China is re-organizing and merging its nuclear companies in an effort to export its nuclear know-how globally.
China Power Investment Corporation and State Nuclear Power Technology Corp are officially going to merge, creating the behemoth State Power Investment Corporation, according to the SCMP.
Beijing also seems interested in merging China General Nuclear Power – China’s third largest player in the space – together with China National Nuclear Power, its former rival.
The drive to consolidate the nation’s nuclear energy corporations seems to stem from China’s ambition to export its own reactors overseas, with Beijing making it perfectly clear earlier this year that it would aid in the international expansion of its nuclear power firms.
How China plans to compete with France’s Areva as well as Russia’s Rosatom was not laid out, but as the SCMP points out, the initiative has already raised eyebrows among the nation’s trading partners, most of whom I imagine would be more than happy to quash the bid behind closed doors.
Photo credit: IAEA Imagebank via Flickr