1. LINE

      Text:AAAPrint
      Economy

      China to build nuclear reactor in UK

      1
      2015-09-15 11:27China Daily Editor: Wang Fan
      The construction site of a nuclear power project of China National Nuclear Corp in Fuqing county, Fujian province. The company and China General Nuclear Power Group will support Hinkley Point C project in the United Kingdom. (Photo/Xinhua)

      The construction site of a nuclear power project of China National Nuclear Corp in Fuqing county, Fujian province. The company and China General Nuclear Power Group will support Hinkley Point C project in the United Kingdom. (Photo/Xinhua)

      Building a nuclear project in Britain with Chinese investment and technology is win-win for the two countries.

      British Prime Minister David Cameron is set to sign a landmark deal next month to allow China to build a nuclear reactor in Essex in the southeast of England, local media reported. The plant would be the first Chinese-designed and operated facility in a Western developed countries.

      As the British government aims to replace its aging fossil-fuel plants with low-carbon alternatives, the Chinese involvement is key to its nuclear plans.

      The Chinese design is expected to be capable of producing 1 gigawatt of electricity-enough to satisfy the needs of 1 million British households.

      It is very clear that nuclear projects require large up-front capital investment and take a long time to actually begin earning revenue from generating electricity, so a pure financial investor in a nuclear project may feel more uncertainty about future returns earned only through operational profit.

      If an investor participates in a nuclear power plant's development, as well as the construction, operation, fuel cycle and decommissioning phases, then there is a chance to earn returns from the provision of a range of services as the project progresses.

      In recent years, Chinese nuclear companies have been in discussion with various companies, research centers and organizations in the UK to invest and also localize its technology for the British market.

      Talks started with the Hinkley Point C project, led by Electricite de France SA, a major electrical producer largely owned by the French government.

      While this project was already in the advanced stages of planning, a major development occurred in 2013 when British energy firm Centrica decided to withdraw its 20 percent stake from the project due to escalating cost estimates and delays.

      EDF Group and two Chinese nuclear companies, China General Nuclear Power Group and China National Nuclear Corp, reached an agreement in 2013. The two Chinese companies will support Hinkley Point C, and they would also be junior partners, and cover part of the costs, for a follow-on plant at Sizewell. EDF would lead the construction and operation of both sites.

      In return, EDF will support the two Chinese companies in the development of a new atomic plant at Bradwell B, the site of a partially decommissioned nuclear power station in the UK. The French would become a minority partner and assist the Chinese through Britain's approval process for a new reactor design.

      The UK nuclear regulator is one of the strictest in the world, and if Chinese firms successfully pass their design through the UK's generic design assessment, they will be in a good position to export to other countries.

      While there are concerns about the safety of Chinese nuclear technology, China actually has the world's largest nuclear plant building program and rich experience, with 21 nuclear power reactors operating at eight separate sites and a further 28 under construction.

      One important step for the export of Chinese nuclear technology took place in December, when China National Nuclear Corp's ACP1000 nuclear power reactor passed the International Atomic Energy Agency's Generic Reactor Safety Review.

      Receiving this safety review recognition from the IAEA puts ACP1000 on a level playing field with other third-generation nuclear technology globally, and adds to its credibility in the export process.

      Based on these, Chinese investment and technology to be used in the British nuclear project is beneficial for both sides.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲乱码日产精品BD在线观看| 国产亚洲av片在线观看16女人| www.亚洲色图| 亚洲精品高清一二区久久| 国产亚洲精品高清在线| 亚洲AV无码一区二区三区系列| 亚洲第一成年人网站| 亚洲中文字幕无码爆乳| 日韩a毛片免费观看| a级日本高清免费看| 精品福利一区二区三区免费视频| 免费视频爱爱太爽了| 国产无遮挡又黄又爽免费视频| 国产啪亚洲国产精品无码| 亚洲日本一区二区三区| 中文字幕在线观看亚洲日韩| 男女作爱免费网站| 免费无码一区二区三区| 无码人妻一区二区三区免费手机| 啊v在线免费观看| 久久亚洲国产精品| 亚洲精品无码专区| 99视频免费在线观看| 亚洲免费福利在线视频| 亚洲国产午夜中文字幕精品黄网站| 亚洲国产精品特色大片观看完整版| 亚洲网址在线观看| 日本激情猛烈在线看免费观看| 男人j进入女人j内部免费网站| 免费a级毛片高清视频不卡| 亚洲国产精品专区在线观看 | 久久WWW免费人成人片| 四虎永久在线免费观看| 亚洲电影中文字幕| 亚洲AV无码成人网站在线观看| 光棍天堂免费手机观看在线观看| 毛片基地免费视频a| 亚洲精品国精品久久99热一| 亚洲欧洲国产综合AV无码久久| 精品国产污污免费网站入口| 蜜桃视频在线观看免费网址入口|