China National Nuclear Corporation

Not to be confused with China General Nuclear Power Group, the other major Chinese nuclear power company
China National Nuclear Corporation
Native name
 中国核工业集团公司
State-owned
Industry Nuclear technology
Predecessor Ministry of Nuclear Industry
Founded 1955[1]
Headquarters Beijing, China
Key people
 Sun Qin (President)[2]
Products Nuclear weapons, nuclear power generation
Number of employees
 100,000[3]
Subsidiaries China Nuclear International Uranium Corporation
Website www.cnnc.com.cn

The China National Nuclear Corporation (CNNC; Chinese: 中国核工业集团公司; pinyin: Zhōngguó Hé Gōngyè Jítuán Gōngsī) is a state-owned entity founded in 1955 in Beijing.[1] CNNC's president and vice-president are appointed by the Premier of the State Council. However the CNNC is a self-supporting economic corporation, not a government administrative body. It oversees all aspects of China's civilian and military nuclear programs. According to its own mission statement, it "combines military nuclear weapons production with civilian production, taking nuclear industry as the basis while developing nuclear power and promoting a diversified economy." CNNC is a nationwide industrial conglomerate integrating science, technology, industry, and international trade.[3]

History

The Ministry of Nuclear Industry built China's first atom bomb, hydrogen bomb and nuclear submarine. It functioned as a government bureau for the national nuclear industry and reported directly to the State Council. It oversaw China's nuclear-related corporations, manufacturers, institutions, research institutes, and plants, including those related to nuclear weapons. It was responsible for the design and operation of nuclear power plants; nuclear fuel production and supply, including the processing of natural uranium, uranium conversion and enrichment, fuel assembly fabrication, spent fuel reprocessing, and nuclear waste disposal.

In 1988 the Ministry of Nuclear Industry was re-organised and became the CNNC. The corporatization was partly carried out to gain funds from outside of the government via exports.[4]

In the mid 1990s, CNNC had 300,000 employees and managed 200 organisations.[4]

As of 2014 CNNC has 100,000 employees and 110 subsidiaries. It has 4 nuclear power plants (Fuqing, Fangjiachan, ?? & ??) with 9 reactors in operation with a generation capacity of 6.5 GWe, with a further 12 reactors under construction.[1]

In June 2015, CNNC announced it would aim to raise 13.19 billion Chinese yuan in an initial public offering, that if successful, would be the largest in China in almost four years previously.[5] Consequently, as of June 2015 it ranks no. 9 of Chinese companies for long term borrowings, which are over 67% of its market cap at that time.[6]

In September, CNNC announced a project with the UK's National Nuclear Laboratory to create the Joint Research and Innovation Centre. The centre will investigate aspects of the nuclear fuel cycle. The UK and China will jointly fund the project over five years at the cost of £50 million.[7]

Investigation

Kang Rixin, a senior general manager is currently being investigated (as of August 10, 2009) for $260 million that was earmarked for the construction of three nuclear plants and allegedly used the funds for the stock market sustaining heavy losses. He is also accused of accepting bribes from a foreign company that intended to build nuclear power stations in China.[8][9]

Pressurized Water Reactor

Since 2011 CNNC has been progressively merging its ACP1000 nuclear power station design[10] with the China General Nuclear Power Group (CGNPG) ACPR1000 design, while allowing some differences, under direction of the Chinese nuclear regulator. Both are three-loop designs originally based on the same French design, but now have different nuclear cores.[11] The first two ACP1000 units will be built at Fuqing Nuclear Power Plant.[10]

In early 2014 it was announced that the merged design was moving from preliminary design to detailed design. Power output will be 1150 MWe, with a 60-year design life, and would use a combination of passive and active safety systems with a double containment. Initially the merged design was to be called the ACC1000,[12][13][14] but ultimately it was named Hualong One or Hualong-1. In August 2014 the Chinese nuclear regulator review panel classified the design as a Generation III reactor design, with independently owned intellectual property rights.[15][16]

The first units to be constructed will be Fuqing 5 and 6, Fangjiashan 3 and 4, and a build has been proposed in Argentina.[17][18][19]

See also

References

  1. 1 2 3 CNNC (27 January 2014). "CNNC: The Main Force of Nuclear Power Development in China". UK Trade & Industry (Market Briefing). pp. 64–98. Retrieved 7 April 2014.
  2. ↑ "Managements". Official website of CNNC. Retrieved 13 February 2015.
  3. 1 2 "About us". China National Nuclear Corporation.
  4. 1 2 "China National Nuclear Corporation (CNNC)". Nuclear Threat Initiative. Retrieved 5 March 2016.
  5. ↑ http://www.reuters.com/article/2015/06/01/us-china-national-nuclear-ipo-idUSKBN0OH13B20150601, China National Nuclear aims to raise $2.13 billion in largest IPO since 2011, Reuters, 31 May 2015
  6. ↑ "China National Nuclear Power Co.,Ltd. Fundamental Rankings". China Stock Facts. 2015.
  7. ↑ "UK-China Joint Research and Innovation Centre". National Nuclear Laboratory. Retrieved 5 March 2016.
  8. ↑ BBC News - Beijing airport ex-head executed
  9. ↑ China’s Rapid Reactor Expansion Raises Concerns KEITH BRADSHER, Published: December 15, 2009
  10. 1 2 Wang Yanjun; et al. (22 May 2013). "I&C application status in NPPs in China" (PDF). China Nuclear Power Engineering Co. Retrieved 11 October 2013.
  11. ↑ "Nuclear Power in China". World Nuclear Association. 24 September 2013. Retrieved 30 September 2013.
  12. ↑ "CGN Chairman He Yu Makes Proposal for Promoting Export of China-designed Nuclear Power Technology ACC1000". CGN. 6 March 2014. Retrieved 7 April 2014.
  13. ↑ "Nuclear Power in China". World Nuclear Association. April 2014. Retrieved 7 April 2014.
  14. ↑ Caroline Peachey (22 May 2014). "Chinese reactor design evolution". Nuclear Engineering International. Retrieved 23 May 2014.
  15. ↑ "China's new nuclear baby". World Nuclear News. 2 September 2014. Retrieved 9 March 2015.
  16. ↑ "Independent Gen-III Hualong-1 reactor technology passes national review". CGN. 22 August 2014. Retrieved 9 March 2015.
  17. ↑ "Hualong One deployment at Fuqing 5". World Nuclear News. 4 November 2014. Retrieved 9 March 2015.
  18. ↑ "Hualong One selected for Argentina". World Nuclear News. 5 February 2015. Retrieved 9 March 2015.
  19. ↑ Charlie Zhu and David Stanway (6 March 2015). "'Made in China' nuclear reactors a tough sell in global market". Reuters. Retrieved 9 March 2015.

Further reading

External links

This article is issued from Wikipedia - version of the Friday, May 06, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.