Thai Electric Company Ties Up with Chinese Companies to Develop and Operate Nuclear Plant
Thailand Ratchburi Electricity Generating Holding Public Co. is forming a joint venture together with two Chinese companies that will develop and operate the second phase of the Fangchenggang nuclear power pant in Guangxi Zhuang autonomous region. The said partnership is with China general Nuclear Power Group and Guangxi Investment Group Co. that comes as unit 3 in Fangchenggang that already started construction.
The said project is part of a demonstration plant for China;s home grown reactor, which is the HPR1000 a third generation reactor that was designed jointly by CGN and China National Nuclear Corp. Ratchburi a subsidiary for the state owned Electricity Generating Authority of Thailand said that its likely to handle ten percent of the venture. CGN’s chairman He Yu also said that using domestic designed nuclear technology, the Fangchenggang nuclear power plant project would transform China from a large nuclear country into a strong nuclear country.
Observers claim that the participation of the Thais in the project will help the cash rich Chinese nuclear firms to make inroads in expanding their presence in other countries in Southeast Asia. CGN is also planning to construct a biomass power plant in Thailand and other projects in the country in the pipeline that has also making huge inroads into the United Kingdom.