State Nuclear Power Technology Corporation

State Nuclear Power Technology Corporation Limited (abbreviation SNPTC) is a Chinese state-owned enterprise in nuclear power. The company engages in the development of nuclear technology and is one of the country's three operators of nuclear power plants.

State Nuclear Power Technology Corporation
SNPTC
TypeSubsidiary
IndustryNuclear power
FoundedMay 2007 (2007-05)
Founder
Headquarters
Beijing
,
China
ProductsNuclear power plant design and construction
CN¥00487 million (2016)
Total assets CN¥48.917 billion (2016)
Total equity CN¥13.295 billion (2016)
Owner
SPIC(76%)
CGN(10%)
CNNC(10%)
CNTIC(4%)
ParentSPIC
Chinese name
Simplified Chinese国家核电技术有限公司
Traditional Chinese國家核電技術有限公司
Abbreviation
Simplified Chinese国家核电技术公司
Traditional Chinese國家核電技術公司
Second abbreviatoin
Simplified Chinese国家核电技术
Traditional Chinese國家核電技術
Third abbreviation
Simplified Chinese国家核电
Traditional Chinese國家核電
Websitewww.snptc.com.cn
Footnotes / references
in consolidated financial statement[1]

History

SNPTC was formally created in May 2007 by the State Council[1] with the mandate to adopt 3rd generation nuclear technology from foreign suppliers and to implement and manage nuclear power projects. The State Council was the primary contributor in establishment, contributing 60 percent of the initial investment capital with the other nuclear industry players China General Nuclear Power Group, China National Nuclear Corporation, China National Technical Import and Export Corporation (CNTIC), and China Power Investment Corporation, contributing 10 percent of the initial investment each.[1] 2011, the share capital had increase from CN¥4 billion to CN¥10 billion, but CNTIC did not subscribed the capital increase. Before the 2015 merger of SNPTC with China Power Investment Corporation, the latter still retained the 10% stake. As of 31 December 2014, the other minority shareholders were China National Nuclear Corporation (10%), China General Nuclear Power Group (10%) and CNTIC (4%).[2]

In 2015 SNPTC was merged with fellow state-owned enterprise China Power Investment Corporation.[3] More precisely, the controlling stake (66%) of SNPTC was transferred to China Power Investment Corporation from the State-owned Assets Supervision and Administration Commission of the State Council. The new name of the nuclear and conventional electricity producer was State Power Investment Corporation

In 2015, it was also announced that China Power New Energy Development, a listed subsidiary of State Power Investment Corporation, will take over State Nuclear Power Technology Corporation.[4] More precisely, China Power New Energy Development signed a MoU to acquire by issuing new shares to SNPTC an/or another SPIC's subsidiary China Power New Energy Limited.[nb 1] and SNPTC to sell their nuclear power assets and businesses.[5]

Nuclear power plants

The company has a joint venture that is constructing 4 nuclear reactors, two located in sites Sanmen and Haiyang, with all units commencing operations by 2016 or 2017.[6]

Reactor designs

CAP1400 (Guohe One)

In 2008 and 2009, Westinghouse made agreements to work with the State Nuclear Power Technology Corporation (SNPTC) and other institutes to develop a larger version of the AP1000, the CAP1400 of 1,400 MWe capacity. Westinghouse's co-development agreement gives China the IP rights for all co-developed plants >1350 MWe. First two units currently under construction at Shidao Bay. The CAP1400 is planned to be followed by a CAP1700 and/or a CAP2100 design if the cooling systems can be scaled up by far enough.

