Chinese companies China National Nuclear Power (CNNP), Jiangnan Shipyard, Shanghai Electric Power, Shanghai Guosheng Group and Zhejiang Zheneng Electric Power have established a joint venture to develop floating nuclear power stations.
The jv will involve maritime nuclear power research and development, construction, operation and management of floating nuclear power stations, and is aimed at strengthening China’s nuclear power and maritime capabilities and supporting the various projects under China’s One Belt, One Road initiative.
China plans to build 20 floating nuclear power stations to support offshore activities including oil and gas drilling and island development.
In January, Dong Qiang, president of China State Shipbuilding Corporation (CSSC), said the nuclear-powered offshore equipment will significantly promote the development of China’s offshore economy and transform the domestic shipbuilding industry.
Another Chinese shipbuilding conglomerate, CSIC, also announced a plan in 2016 of developing a floating nuclear power platform at Bohai Shipbuilding Industry.