Nu­clear power com­pany reach­ing over­seas

China Daily (USA) - - CHINA - By ZHENG XIN in Shang­hai zhengxin@chi­nadaily.com.cn

Over­all de­mand for im­port pur­chases and over­seas lo­cal­ized pro­cure­ment by China Na­tional Nu­clear Corp is ex­pected to top $12 bil­lion in the next five years, the com­pany said dur­ing a news con­fer­ence on Wed­nes­day dur­ing the on­go­ing China In­ter­na­tional Im­port Expo in Shang­hai.

Ma­jor ar­eas for seek­ing con­tracts in­clude nu­clear power and fuel — in­clud­ing bulk raw ma­te­ri­als, ma­chin­ery and en­gi­neer­ing — it said at a news con­fer­ence about the re­quire­ments for do­ing busi­ness in­ter­na­tion­ally.

The State-owned com­pany will ac­tively pro­mote over­seas projects us­ing Hua­long One tech­nol­ogy, a do­mes­ti­cally de­vel­oped third-gen­er­a­tion re­ac­tor de­sign, said Yu Jian­feng, its chair­man.

CNNC will as­sist in the con­struc­tion of in­dus­trial in­fra­struc­ture in coun­tries and re­gions par­tic­i­pat­ing in the Belt and Road Ini­tia­tive, while com­ing up with more lo­cal jobs to im­prove the lives of res­i­dents, he said.

The to­tal amount of over­seas lo­cal­ized pro­cure­ment by the com­pany is ex­pected to ex­ceed $3.6 bil­lion in the next five years, most of which will go to coun­tries and re­gions in South Asia, the Mid­dle East and South Amer­ica.

The first Hua­long One re­ac­tor was erected by CNNC as part of Unit 2 of the nu­clear power plant in Karachi, Paki- stan. Con­struc­tion of the re­ac­tor started in Au­gust 2015. Unit 3 started in 2016.

The to­tal in­stalled ca­pac­ity of CNNC’s nu­clear projects in Pak­istan has so far reached 4.63 mil­lion kilo­watts. More than 1.3 mil­lion kW are be­ing gen­er­ated cur­rently.

The projects have al­le­vi­ated lo­cal power short­ages and boosted the coun­try’s eco­nomic devel­op­ment, the com­pany said.

It has been step­ping up co­op­er­a­tion over­seas in re­cent years, with lo­cal part­ners in coun­tries such as Pak­istan, Ar­gentina, Saudi Ara­bia and Ghana.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.