Proposals to Merge Nuclear Firms in Bid to Compete Overseas
China is planning proposals that will hopefully merge two of the biggest nuclear power firms as they bid to compete to build reactors overseas. Officials that are familiar with the situation said plans are already been submitted to State Owned Assets Supervision and Administration Commission to merge China General Nuclear Power Corp with China National Nuclear Corp.
Before the two companies were set up as rivals first to compete for home projects and abroad. But pressured by the government prompting, the two companies cooperated on an single reactor brand Hualong I which is intended to be marketed abroad. The merger is said to be inevitable and proposals have already strong backing from the Central Government.
Xu Lianyi, a senior expert at the State Nuclear Power Technology Corp. a firm that is entrusted with the building and developing a third generation nuclear technology which include the U.S. based Westinghouse AP1000 reactor. Xu also confirmed that the State Owned Assets Supervision and Administration Commission is reviewing another merger that involves the State Nuclear Power Technology Corp. with one of the big five State electricity generator China Power Investment.