(Yicai Global) March 28 -- Shanghai Nuclear Engineering Research & Design Institute, which is currently building pilot power plants based on its self-developed third-generation nuclear energy technology, intends to float its shares on the Nasdaq-style Star Market.

SNERDI is being guided through the application work related to its planned listing on the Shanghai Stock Exchange's Star Market, Zhou Junying, deputy general manager of the nuclear engineering company said to Yicai Global at an event today, without disclosing more details about the roadmap.

Founded in 1970, SNERDI provides engineering, procurement and construction services in the nuclear power industry. The company is the leading designer and EPC contractor for a project in Rongcheng, Shandong province. The plant uses SNERDI’s 'Guohe One' (CAP1400) technology, and the first reactor is expected to start operation by year-end.

The technology, which is inspired by Westinghouse Electric's AP1000 pressurized water reactor, provides a safer and more efficient way to generate energy.

Editors: Tang Shihua, Emmi Laine, Xiao Yi