China General Nuclear Power Group
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This article is part of the Nuclear Spin project of Spinwatch. |
The China General Nuclear Power Group (Chinese: 中国广核集团), formerly China Guangdong Nuclear Power Group (Chinese: 中国广东核电集团), is a major nuclear power corporation under the SASAC of the Chinese State Council.
Background
CGN currently owns Guangdong Daya Bay Nuclear Power Station (GNPS) and Ling Ao Nuclear Power Station (LNPS) Phase I with nearly 4000 MWe of installed generating capacity. It has six new nuclear power stations under construction with another 4 in plan.
Negotiations with EDF Energy
In 2013 the China General Nuclear Power Group was in negotiations with EDF Energy to invest in a proposed £10bn nuclear station at Hinkley Point in the UK. According to the Sunday Times, the Chinese firm is believed to be willing to take up to a 50 per cent stake, 'but only if it is granted some operational control, as opposed to being a passive financial investor'. [1]
On 16 October 2013 Chancellor George Osborne announced a 'civil nuclear co-operation agreement' with the Chinese government, paving the way for the CGNPG to invest in Hinkley.
External resources
- Danny Fortson Davey woos China over nuclear plants, Sunday Times, 8 September 2013
Notes
- ↑ Danny Fortson Davey woos China over nuclear plants, Sunday Times, 8 September 2013
