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During Chinese President Xi Jinping's visit to the UK, two European nuclear power orders were won by Chinese companies
.
On October 21, China General Nuclear Power Group won a 33% stake in the Hinkley Point C nuclear power project in the UK for 6 billion pounds.
On October 22, CGN and Romania signed two new nuclear reactor projects
at the Chernavod Nuclear Power Plant.
The Hinkley Point C project in the UK uses French EPR technology, and the total investment is expected to reach 18 billion pounds, and Chinese companies such as CGN will bear about 6 billion pounds
.
CGN and EDF will account for 33.
5% and 66.
5% of the project, respectively, and will jointly fund the construction of two European pressurized nuclear power units
at Hinkley Point C nuclear power plant.
CGNPC's first participation in the construction of a nuclear power plant in a long-established nuclear power power station marks the recognition of China's Hualong No.
1 technology by developed European countries
.
The Romanian nuclear power project will be another project of China's nuclear power in EU countries after the China-UK nuclear power project
.
The Romanian National Nuclear Power Company and CGN will jointly build Chernavod Nuclear Units
3 and 4.
The memorandum of understanding between the two companies will be signed and finalized in November, with construction
starting two years later.
The memorandum stipulates that for the construction of Chernavod Units 3 and 4, Luo Nuclear Power Company will invest 2 million euros in the registered capital of the joint venture, accounting for 49% of the equity; The Chinese investor, CGN, accounted for 51%.
The two nuclear power orders won by CGN in Europe show the world the advanced technology of China's nuclear power, which will drive the equipment manufacturing industry to "go global", let Chinese manufacturing go abroad, enter the high-end energy market of EU countries, and further realize the radiation of China's nuclear power and new energy business to the periphery of Europe
.
During Chinese President Xi Jinping's visit to the UK, two European nuclear power orders were won by Chinese companies
.
On October 21, China General Nuclear Power Group won a 33% stake in the Hinkley Point C nuclear power project in the UK for 6 billion pounds.
On October 22, CGN and Romania signed two new nuclear reactor projects
at the Chernavod Nuclear Power Plant.
The Hinkley Point C project in the UK uses French EPR technology, and the total investment is expected to reach 18 billion pounds, and Chinese companies such as CGN will bear about 6 billion pounds
.
CGN and EDF will account for 33.
5% and 66.
5% of the project, respectively, and will jointly fund the construction of two European pressurized nuclear power units
at Hinkley Point C nuclear power plant.
CGNPC's first participation in the construction of a nuclear power plant in a long-established nuclear power power station marks the recognition of China's Hualong No.
1 technology by developed European countries
.
The Romanian nuclear power project will be another project of China's nuclear power in EU countries after the China-UK nuclear power project
.
The Romanian National Nuclear Power Company and CGN will jointly build Chernavod Nuclear Units
3 and 4.
The memorandum of understanding between the two companies will be signed and finalized in November, with construction
starting two years later.
The memorandum stipulates that for the construction of Chernavod Units 3 and 4, Luo Nuclear Power Company will invest 2 million euros in the registered capital of the joint venture, accounting for 49% of the equity; The Chinese investor, CGN, accounted for 51%.
The two nuclear power orders won by CGN in Europe show the world the advanced technology of China's nuclear power, which will drive the equipment manufacturing industry to "go global", let Chinese manufacturing go abroad, enter the high-end energy market of EU countries, and further realize the radiation of China's nuclear power and new energy business to the periphery of Europe
.
