(Yicai Global) April 10 -- Hinkley Point C project, China’s first nuclear power station project in the UK, has currently entered the delivery stage.
The Bradwell B project, which will adopt Hualong One Reactor, the third generation nuclear power technology patented as China’s proprietary intellectual property, has embarked on factory site selection, said He Yu, President of China General Nuclear Power Corp., at the CEO round table discussion at the Boao Forum for Asia on April 9, state news outlet The Paper reported.
CGN entered into a package of agreements concerning the construction of new nuclear power projects in the UK with Electricite De France SA and the British government on Sept. 29, 2016. The agreements include the three major nuclear power projects in the UK, namely Hinkley Point C, Saiziweier C and Bradwell B.
The Hinkley Point C nuclear power station in the county of Somerset in southwestern England has drawn attention because it is the first nuclear power station built in the UK in the past 20 years. It is also a first for a Chinese enterprise to participate in nuclear power station construction in one of the traditional strongholds of the technology. Estimated investment in the project is GBP18 billion (USD25.5 billion), with Chinese and French firms holding 33.5 percent and 66.5 percent of shares, respectively.
The presence of Hualong One in the UK market will significantly assist in raising the Chinese industry up to the mid- and high-end of the global value chain. Exporting one Hualong One nuclear power station can engage over 5,400 Chinese enterprises in the construction, and the contract value along the industrial chain is equivalent to exporting 200 mid-sized commercial planes. This is extremely important in enhancing the influence of ‘made in China,’ said He during the Boao Forum, which is a Davos-style dialog platform on economic, social, environmental and other issues oriented to governments, enterprises and experts that convenes in China's southern Hainan province each year.