NUCLEAR POWER
China General Nuclear Power expands overseas plant construction business
http://www.scmp.com/business/article/1914701/china-general-nuclear-power-expands-overseas-plant-construction-business
Plans for development of nuclear plants around the world, and uranium production to start this year
PUBLISHED : Sunday, 21 February, 2016, 1:52pm
UPDATED : Sunday, 21 February, 2016, 6:59pm
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A
guide explains the construction of Austria's nuclear power plant
Zwentendorf, photographed during a guided tour through the complex in
Zwentendorf an der Donau, some 50 kilometres west of Vienna, Austria, on
February 15. Photo: EPA
China
General Nuclear Power Corp (CGN), whose pipeline of reactors under
construction is the world’s largest, is eyeing opportunities to develop
nuclear plants in 13 nations in Southeast Asia, Eastern Europe and
Africa, as its seeks to bump its revenue from abroad to 15 per cent by
2020.
The Shenzhen-based firm, the largest of the nation’s three
state-owned nuclear power plant builders, is seeking to export reactors
it has learned to build over the past three decades through the import
of foreign technology, on which it has made innovations and claimed its
own intellectual property.
“We are still at a start-up stage in the overseas nuclear business,
we hope to ramp up its contribution,” Yang Maochun, CGN’s deputy general
manager of international nuclear power business development told the South China Morning Post. 
A
safety lock inside of Austria's nuclear power plant Zwentendorf,
photographed during a guided tour through the complex in Zwentendorf an
der Donau, some 50 kilometers (31 miles) west of Vienna, Austria, on
February 15. Photo: EPA
A
safety lock inside of Austria's nuclear power plant Zwentendorf,
photographed during a guided tour through the complex in Zwentendorf an
der Donau, some 50 kilometers (31 miles) west of Vienna, Austria, on
February 15. Photo: EPA
He said there are around two dozen nations that have plans to build
nuclear reactors in the coming decades and need overseas help to do so.
CGN has been forging business relationships with 13 of them.
“We aim to have a minimum of 15 per cent of our revenue coming from
overseas by 2020, to be derived from nuclear power plant investment and
engineering services, uranium mining and trading, besides non-nuclear
clean energy generation,” Yang said.
Having set up an overseas business development team in 2009, he said
the firm sourced some 10 per cent of its total sales from overseas in
2014, mainly from uranium trading and mining of the fuel in Central
Asia’s Kazakhstan, wind and solar energy projects in Singapore,
Australia, United States and Europe.
It expects to start uranium production in southwest Africa’s Namibia this year.
China
General Nuclear filed a non-binding bid to partner with Romania’s
Nuclearelectrica to build two reactors at its Cernavodă Nuclear Power
Plant. Photo: handout
He said CGN had drawn up a three-phase approach to internalisation of
its business, by becoming a sub-contractor for foreign reactor
developers’ overseas projects between 2009 and 2014, before gaining its
own capability to handle large portions of a project overseas..
Since China first issued its nuclear power development plan almost
half a century ago, it commissioned its first indigenously-designed and
built nuclear reactor south of Shanghai in 1991, and started generating
power at its first reactor using French technology northeast of Hong
Kong in 1994.
While expanding its reactor fleet with both domestic and French
technology, it has also imported Canadian and Russian reactors, before
moving to introduce so-called third-generation (3G) technologies
developed by American and French firms.
While touted as having simpler designs that reduce capital costs and
which are easier to build than older reactors, both technologies
suffered construction delays due to technical challenges.
Meanwhile, CGN has upgraded the French 3G technology, while rival
China National Nuclear Corp (CNNC) has upgraded the US technology. Both
came up with their own versions of 3G products late 2011.
To avoid direct competition overseas, regulator National Energy
Administration ordered the duo to merge their designs into one product
for export.
They have also set up an equal joint venture in December to market Hualong One overseas.
The
Hinckley Point nuclear plant - as it appears now (top), and how it will
look after construction is finished (below). Photo: SCMP
Last October, French reactor developer EDF signed a preliminarily
agreement for CGN, CNNC and other Chinese funds to invest a combined
33.5 per cent stake in the proposed £18 billion (HK$201.6 billion)
Hinkley Point nuclear plant in southwest England, using the French 3G
technology.
It was also agreed that the Chinese companies would be offered
opportunities to participate in the construction of two more nuclear
projects in southeast England, which may allow them to export their
Hualong One reactors in at least one of the projects.
Last September, CGN signed a memorandum of understanding with the
government of Kenya in east Africa on the construction of a Hualong One
project, as part of its effort to follow Beijing’s “One Belt, One Road”
overseas development strategy.
In late December CGN inked an agreement with Thai utility Ratch to
invest in the second phase development of CGN’s Hualong One nuclear
project in Guangxi Zhuang autonomous region, which CGN hopes would pave
way for a future Hualong One project in Thailand.
In late 2014, CGN won a bid to build a nuclear project in Romania using Canadian reactor technology.
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