China General Nuclear Power Group

Not to be confused with China National Nuclear Corporation, the other major Chinese nuclear power company
China General Nuclear Power Group
Native name
 中国广核集团
State-owned
Industry Energy
Predecessor China Guangdong Nuclear Power Group
Founded September, 1994
Headquarters Shenzhen, Guangdong, China
Area served
 Mainland China
Malaysia
Key people
 Liang Yu (Chairman)[1]
Services Nuclear power, wind power, solar power, hydropower[2]
Owner State-owned Assets Supervision and Administration Commission
Website www.cgnpc.com.cn

China General Nuclear Power Group (CGN) (Chinese: 中国广核集团), formerly China Guangdong Nuclear Power Group (Chinese: 中国广东核电集团), is a major energy corporation[3] under the SASAC of the State Council.

CGN has operating nuclear plants at Daya Bay Nuclear Power Plant, Ling Ao Nuclear Power Plant, Hongyanhe Nuclear Power Plant and Ningde Nuclear Power Plant, with five new nuclear power stations under construction and another 2 planned.[3]

CGN operates in other emerging energy industries like wind energy and solar energy, as well as more traditional industries like hydroelectricity. As of 2014 CGN operates power generation plant of the capacity: nuclear 8.3 GW, wind 4.7 GW, hydro 4.0 GW and solar 600 MW.[3]

History

China Guangdong Nuclear Power Holding Co., Ltd. (CGNPC) was established in September 1994 with a registered capital of RMB 10.2 billion with nuclear power as its core business. With CGNPC as its core enterprise, China Guangdong Nuclear Power Group (CGNPG) comprises more than twenty wholly owned or controlling subsidiaries.

In April 2009, a fund run by China Guangdong Nuclear Power Group signed a deal raising US$1.03 billion for nuclear and related energy projects. Guangdong Nuclear's fund, the first industrial fund set up by a state-owned enterprise with approval from the State Council signed the fund-raising agreement with Bank of China, China Development Bank and other institutions, which will become shareholders in the fund. The financing is the first of two phases for the fund, which plans to raise a total of 10 billion yuan.[4]

In May 2013, the organization changed its name to China General Nuclear Power Group (CGN) to signify that its operations extend beyond Guangdong province.[5]

In December 2014, CGN raised $3 billion by an initial public offering (IPO) in Hong Kong.[6][7]

In December 2014, the firm announced it was acquiring three wind farms in the UK with a combined capacity of 73 megawatts from French energy company EDF Energy for a fee estimated to be in the region of £100 million.[8]

In November 2015, the company and its subsidiaries agreed to acquire 1Malaysia Development Berhad's energy assets, worth around $2.3 billion.[9]

Technology import and development

CGN's first nuclear station uses reactors designed and built by the French National Company, Framatome. Then it developed an improved PWR (pressurized water reactor) called CPR-1000[10] based on the French type. CPR-1000 is a fully Chinese designed and constructed reactor type which takes a large proportion in all the reactors being built in China, and is believed to be the company's best example of what the company has to offer. This has been developed into the Generation III Hualong One design.[11]

In February 2007, CGN signed a contract with Areva to build Taishan nuclear station with Areva's EPR, and the Xianning nuclear station will use Westinghouse Electric Company's AP1000. These two events makes this company among the first to build a nuclear station with generation III+ reactors.

Nuclear stations

Operating stations: Daya Bay Nuclear Power Plant[12] and Ling Ao Nuclear Power Plant phase I.[13]

Under construction: Hongyanhe Nuclear Power Plant,[14] Ningde Nuclear Power Plant,[15] Yangjiang Nuclear Power Station,[16] Taishan Nuclear Power Plant[17] and Fangjiashan Nuclear Power Plant.[18]

Planned: Lufeng Nuclear Power Plant,[19] Xianning Nuclear Power Plant (entering early construction),[20] Wuhu Nuclear Power Plant[21] and Jiangsu's Second Nuclear Power Project[22]

See also

References

  1. ↑ 管理团队. Official website of CGN (in Chinese). Retrieved 13 February 2015.
  2. ↑ "About CGN". Official website of CGN. Retrieved 13 February 2015.
  3. 1 2 3 CGN (27 January 2014). "Development and Achievement of CGN". UK Trade & Industry (Market Briefing). pp. 27–62. Retrieved 7 April 2014.
  4. ↑ http://www.nti.org/db/china/gnpc.htm
  5. ↑ "China's largest nuclear power firm renamed". China Daily. Xinhua. 15 May 2013. Retrieved 15 May 2013.
  6. ↑ "Promethean perils - After a hiatus, nuclear power is set for a revival in China". The Economist. 6 December 2014. Retrieved 31 March 2015.
  7. ↑ Miguel Martin (15 December 2014). "CGN Power raises billion in IPO". IPPjournal. Retrieved 31 March 2015.
  8. ↑ "China's CGN to buy three small UK wind farms from EDF" (Press release). Reuters. 15 December 2014.
  9. ↑ "Malaysia's 1MDB sells power assets to China firm for $2.3 billion". Reuters. 23 November 2015.
  10. ↑ http://www.cgnpc.com.cn/n2881959/n3065965/n3070695/index.html
  11. ↑ "China's progress continues". Nuclear Engineering International. 11 August 2015. Retrieved 30 October 2015.
  12. ↑ Guangdong Daya Bay Nuclear Power Station. Retrieved 19 May 2014
  13. ↑ Ling Ao Nuclear Power Plant (LANPP) (25 July 2012). Retrieved 19 May 2014
  14. ↑ Hongyanhe 1 enters commercial operation. World Nuclear News (07 June 2013). Retrieved 19 May 2014
  15. ↑ New reactor online at Ningde. World Nuclear News (07 January 2014). Retrieved 19 May 2014
  16. ↑ Reactor vessel installed at Yangjiang 2. World Nuclear News (21 February 2014). Retrieved 19 May 2014
  17. ↑ Nuclear Power in China. World Nuclear Association. (15 May 2014). Retrieved 19 May 2014
  18. ↑ Milestones in construction of Chinese plants. World Nuclear News (20 July 2009). Retrieved 19 May 2014
  19. ↑ Agreement for building Lufeng AP1000s. World Nuclear News (30 September 2013). Retrieved 19 May 2014
  20. ↑ Nuclear power plants mulled in Hubei. China Daily. (06 April 2009). Xinhua. Retrieved 19 May 2014
  21. ↑ Wuhu Nuclear Power Company issued Wuhu NPP environmental impact report Nuclear Power News. (12 January 2010) Dynabond Powertech Serevice. Retrieved 19 May 2014.
  22. ↑ Nexans awarded 9 million Euro cable contract for China’s Tianwan nuclear power plant. Nexans (26 September 2013, Paris). Retrieved 19 May 2014

External links

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