China, Russia Sign $3.6b Nuclear Deal
China, Russia Sign $3.6b Nuclear Deal

China, Russia Sign $3.6b Nuclear Deal

China, Russia Sign $3.6b Nuclear Deal

China National Nuclear Power Company said on Sunday two deals signed with Russian state nuclear company Rosatom for the construction of four nuclear power units in China were worth a combined $3.62 billion. Rosatom said on Saturday it would construct two units each at the Xudabao and Tianwan nuclear plants, Reuters reported. All four units will feature Russia’s latest Gen3+ VVER-1200 reactors. The reactors and all other equipment will be developed and supplied by Russia. Rosatom did not provide an estimate of the cost. China National Nuclear Power Company said in a filing to Shanghai Stock Exchange that the framework contracts will go into effect after the approval of both Chinese and Russian authorities. The four units were expected to be equipped with China-made nuclear steam turbine generators. According to International Energy Agency Executive Director Fatih Birol, there are about 60 nuclear power plants under construction and more than one-third of them are in China, declaring that China will soon overtake the United States as the top nuclear power.


Short URL : https://goo.gl/vW3hnH
  1. https://goo.gl/MRQJ9U
  • https://goo.gl/WqwvrM
  • https://goo.gl/Ym3w6x
  • https://goo.gl/W7noqK
  • https://goo.gl/JiHDDw

You can also read ...

Sweden Approves Nord Stream 2 Pipeline
While Denmark is yet to give permission for the Nord Stream 2...
Chinese Tariffs Will Crimp American Shale Production
China’s proposed tariffs on US petroleum imports, part of a...
India Sees $55-60 Oil Price Reasonable
India, the world’s third-largest oil consumer, expects a...
NIOC Plans to Increase Oilfield Capacity
National Iranian Oil Company plans to increase the production...
OPEC reached an agreement with Russia in 2016 to keep 1.8 million bpd off the market.
Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016...
Sixfold Rise in Zanjan Petrochem Plant Capital
Zanjan Petrochemical Complex’s registered capital has...
Renewable Power Plants' Dues Settled in Full
The state-run Renewable Energy Organization of Iran, aka SUNA...

Add new comment

Read our comment policy before posting your viewpoints