3 Chinese state firms looking to build nuclear plants abroad

3 Chinese state firms looking to build nuclear plants abroaddaya_bay_cheungchifai.jpg

China’s expertise in building nuclear power plants is not widely known abroad. Photo: Cheung Chi-fai

State Nuclear Power Technology, one of three mainland state-owned firms seeking to build nuclear plants overseas, is keen to take a crack at opportunities in Brazil, Britain and South Africa, an official at its finance unit said.

Wang Henghai, deputy general manager of State Nuclear Power Finance, told the Asia Nuclear Business Platform conference last week the firm would consider a variety of financing options to help its potential customers in those countries.

“We hope to have a mixture of domestic and international funding, a mixture of equity and debt financing, and a mixture of government-based and market-based financing,” Wang said.

Kim Young-joon, a partner in the Hong Kong office of Milbank, Tweed, Hadley & McCloy and a member of the US law firm’s project finance group, said: “China has all the necessary ingredients for success in global nuclear power expansion. It has relatively strong operational safety records, strong government and deep capital resources.”

Read more here http://www.scmp.com/business/china-business/article/1439934/3-chinese-state-firms-looking-build-nuclear-plants-abroad

Source: scmp.com


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