Cgnpc’s United Kingdom Office inaugurated
After several twists and turns, Sino-British nuclear single finally signed at President XI Jinping during his visit to Britain, as the Chinese leader of China Guangdong nuclear power Group (hereinafter referred to as cgnpc) with the world’s largest nuclear plant operator France EDF (EDF) signed a cooperation and development United Kingdom of three new nuclear power project investment agreement. Agreement was signed just a few minutes, but until the last minute of show-me behind the nuclear deal, but nuclear power enterprise in China for several years of experience.
Four years of sword
Wide checked United Kingdom favors nuclear power market has a long history. According to the national weekly financial reports, early in September 2011, the cgnpc were studied for the first time United Kingdom nuclear power market, that United Kingdom is a potential but highly competitive market.
Want veteran players gathered in the United Kingdom market share of nuclear power is not easy.
Although the United Kingdom has a quite brilliant history of nuclear power, nuclear technology since the 80 ‘s of last century route changes and the impact of electricity privatization, the original pattern of nuclear power after the restructuring, other European energy giants to join United Kingdom Government decision impacts on industry weakened. Coupled with feast of oil from North Sea oil field development in the period since 1987, only after the pressurized water reactor started, United Kingdom then no new nuclear power plant in nearly 30 years.
Part by design and aging unit, United Kingdom active nuclear power plants annual output decreased. In addition to the pressurized water reactor, a remaining reactors will have retired before 2028. In order to make up for future retired nuclear energy gap and achieve the EU’s carbon emission reduction commitments, United Kingdom in 2008, the Government published the white paper on nuclear energy, nuclear positioning for future national energy supplies important support and suitable in 2025 final eight years ago to build a new nuclear power plant project site.
Eight a planning site in the, long-term deep United Kingdom market of EDF Energy (EDF in British full funding subsidiary) has five a, Germany power giant meaning Ang (E.on) and Rai Yin (RWE) group joint venture of United Kingdom horizon nuclear power company has two a, also has a master in Spain power giant Iberdrola (Iberdrola) and the France gas Su Iraq scholar Group (GDF Suez) hands (the project Hou was Japan Toshiba holding).
Entry opportunities soon appeared for the first time. In March 2012, Fukushima later shut down the global nuclear power industry, coupled with response Germany domestic nuclear policy, e and RWE announced its withdrawal from the United Kingdom nuclear power market and sell United Kingdom horizon nuclear power company.
Concerns United Kingdom market of China nuclear power companies started immediately. China Guangdong Nuclear for years with partner France AREVA (AREVA), wing, another China’s State nuclear power technology Corporation nuclear power enterprises and co-host United States Westinghouse joint bid. Thereafter, Japan Hitachi also announced its accession bid. In November 2012, Hitachi wings far above market expectations of price bid. For the game, the outside world had many interpretations, including a United Kingdom domestic Chinese companies into the United Kingdom nuclear projects concerns with invisible barriers encountered by Enterprise sea common question, and so on. In this regard, National Energy Board the original Zhang Guobao, in an interview with the southern energy Observer magazine said, the project is not a problem of domestic enterprises, but the Commission subsequently requested the two exits.
Although not a successful bid for a case, but hand in hand international nuclear power giants entering the nuclear power market in developed countries take this trip, China’s nuclear power enterprises to go out valuable combat experience. Through the bidding activity, United Kingdom also had the opportunity to focus on the Government and the industry to China in nuclear power plant construction and operation of power, as well as in United Kingdom the strong will of the new nuclear power plant construction.
Shortly thereafter, in early 2013, United Kingdom sentelike (Centrica) time delays, lack of nuclear power construction company construction experience and their own integrated effects such as capital investment limited, decided to sell its NNB companies (EDF holding United Kingdom new nuclear power company) 20% equity. Until then, Centrica and EDF holding Hinckley point (Hinkley Point) c and saiziweier (Sizewell) c two new nuclear power projects, the former exit, forcing France to turn new investment partners.
