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3G tech to help China build nulcear reactors
www.chinanews.cn 2007-07-25 09:52:47
(Source: China Daily)
July 25 - China on Tuesday finalized a contract with a consortium, led by
the US-based Westinghouse Electric Co, to build four nuclear power
reactors in the eastern part of the country.
Neither party revealed the amount involved in the contract but earlier
media reports had estimated it to be $8 billion.
China will use Westinghouse's AP1000 technology to build the four
reactors, two of which will be in Sanmen, Zhejiang Province, and the
others in Haiyang, Shandong Province.
The cooperation between China and the US will be "crucial" in the
development of the country's third generation nuclear power technology,
Vice-Premier Zeng Peiyan said.
"The contract will result in the first-ever use of advanced US nuclear
power technology in China," Westinghouse President and Chief Executive
Stephen Tritch said.
Based on standard Westinghouse pressurized water reactor technology,
AP1000 is "the safest, most advanced nuclear power technology in the
world". It has been chosen for at least 12 reactors in the US to be built
in the next 10 to 12 years.
The deal is expected to generate at least 5,000 jobs for Westinghouse and
its consortium partners, the company said.
Work on the first reactor is expected to begin in 2009, and it will
become operational in late 2013. The other three are expected to come on
line between 2014 and 2015.
Japan's Toshiba took majority control of Westinghouse last October. Two
months later China signed an MOU with the company for the four reactors
after it outbid competitors Areva of France and Atomstroiexport of Russia
following a two-year negotiation process.
Nuclear power is the most important electricity generating method after
thermal power and hydropower in China, and the country has become the
third-largest nuclear power producer in Asia. Only Japan and South Korea
generate more nuclear power.
All nuclear reactors in operation or being constructed in China have
employ the first- or second-generation technology from France, Canada or
Russia.
This year the country formed the State Nuclear Power Technology Corp
(SNPTC), which is mainly in charge of developing third-generation nuclear
power technologies. The registered capital of SNPTC is 4 billion yuan
($528.89 million).
The central government will fund 60 percent of the company, and the rest
will come from four large State-owned enterprises, including the
country's two nuclear conglomerates CNNC and China Guangdong Nuclear
Power Holding Co.
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