China General Nuclear Power Group
|Headquarters||People's Republic of China|
|Area served||Guangdong province|
CGN currently operates Daya Bay Nuclear Power Plant and Ling Ao Nuclear Power Plant with about 6000 MWe of installed generating capacity, and there are five new nuclear power stations under construction with another 4 in plan.
CGN also operates in other emerging energy industries like wind energy and solar energy, as well as more traditional industries like hydroelectricity.
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.
Technology import and development
CGNPG'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 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 main presentation of its innovation power.
In February 2007 CGNPG signed a contract with Areva to build Taishan nuclear station with Areva's European Pressurized Reactor, 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 power in China
- China National Nuclear Corporation, other major Chinese nuclear power company
- "China's largest nuclear power firm renamed". Xinhua. 15 May 2013. Retrieved 15 May 2013.
- China General Nuclear Power Group (Chinese)