Russia Joins China's Race for Next-Generation Nuclear Reactors
- Deal signed in Beijing to build four Rosatom-designed reactors
- Nations set to build two VVER-1200s at Xudabao, two at Tianwan
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China has agreed to pursue building next-generation nuclear reactors designed by Russia’s Rosatom Corp., the latest player seeking a boost for its new technology from China’s embrace of atomic power.
A plan to build four Russian units was among four deals signed Friday during a ceremony in Beijing attended by presidents Xi Jinping and Vladimir Putin. The agreements are worth more than 20 billion yuan ($3.1 billion) and total construction costs could exceed 100 billion yuan, according to China National Nuclear Corp., adding it’s the biggest nuclear pact ever between the two countries. China will finance the reactor construction, Rosatom Chief Executive Officer Alexey Likhachev said after the ceremony.