State Nuclear Power Technology Corporation Limited (abbreviation SNPTC) is a Chinese state-owned enterprise in

nuclear power Nuclear power is the use of nuclear reactions to produce electricity. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion reactions. Presently, the vast majority of electricity from nuclear power is produced b ...

. The company engages in the development of

nuclear technology Nuclear technology is technology that involves the nuclear reactions of atomic nuclei. Among the notable nuclear technologies are nuclear reactors, nuclear medicine and nuclear weapons. It is also used, among other things, in smoke detectors an ...

and is one of the country's three operators of

nuclear power plant A nuclear power plant (NPP) is a thermal power station in which the heat source is a nuclear reactor. As is typical of thermal power stations, heat is used to generate steam that drives a steam turbine connected to a electric generator, generato ...

History

SNPTC was formally created in May 2007 by the

State Council State Council may refer to: Government * State Council of the Republic of Korea, the national cabinet of South Korea, headed by the President * State Council of the People's Republic of China, the national cabinet and chief administrative auth ...

with the mandate to adopt 3rd generation nuclear technology from foreign suppliers and to implement and manage nuclear power projects. The State Council was the primary contributor in establishment, contributing 60 percent of the initial investment capital with the other nuclear industry players

China General Nuclear Power Group China General Nuclear Power Group (CGN) (), formerly China Guangdong Nuclear Power Group (), is a Chinese state-owned energy corporation under the SASAC of the State Council. In China, CGN operates nuclear plants at Daya Bay Nuclear Power Plan ...

China National Nuclear Corporation The China National Nuclear Corporation (CNNC; ) is a state-owned enterprise founded in 1955 in Beijing. CNNC's president and vice-president are appointed by the Premier of the People's Republic of China. CNNC oversees all aspects of China's c ...

, (CNTIC), and

China Power Investment Corporation China Power Investment Corporation also known as CPI Group was one of the five largest state-owned electricity producers in mainland China. It was administrated by the State-owned Assets Supervision and Administration Commission (SASAC) of the ...

, contributing 10 percent of the initial investment each. 2011, the share capital had increase from to , but CNTIC did not subscribed the capital increase. Before the 2015 merger of SNPTC with China Power Investment Corporation, the latter still retained the 10% stake. , the other minority shareholders were China National Nuclear Corporation (10%), China General Nuclear Power Group (10%) and CNTIC (4%). In 2015 SNPTC was merged with fellow state-owned enterprise China Power Investment Corporation. More precisely, the controlling stake (66%) of SNPTC was transferred to China Power Investment Corporation from the

State-owned Assets Supervision and Administration Commission The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of variou ...

of the State Council. The new name of the nuclear and conventional electricity producer was

State Power Investment Corporation State Power Investment Corporation Limited (abbreviation SPIC) is one of the five major electricity generation companies in China. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Tec ...

In 2015, it was also announced that

China Power New Energy Development China Power Clean Energy Development (CPNED), formerly China Power New Energy Development Company Limited (CPNE) and Oriental Investment, is a Chinese renewable energy company established in 2006 and listed on the Hong Kong Stock Exchange. It ope ...

, a listed subsidiary of

, will take over State Nuclear Power Technology Corporation. More precisely, China Power New Energy Development signed a MoU to acquire by issuing new shares to SNPTC an/or another SPIC's subsidiary China Power New Energy Limited.China Power New Energy Limited, a company which was incorporated in Hong Kong, is not the listed company China Power New Energy Development Limited, which was incorporated in Bermuda. China Power New Energy Limited is an indirect wholly owned subsidiary of China Power International Holding, in turn China Power International Holding is a wholly owned subsidiary of

,previously known as

before 2015 merger; China Power New Energy Limited, China Power International Holding were intermediate holding companies of the shares of the listed company. and SNPTC to sell their nuclear power assets and businesses.

Nuclear power plants

The company has a joint venture that is constructing 4 nuclear reactors, two located in sites Sanmen and

Haiyang Haiyang (), a coastal city in Shandong province in eastern China, located on the Yellow Sea (southern) coast of the Shandong Peninsula. It is a county-level city under the administration of the prefecture-level city of Yantai. Haiyang's claim t ...

, with all units commencing operations by 2016 or 2017.

Reactor designs

In September 2020, China's

launched a design based on the Westinghouse

AP1000 The AP1000 is a nuclear power plant designed and sold by Westinghouse Electric Company. The plant is a pressurized water reactor with improved use of passive nuclear safety and many design features intended to lower its capital cost and improve ...

for more widespread deployment consideration. It was given the name Guohe One.

Footnotes

References

External links

* {{authority control Nuclear power companies of China Nuclear technology companies of China Government-owned companies of China Companies based in Beijing Energy companies established in 2007 2007 establishments in China