China General Nuclear Power Group
|Predecessor||China Guangdong Nuclear Power Group|
|Headquarters||Shenzhen, Guangdong, China|
|Liang Yu (Chairman)|
|Services||Nuclear power, wind power, solar power, hydropower|
Hengjian Holding (10%)
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.
CGN operates in other emerging energy industries like wind energy and solar energy, as well as more traditional industries like hydroelectricity. As of 2014[update] CGN operates power generation plant of the capacity: nuclear 8.3 GW, wind 4.7 GW, hydro 4.0 GW and solar 600 MW.
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.
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.
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 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.
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.
- 管理团队. Official website of CGN (in Chinese). Retrieved 13 February 2015.
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- Miguel Martin (15 December 2014). "CGN Power raises billion in IPO". IPPjournal. Retrieved 31 March 2015.
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- Guangdong Daya Bay Nuclear Power Station. Retrieved 19 May 2014
- Ling Ao Nuclear Power Plant (LANPP) (25 July 2012). Retrieved 19 May 2014
- Hongyanhe 1 enters commercial operation. World Nuclear News (07 June 2013). Retrieved 19 May 2014
- New reactor online at Ningde. World Nuclear News (07 January 2014). Retrieved 19 May 2014
- Reactor vessel installed at Yangjiang 2. World Nuclear News (21 February 2014). Retrieved 19 May 2014
- Nuclear Power in China. World Nuclear Association. (15 May 2014). Retrieved 19 May 2014
- Agreement for building Lufeng AP1000s. World Nuclear News (30 September 2013). Retrieved 19 May 2014
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- China General Nuclear Power Group (in Chinese)