This time, strong financial background, eager to enter the United Kingdom market, and Foundation in partnership with EDF has deep cgnpc is naturally seen as a dream candidate. Starting from the construction of the Daya Bay nuclear power plant and their cooperation partners for more than 30 years. As early as November 2007, EDF and cgnpc signed a global partnership agreement, joint venture power plants at home and abroad, and support, the expansion of technical cooperation and joint development of new technologies and other aspects of cooperation.
From looking at the technology fit, Guangdong nuclear power is also method of choice. At present, joint ventures with France of Taishan EPR technology is under construction. Message from cgnpc, Taishan since its start in 2010, all aspects of project progress and cost control is better, present progress in construction has exceeded earlier became the world’s first reactor started similar projects, 1th unit has successfully completed nuclear circuit flushing, became the world’s first complete nuclear loop flushing test-generation EPR nuclear power generating units, plans to put into operation in 2016.
Thus, affected by Centrica withdrawing cooperation of EDF
Energy soon presented to the China Guangdong nuclear to develop United Kingdom proposal of nuclear power market. In March 2013, cgnpc’s internal approval process, launched with participation of EDF on United Kingdom construction of new nuclear power project consultation under the EDF and cgnpc reached a preliminary agreement to communicate, cgnpc’s formal letter of intent submitted to the EDF ENERGY. On April 13 of that year, gleaned from EDF ENERGY cgnpc, responded positively to the letter of intent on cooperation, as well as draft cooperation and China Guangdong nuclear to develop United Kingdom nuclear cooperation agreement in the market.
This partnership also received endorsement at the Government level. In April 2013, President, XI Jinping, France witnessed by President Francois hollande, EDF, Areva and cgnpc signed a joint declaration of cooperation for a long time, in advanced reactor development, nuclear fuel and shared experience, nuclear power plant operation and maintenance, and performance improvements to strengthen long-term cooperation.
Hualong first renderings
In December 2013, Premier Li keqiang in Beijing with visiting United Kingdom while meeting Prime Minister David Cameron has suggested that Britain and China should carry out substantive cooperation in nuclear power, China enterprise investment, shareholding or controlling the British nuclear power construction project. United Kingdom Prime Minister David Cameron said, and welcomes Chinese enterprises to invest in Britain, supports Chinese shareholding or controlling the British nuclear power construction project.
From investment, equity participation holding, is the roadmap of China nuclear power companies to enter the British market. For China,, through shares Hinckley angle c and saiziweier c project familiar local commercial, and regulations and regulatory environment, for more in-depth participation United Kingdom nuclear power market accumulated experience, again in by China holding of Bradwell (Bradwell) b project Shang master plant development of led right, output independent three generations technology China Dragon first,, from this dimension degrees view, Hinckley angle c is must conquer of fortress, again your also have purchase of tickets. United Kingdom is on civil nuclear industry in the world’s most rigorous national one of Hualong once landed, first United Kingdom, experience can be extended to the rest of the world.
Another important point is that in August 2014, “Hua long first” technology by the National Energy Board and the State Office for nuclear safety organization of the technical review, at a critical moment for the cgnpc strive for Bradwell b project “Hualong first” technology provides powerful support for the negotiations.
September 2015 United Kingdom Chancellor of the Exchequer Osborne announced during his visit, United Kingdom Government for the participation of the Chinese side of Hinkley point c project with 2 billion pounds (about 19.8 billion yuan) investment guarantee. United Kingdom the Government of this “initial support for” gold, for the United Kingdom’s first 20 years paving the way for the construction of new nuclear power plants, so that it can back on track in the event of delay.
United Kingdom local time on October 21, in XI Jinping and United Kingdom Prime Minister David Cameron witnessed by cgnpg and EDF signed the United Kingdom nuclear power project investment agreement. Under the deal, cgnpc and EDF will jointly invested 2 EPR units at Hinkley point c nuclear power station, cgnpc led the Chinese Consortium and EDF will be at Hinkley point c item 33.5% and 66.5% shares. Estimates of the project investment amounted to 18 billion pounds, according to calculations, Chinese investment is expected to reach 6 billion pounds. Signing of investment agreement is not the last link before the project starts, EDF Chairman Jean-Bernard l e vy said in a joint statement, plans to make a final investment decision in the next few weeks.
