Sichuan Huadu Nuclear Equipment Will Supply Control Rod Drives to Two Hualong One Generators
Tang Shihua
DATE:  Sep 27 2017
/ SOURCE:  Yicai
Sichuan Huadu Nuclear Equipment Will Supply Control Rod Drives to Two Hualong One Generators Sichuan Huadu Nuclear Equipment Will Supply Control Rod Drives to Two Hualong One Generators

(Yicai Global) Sept. 27 -- Sichuan Huadu Nuclear Equipment Manufacturing Co. (SHNEM) will supply control rod drive mechanisms (CRDM) to a nuclear power plant in Zhangzhou in China's southeastern Fujian and another in Changjiang in the southern island province of Hainan for their Hualong One generating units.

SHNEM has signed a supply contract with the Nuclear Power Institute of China, under which it will provide CRDM equipment and complementary products worth USD83.5 million (CNY553 million), Zhefu Holding Group Co. [SHE:002266], SHNEM's parent company, said yesterday.

Equipment SHNEM supplies will be used for power generators No. 1 and No. 2 of the nuclear project in Zhangzhou and power generators No. 3 and No. 4 of the Changjiang plant.

SHNEM has consolidated its leading position in 'Hualong One CRDMs' by again winning the contract to manufacture third-generation key nuclear equipment. This will also exert a positive impact on Zhefu Holding's revenue and net profit between 2018 and 2021, per the announcement.

Hualong One is the third-generation pressurized water reactor nuclear technology with China-owned intellectual property independently developed by the country in accordance with the world's state-of-the-art regulations and standards. Zhefu Holding and the Nuclear Power Institute of China hold a 66.67 percent stake and a 33.33 percent stake in SHNEM, respectively, public information shows.

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Keywords:   Nuclear Reactor Parts,Hualong,CNNC,Zhefu Holding