- China General Nuclear Power Corp. to focus on European markets
- Nuclear companies formed a JV to export co-developed reactor
China General Nuclear Power Corp. said it won’t compete with China National Nuclear Corp. for customers in the same overseas markets as the two companies aim to increase exports of their co-developed nuclear reactor.
China General Nuclear Power will target customers in Europe and avoid markets where CNNC is active, such as South America, according to Huang Xiaofei, spokesman for China General Nuclear Power. CNNC didn’t respond to requests for comment. While the companies have merged their nuclear technologies into the Hualong One reactor, the country’s main export model, they separately market the design overseas, Huang said.
The companies build similar, but not identical, versions of the Hualong One and will maintain much of their own supply chains, according to the World Nuclear Association. They also established a joint-venture in March to integrate the technology.
CGN and Electricite de France SA signed an accord in October to build three reactors in the U.K., including the Hinkley Point plant in southwest England and a Chinese-developed reactor at Bradwell. CGN has also signed a memorandum of understanding with the Kenyan government in September to possibly build a Hualong One reactor, while CNNC has its own projects in Argentina and Pakistan.
Separately, two Areva SA-designed nuclear reactors in Taishan are on track to start commercial operation in China in the first half of 2017, according to Huang. The cost overrun for the reactors, known as an EPR, was caused by labor costs and loan interest and were within a reasonable range, he said. The company also plans to deliver its first small modular reactor, which can be used offshore, by 2020, he said
The country plans to export about 30 nuclear units by 2030, CNNC chairman Sun Qin said in March, according to China Daily.