China, Argentina to Build Hualong-1 Nuclear Power Unit
Yicai Global
/SOURCE : Yicai
China, Argentina to Build Hualong-1 Nuclear Power Unit

(Yicai Global) May 25 -- China and Argentina will jointly build a 1-gigawatt Hualong-1 pressurized water reactor nuclear power unit in 2020, said Yu Peigen, deputy general manager of China National Nuclear Corporation (CNNC).

He was speaking at a State Council Information Office press conference yesterday. Hualong-1 has become a new "business card" for China's Belt and Road initiative, Yu said. CNNC has signed letters of intent for cooperation with nearly 20 countries including Argentina, Britain, Egypt, Brazil, Saudi Arabia, Algeria, Sudan, Canada and Malaysia.

CNNC Chairman Wang Shoujun and Nucleoeléctrica Argentina SA (NASA) President Omar Semoloni signed, on the sidelines of the Belt and Road Forum for International Cooperation held in Beijing on May 14-15, a contract for Argentina's fourth and fifth nuclear power plants, said Yu.

Per the agreement, CNNC and NASA will begin construction of a 0.7-gigawatt pressurized heavy water reactor nuclear power unit in 2018 and on a 1-gigawatt Hualong-1 pressurized water reactor nuclear power unit in 2020. This is a major achievement of the Belt and Road forum and a specific move to promote the common prosperity of Belt and Road countries. It brings the number of CNNC's exported nuclear power units to eight.

CNNC is actively participating in the Belt and Road initiative, with its nuclear project in Pakistan well underway and project in Argentina to kick off soon, Yu noted. The company is in talks with the US, Ukraine and Kazakhstan about nuclear fuel collaboration and steadily carries out overseas acquisitions and trade of natural uranium. It has also accomplished achievements in its participation in France's nuclear industry restructuring and is pushing forward with several nuclear power and industrial chain partnerships. CNNC has also improved its overseas development network and shifted from single project cooperation towards industrial and strategic cooperation.

CNNC has established technological and trade relations with more than 40 countries and regions around the world and is in talks regarding cooperation along the entire nuclear industrial chain including nuclear power, uranium resources, nuclear fuel and nuclear technology applications, Yu said.

Over 70 countries are developing or planning to develop nuclear power, and the number of new power generators is set to exceed 200 by 2030. Judging from nuclear power generators already exported internationally, each generation of such generators can help boost national output by CNY30 billion (USD4.3 billion), equivalent to the combined value of 300,000 vehicles.

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Keywords: CNNC , Nuclear Power , B&R