China National Nuclear Corporation

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China National Nuclear Corporation
Native name
 中国核工业集团公司
State-owned
Industry Nuclear technology
Predecessor Ministry of Nuclear Industry
Founded 1955
Headquarters Beijing, China
Key people
 Sun Qin (President)[1]
Products Nuclear weapons, nuclear power generation
Number of employees
 100,000[2]
Subsidiaries China Nuclear International Uranium Corporation
Website www.cnnc.com.cn

The China National Nuclear Corporation (CNNC; Chinese: 中国核工业集团公司; pinyin: Zhōngguó Hé Gōngyè Jítuán Gōngsī) is a state-owned entity founded in 1955 in Beijing.[3] CNNC's president and vice-president are appointed by the Premier of the State Council. However the CNNC is a self-supporting economic corporation, not a government administrative body. It oversees all aspects of China's civilian and military nuclear programs. According to its own mission statement, it "combines military nuclear weapons production with civilian production, taking nuclear industry as the basis while developing nuclear power and promoting a diversified economy." CNNC is a nationwide industrial conglomerate integrating science, technology, industry, and international trade.[2][citation needed]

The CNNC is the successor[clarification needed] to the Ministry of Nuclear Industry which built China's first atom bomb, hydrogen bomb and nuclear submarine.[citation needed] It functioned as a government bureau for the national nuclear industry and reported directly to the State Council. It oversaw China's nuclear-related corporations, manufacturers, institutions, research institutes, and plants, including those related to nuclear weapons. It was responsible for the design and operation of nuclear power plants; nuclear fuel production and supply, including the processing of natural uranium, uranium conversion and enrichment, fuel assembly fabrication, spent fuel reprocessing, and nuclear waste disposal.[citation needed]

Operations

As of 2014 CNNC has 100,000 employees and 110 subsidiaries. It has 4 nuclear power plants (Fuqing, Fangjiachan, ?? & ??) with 9 reactors in operation with a generation capacity of 6.5 GWe, with a further 12 reactors under construction.[3]

Kang Rixin, a senior general manager is currently being investigated (as of August 10, 2009) for $260 million that was earmarked for the construction of three nuclear plants and allegedly used the funds for the stock market sustaining heavy losses. He is also accused of accepting bribes from a foreign company that intended to build nuclear power stations in China.[4][5]

Recent news

In June 2015, CNNC announced it would aim to raise 13.19 billion Chinese yuan in an initial public offering, that if successful, would be the largest in China in almost four years previously.[6] Consequently, as of June 2015 it ranks no. 9 of Chinese companies for long term borrowings, which are over 67% of its market cap at that time.[7]

Pressurized Water Reactor

Since 2011 CNNC has been progressively merging its ACP1000 nuclear power station design[8] with the China General Nuclear Power Group (CGNPG) ACPR1000 design, while allowing some differences, under direction of the Chinese nuclear regulator. Both are three-loop designs originally based on the same French design, but now have different nuclear cores.[9] The first two ACP1000 uints will be built at Fuqing Nuclear Power Plant.[8]

In early 2014 it was announced that the merged design was moving from preliminary design to detailed design. Power output will be 1150 MWe, with a 60-year design life, and would use a combination of passive and active safety systems with a double containment. Initially the merged design was to be called the ACC1000,[10][11][12] but ultimately it was named Hualong One or Hualong-1. In August 2014 the Chinese nuclear regulator review panel classified the design as a Generation III reactor design, with independently owned intellectual property rights.[13][14]

The first units to be constructed will be Fuqing 5 and 6, Fangjiashan 3 and 4, and a build has been proposed in Argentina.[15][16][17]

See also

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ BBC News - Beijing airport ex-head executed
  5. ↑ China’s Rapid Reactor Expansion Raises Concerns KEITH BRADSHER, Published: December 15, 2009
  6. ↑ http://www.reuters.com/article/2015/06/01/us-china-national-nuclear-ipo-idUSKBN0OH13B20150601, China National Nuclear aims to raise $2.13 billion in largest IPO since 2011, Reuters, 31 May 2015
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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