BEIJING: Companies signed 12.5 billion yuan ($1.74 billion) worth of investment agreements to aid the development of the nuclear energy industry in Guangdong province at a conference.
The agreements, which are expected to fuel growth in the region’s sector, include nine joint research and development deals, and seven that signal intention to invest.
Representatives from more than 160 nuclear energy companies and industrial chains from around the country attended the conference, which was organized by the Guangdong Provincial Development and Reform Commission and China General Nuclear Power Group.
Yang Changli, chairman of CGN, said that by relying on the construction of various nuclear power projects, the group has achieved the large-scale application of advanced construction technology and has accumulated more than 90 new technologies and products for operation and maintenance over the years, including 19 that have broken foreign monopolies, effectively supporting the high-quality development of Guangdong’s nuclear energy industry.
CGN is now the country’s largest nuclear power plant operator by installed capacity. The company has invested more than 380 billion yuan in constructing nuclear power and related projects in Guangdong over the past four decades.
According to a report in Nanfang Daily, based in the provincial capital Guangzhou, Guangdong is actively promoting the preliminary work for a number of new nuclear projects.
It is expected that by 2060, the installed capacity of nuclear power in Guangdong will exceed 60 million kilowatts, accounting for more than 12 percent of the province’s total installed power, the report said. –The Daily Mail-China Daily news exchange item
