August 12, 2008
EDF, CGNPC Create JV to Construct and Operate EPRs in China
French electricity generation major EDF and the China Guangdong Nuclear Power Holding Company have signed the final agreements for the creation of the Guangdong Taishan Nuclear Power Joint Venture Company, to construct and operate two European pressurized water reactor nuclear power stations modeled on EDF's existing reactor at Flamanville in Normandy, France, at Taishan in the Chinese province of Guangdong.
EDF will hold 30% of Guangdong Taishan Nuclear Power Joint Venture Company (TNPC) for a period of 50 years, which is the maximum permitted for a joint venture in China.
The first unit is expected to be commissioned at the end of 2013 and the second will go on line in 2015. At the height of construction work, over 60 EDF experts will be on-site at Taishan.
Concurrent to the creation of the joint venture, the two groups also concluded a technical assistance contract under which EDF will share its know-how by providing skilled personnel and technical documentation.
Pierre Gadonneix, EDF's chairman and CEO, said: "These agreements strengthen a position of 25 years in China in partnership with several Chinese operators, in particular the China Guangdong Nuclear Power Holding Company. Through this stage, EDF further implements its strategy to be a leader in nuclear energy revival worldwide, as an investor and an operator, possibly beside local operators."