The reactor will have 193 fuel assemblies and is expected to take 56 months to build, with later units coming down to 50 months. Over 90% of the components will be indigenous. Construction cost is expected to be CNY 15,751/kWe and power cost CNY 0.403/kWh for the first unit and dropping to CNY 0.38/kWh (5.9 ¢/kWh) subsequently.[7]

In December 2009, a Chinese joint venture was set up to build an initial CAP1400 near the HTR-10 Shidaowan site.[8][9]

In September 2014, the Chinese nuclear regulator approved the design safety analysis following a 17-month review.[10] In May 2015, the CAP1400 design passed an International Atomic Energy Agency's Generic Reactor Safety Review.[11] In 2015, site preparation started, and approval to progress was expected by the end of the year.[12][13] However, as of 2017, construction approval has been delayed mainly because of the long delays in completing the first AP1000.[14] Equipment for the CAP1400 is being manufactured, and as of 2021, construction of two units is underway at Huaneng Group's Shidaowan site in Shandong province while the official approval is still pending.[15][16]

In September 2020, with construction design of the demonstration units over 99% complete, China's State Power Investment Corporation launched the design for more widespread deployment consideration. It was given the name Guohe One.[17]

Footnotes
  1. China Power New Energy Limited, a company which was incorporated in Hong Kong, is not the listed company China Power New Energy Development Limited, which was incorporated in Bermuda. China Power New Energy Limited is an indirect wholly owned subsidiary of China Power International Holding, in turn China Power International Holding is a wholly owned subsidiary of State Power Investment Corporation,previously known as China Power Investment Corporation before 2015 merger; China Power New Energy Limited, China Power International Holding were intermediate holding companies of the shares of the listed company.

References
  1. 国家核电技术有限公司关于披露2016年年度报告的公告 [2016 Annual Report] (in Chinese (China)). State Nuclear Power Technology Corporation. 29 April 2017. Retrieved 1 July 2018 – via Shanghai Clearing House.
  2. "2014 Annual Report". 国家核电技术有限公司2017年度第一期短期融资券发行披露材料 [corporate bond prospectus]. State Nuclear Power Technology Corporation. 18 April 2017. Retrieved 1 July 2018 – via Shanghai Clearing House.
  3. "Chinese nuclear giant officially launched". World Nuclear Association. 16 July 2015. Retrieved 4 May 2015.
  4. Ren Wei (30 December 2015). "Shares in nuclear power company formerly run by ex-premier Li Peng's daughter surge 20 per cent in wake of her resignation". South China Morning Post. Hong Kong. Retrieved 2016-10-18.
  5. "Announcement" (PDF) (Press release). China Power New Energy Development. 30 December 2015. Retrieved 1 July 2018 – via Hong Kong Exchanges and Clearing website.
  6. "China's NPPs make progress". Nuclear Engineering International. Progressive Trade Media. May 30, 2016. Retrieved 1 July 2018.
  7. "China Nuclear Power | Chinese Nuclear Energy - World Nuclear Association".
  8. "Nuclear Power in China". World Nuclear Association. 2 July 2010. Archived from the original on 12 February 2013. Retrieved 18 July 2010.
  9. "New reactor design taking shape in China". World Nuclear News. 15 January 2014. Archived from the original on 16 January 2014. Retrieved 16 January 2014.
  10. "CAP1400 preliminary safety review approved". World Nuclear News. 9 September 2014. Archived from the original on 10 September 2014. Retrieved 10 September 2014.
  11. "Large-scale Chinese reactor design passes IAEA safety review". World Nuclear News. 5 May 2016. Archived from the original on 4 October 2016. Retrieved 20 September 2016.
  12. "China looks forward to reactor firsts". World Nuclear News. 14 September 2015. Archived from the original on 23 September 2015. Retrieved 24 September 2015.
  13. LIAO Liang (September 2015). INTRODUCTION of CAP1400 (PDF). SNERDI (Report). IAEA. Archived (PDF) from the original on 4 October 2016. Retrieved 24 February 2016.
  14. Kidd, Steve (10 August 2017). "Nuclear in China – why the slowdown?". Nuclear Engineering International. Archived from the original on 30 December 2017. Retrieved 30 December 2017.
  15. "KSB coolant pump certified for use in Chinese NPPs". Nuclear Engineering International. 22 August 2019. Retrieved 11 September 2020.
  16. "China readying for nuclear expansion, says Zheng". World Nuclear News. 11 September 2020. Retrieved 11 September 2020.
  17. "China launches CAP1400 reactor design". World Nuclear News. 29 September 2020. Retrieved 29 September 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.