On concerns of the Chinese side share, previously outgoing various versions. Struggle with the see-saw everywhere, investment agreements involving three bundles of new nuclear projects, which compromises the spatial intensity and game, alone in the past these fragmented information and project level will be able to guess one or two.
Subsequent saiziweier c project also proposed to build two EPR units in the project development phase, EDF will subscribe for 80% shares, cgnpc will be 20% shares.
But this does not mean that shares power plant to the holding power, China can have certainty. In accordance with the United Kingdom’s nuclear regulatory body, entering the United Kingdom adopted in construction of nuclear technology, must go through a rigorous technical standards compliance reviews, namely universal design review (GDA). This review requires a particularly harsh after France EPR technology for 5 years before they are adopted, and is currently the only nuclear power technology passed the assessment. But from another point of view, once passed the standards review, Hualong convincing at first, in the global nuclear market also increased significantly.
Currently, EDF and cgnpc has promoted buladeweier project together agree on the key issues of the final investment decision. Hualong, first through the United Kingdom review of universal design will be applied to the buladeweier project. Buladeweier b development phase of the project, cgnpc will take 66.5% stake, EDF has 33.5%.
It is reported that cgnpc has launched “Dragon of China first,” technology United Kingdom GDA pre-trial preparation. Planned in 2016 to promote “Hualong first” technology GDA formally accepted, strive to 5 years through the review simultaneously complete the early buladeweier b site development licence application procedure and follow-up investment required for construction and operation of the security conditions.
Granted to “go global” Mission of Hualong first why get one?
Since the United Kingdom new nuclear market seems to have become the training ground of the nuclear energy giant, the next how long first United Kingdom nuclear foothold in the market?
“Dragon from China first itself, both in terms of security, advancement, maturity is the industrial chain, have a big advantage. “Guangdong nuclear power international nuclear power development department General Manager Zhu Minhong, said Hua long when first starting from research and development, based on the reactor building with independent intellectual property rights, in order to” go out “done full preparation. Use of software such as research and development, these software while abroad can be bought, but technical output, “going out” may face the intellectual property barriers, China Guangdong nuclear planning in advance, arranged 31 apps developed for the future “go” technology transfer to prepare.
Prior to that, He Yu, Chairman of cgnpc including surging journal (www.thepaper.CN) media, said in an interview, current-generation nuclear power technology competitive, compared with mainstream third generation nuclear power technology in the world, Hua long technical security first with the international advanced level, have obvious competitive economy, with most of the current international order Russia compared to nuclear power technology products are also competitive. September City North high tech or 92 in the table
Meanwhile, the sophisticated equipment manufacturing system and capacity advantages, capable of forming the “going out” supply chain advantage. At present, China’s nuclear power going industrial base increased, supporting industries and resources already have support in the international and domestic market nuclear unit ability 10-12 new construction. These for the Chinese economy has provided a guarantee of long first, reducing risk.
China as a nuclear power development was now gathering the global nuclear market to almost all mainstream generation pressurized water reactor technology, the AP1000 and the EPR, and VVER type are under construction. Than the other nuclear powers, China’s nuclear power development limbo does not appear, this is a big advantage. He Yu said that at present, the global nuclear power development has two main areas, one in the United States, one is European. “The United States has more than more than 100 reactors, most of them built in the 60 ‘s and 70 ‘s, France most of the 70 ‘s. After the 80 ‘s, global nuclear power had stalled. And our country is starting from the 80 ‘s of last century, has continued to build in the reserve aspect nuclear power amount of talent. Either in terms of design, manufacture, construction, operation, China have a strong team, and abroad is relatively stock State. ”
He Yu said this 30 years of uninterrupted construction experience money can’t buy.