Merger of two major nuclear industry players to get green light
The merger of China Power Investment Corp (CPI) and State Nuclear Power Technology Corp will soon get the green light, a move signaling that a market dominated by the nation's two largest nuclear giants will come to an end, Chinadaily reported on January 30.<br />
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The concrete merger plan will be published by the State Assets Supervision and Administration Commission (SASAC) recently, sources said.<br />
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Currently, there are two major nuclear players in the world's fastest-growing nuclear market-- China National Nuclear Corp (CNNC), China General Nuclear Power Group (CGN).<br />
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The combination will create another big nuclear power giant to compete with those two traditional nuclear players, given that CPI is one of the nation's top five power generation groups and has the qualification to operate and build nuclear plants.<br />
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Currently, CPI owns only two nuclear projects—Haiyang and Hongyan River nuclear projects. Total nuclear production capacity of the group, including under construction and operational, stood at 8.06 GW by the end of 2013.<br />
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CPI planned to achieve total under-construction nuclear capacity of 10 GW in 2020, and operational capacity of 14 GW.
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