Analysis: China needs Western help for nuclear export ambitions




 
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Analysis: China needs Western help for nuclear export ambitions
 
December 17th, 2013  
News Manager
 

Topic: Analysis: China needs Western help for nuclear export ambitions


Analysis: China needs Western help for nuclear export ambitions
By David Stanway BEIJING (Reuters) - China's investment in Britain's 16 billion pound Hinkley Point project is its first foray into Europe's nuclear power market and a marker of its global ambitions, but its firms will depend on foreign partners if they are to fulfill them. China General Nuclear Power Group (CGN) and China National Nuclear Corporation (CNNC) plan to take a combined 30-40 percent stake in a consortium led by French utility EDF to build French-designed EPR reactors in southwest England. China has the world's largest nuclear building program at home and hopes to leverage this into a nuclear export industry. While China has already built reactors for its ally Pakistan, Hinkley Point is its first nuclear project in a developed country, and Beijing hopes the UK credentials will help promote its two nuclear giants on the global stage.




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