Five Chinese companies set up floating nuclear power plant JV

Five Chinese companies set up floating nuclear power plant JV

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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