State Nuclear Power Technology Corporation

State Nuclear Power Technology Corporation (abbreviated SNPTC) is a Chinese state owned enterprise in nuclear power. The company develops nuclear technology and is one of the country's three operators of nuclear power plants.

History

SNPTC was formally created in 2007 by the State Council 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 National Nuclear Corporation, China National Technical Import and Export Corporation (CNTIC), and China Power Investment Corporation, contributing 10 percent of the initial investment each.

n 2015, it was announced that China Power New Energy Development Company Limited will take over State Nuclear Power Technology Corporation.^[1]

Nuclear power plants

The company has a joint venture that is constructing 4 nuclear reactors, two located in sites Sanmen and Haiyang, with all units commencing operations by 2016 or 2017.^[2]

References

1. Ren Wei (2015-12-30). "Shares in nuclear power company formerly run by ex-premier Li Peng's daughter surge 20 per cent in wake of her resignation". South China Morning Post. Retrieved 2016-10-18.
2. "China's NPPs make progress". Nuclear Engineering International. May 30, 2016.