China planned to form JV to develop overseas market for third-generation nuclear reactor Hualong 1
As per the announcement, the plan has been passed on to the authorities and a coordination meeting will be held soon, and the joint venture will be set up before the end of 2015.
China's top two nuclear power companies, China General Nuclear Power Group (CGN) and China National Nuclear Corporation, on 22 October 2015 announced that they plan to combine their technologies in the country's flagship third-generation reactor Hualong 1.
The decision to set up a company was taken to reduce competition in exporting Hualong 1 into overseas markets.
As per the announcement, the plan has been passed on to the authorities and a coordination meeting will be held soon. The joint venture will be set up before the end of 2015.
Both the companies jointly started the Research & Development of Hualong 1 in 2013 based on their respective technologies, and the general plan passed inspection by a national expert panel in August 2013.
In 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 will use a combination of passive and active safety systems with a double containment.
Initially, the merged design was to be called the ACC1000. However, it was later decided that it will be called as Hualong One or Hualong-1.
In August 2014, the Chinese nuclear regulatory review panel classified the design as a Generation III reactor design, with independently owned intellectual property rights.
In May 2015, construction on the first pilot project using Hualong 1 technology started in Fuqing, southeast China’s Fujian Province.
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