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Sandvik seals nuke power deal
By Richard Fu |
June 22, 2009, Monday
|
Print Edition
Print Edition
SWEDEN'S Sandvik AB has won a contract worth more than US$127 million to supply steam generator tubes to China's nuclear power industry, the company said in a statement yesterday.
Delivery will begin in 2013, the statement said.
Sandvik is one of only a small number of companies worldwide that are capable of producing the steam generator tubes used in nuclear plants.
Shanghai Electric Nuclear Power Equipment Co, a main equipment supplier to the nation's reactors, signed the deal with Sandvik.
China's nuclear sector is seeing a construction boom as the government aims to cut pollution caused by coal-fired generation. The sector also got a shot in the arm when a 4 trillion yuan (US$585 billion) stimulus package, which included more spending on nuclear power generation projects, was unveiled to weather the economic downturn.
Delivery will begin in 2013, the statement said.
Sandvik is one of only a small number of companies worldwide that are capable of producing the steam generator tubes used in nuclear plants.
Shanghai Electric Nuclear Power Equipment Co, a main equipment supplier to the nation's reactors, signed the deal with Sandvik.
China's nuclear sector is seeing a construction boom as the government aims to cut pollution caused by coal-fired generation. The sector also got a shot in the arm when a 4 trillion yuan (US$585 billion) stimulus package, which included more spending on nuclear power generation projects, was unveiled to weather the economic downturn.
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