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CrazyFruits » Entertainment Movies Trailors & More Interesting Things » General CRAZY DiscussionS » China powers up on nuclear projects

China powers up on nuclear projects

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1bat China powers up on nuclear projects on Thu 3 Aug 2017 - 2:49

BigBossAdmin

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CGN is becoming a major player on the global stage after expanding its civil uranium supply chain to meet increased domestic demand

China's largest nuclear power group is expanding its uranium supply chain for domestic and worldwide civil projects.

The State-owned China General Nuclear Power Corp has put together agreements in most of the uranium-producing countries, including Namibia, Kazakhstan, Australia and Canada.

This has been part of the company's development in the past 11 years, Yu Zhiping, general manager of CGNPC Uranium Resources Co Ltd, a subsidiary of CGN, stressed.

"It is extremely important for Chinese nuclear power operators to secure uranium resources overseas for long-term supply security," said Joseph Jacobelli, a senior analyst of Asian utilities and infrastructure at Bloomberg Intelligence in Hong Kong.

CGN is one of only two companies in the country permitted to import nuclear fuel, along with China National Nuclear Corp. It operates in 20 countries from its headquarters in Shenzhen, with total assets worth 430.7 billion yuan ($64 billion).


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