China's Two Nuclear Giants Will Partake in Kazakhstan Uranium Mining, Nuclear Plant Construction
Lin Chunting
/SOURCE : Yicai
China's Two Nuclear Giants Will Partake in Kazakhstan Uranium Mining, Nuclear Plant Construction

(Yicai Global) June 12 -- China General Nuclear Power Corporation (CGNPC) and China National Nuclear Corporation (CNNC) will participate in uranium mining and developing the nuclear power market in Kazakhstan, they said at the International Exposition 2017 that opened on Saturday in the Kazakh capital of Astana.

Their collaborations with Kazakhstan will spam the entire nuclear power industry chain from uranium resource exploration and development to nuclear fuel processing and production and nuclear power plant construction, the two separately told Yicai Global.

As China kicked off the second nuclear facility development campaign, Chinese nuclear power groups have started uranium mining operations in other countries to ensure stable uranium supplies in the event of sharp price rises, several nuclear company insiders said.

The Kazakh State Atomic Energy Industrial Corporation will cooperate with CGNPC on the development of a new high-quality uranium mine with total reserves of no less than 40,000 tons, and the pair plans to sign the mine sale contract by the end of 2019.

The Astana expo opens a window via which to introduce China's nuclear technology to other countries, CGNPC chairman He Yu said. The UK government has started the Generic Design Assessment (GDA) on Hualong One, a second-generation nuclear reactor developed by CGNPC, for possible deployment at the Bradwell nuclear power station site.

The UK's acceptance of Hualong One has aroused widespread interest in the product among countries along the One Belt, One Road including Kazakhstan, He noted.

"We held in-depth discussions with Kazakhstan regarding Hualong One, and both sides have agreed to deepen bilateral cooperation on clean energy development," He added.

"It'll take us a long time before we can close the deal with Kazakhstan," a source at the company said, "But we're very confident. Many countries competed with us for the Argentine project too, but we won the deal in the end!"

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Keywords: BELT AND ROAD , Kazakhstan , CGNPC , CNNC , Nuclear Energy , Uranium Mine , Hualong