s senior vice president for new plants and major projects. Other global suppliers include GE Hitachi Nuclear Energy, South Korea’s KEPCO, Canada’s Candu Energy Inc. and Russia’s Atomstroyexport.

Westinghouse transferred technology for its latest reactor, the AP1000, to China’s State Nuclear Power Technology Corp. in 2007 as part of a transaction that included the sale of four reactors.

The AP1000 became the basis for future Chinese reactor development and Westinghouse agreed to sell reactors with SNPTC. The Chinese partner, which merged with another state company to form the State Power Investment Corp. last year, also developed its own, bigger version, the CAP1400.

The two companies are in talks with Turkey about selling four reactors based on the AP1000. The AP1000 has been approved by U.S. and British regulators, Benjamin said, while the CAP1400 is just beginning the review process. “We look forward to participating in the China market for many years to come,” he said. Abroad, “there will be markets either SPIC on their own or Westinghouse on our own might not have access to, but together we can gain access.” http://www.elp.com/articles/2016/08/china-plans-to-make-nuclear-energy-tech-a-major-export.html

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August 27, 2016 - Posted by | 2 WORLD, China, marketing

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