Reactor builder seeks investors
By Richard Fu |
October 1, 2010, Friday
|
Print Edition
Print Edition
CHINA National Nuclear Corp, the country's main builder of reactors, is planning to list its main assets and seek strategic investors.
The company established a new unit this year with operations ranging from nuclear project investment and financing, nuclear plant operation, R&D and service and consulting.
Chen Hua, CNNC's assistant general manager and head of the new unit, said the unit expects to bring in strategic investment by the end of this year and qualify for listing next year, China Power News reported yesterday.
The company is doing preparatory work according to procedures required by the nation's securities regulator, said the newspaper, run by the State Electricity Regulatory Commission.
CNNC expects the listing to help it accelerate reactor construction and technological development.
China ranks the world's No. 1 in nuclear power capacity under construction as it builds more reactors to cut reliance on coal-fired plants which now contribute more than three quarters of the nation's power generation.
China Power News also reported that China Nuclear Engineering Group, a smaller reactor builder, aims to list on the A-share market by the end of next year.
China Nuclear Engineering is in the process of submitting the listing proposal to the State Council.
The company established a new unit this year with operations ranging from nuclear project investment and financing, nuclear plant operation, R&D and service and consulting.
Chen Hua, CNNC's assistant general manager and head of the new unit, said the unit expects to bring in strategic investment by the end of this year and qualify for listing next year, China Power News reported yesterday.
The company is doing preparatory work according to procedures required by the nation's securities regulator, said the newspaper, run by the State Electricity Regulatory Commission.
CNNC expects the listing to help it accelerate reactor construction and technological development.
China ranks the world's No. 1 in nuclear power capacity under construction as it builds more reactors to cut reliance on coal-fired plants which now contribute more than three quarters of the nation's power generation.
China Power News also reported that China Nuclear Engineering Group, a smaller reactor builder, aims to list on the A-share market by the end of next year.
China Nuclear Engineering is in the process of submitting the listing proposal to the State Council.
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