State Nuclear Power Technology Corporation


State Nuclear Power Technology Corporation Limited is a Chinese state owned enterprise in nuclear power. The company develops nuclear technology and is one of the country's three operators of nuclear power plants.

History

SNPTC was formally created in May 2007 by the State Council with the mandate to adopt 3rd generation nuclear technology from foreign suppliers and to implement and manage nuclear power projects. The State Council was the primary contributor in establishment, contributing 60 percent of the initial investment capital with the other nuclear industry players China General Nuclear Power Group, China National Nuclear Corporation, , and China Power Investment Corporation, contributing 10 percent of the initial investment each. 2011, the share capital had increase from to, but CNTIC did not subscribed the capital increase. Before the 2015 merger of SNPTC with China Power Investment Corporation, the latter still retained the 10% stake., the other minority shareholders were China National Nuclear Corporation, China General Nuclear Power Group and CNTIC.
In 2015 SNPTC was merged with fellow state-owned enterprise China Power Investment Corporation. More precisely, the controlling stake of SNPTC was transferred to China Power Investment Corporation from the State-owned Assets Supervision and Administration Commission of the State Council. The new name of the nuclear and conventional electricity producer was State Power Investment Corporation
In 2015, it was also announced that China Power New Energy Development, a listed subsidiary of State Power Investment Corporation, will take over State Nuclear Power Technology Corporation. More precisely, China Power New Energy Development signed a MoU to acquire by issuing new shares to SNPTC an/or another SPIC's subsidiary China Power New Energy Limited. and SNPTC to sell their nuclear power assets and businesses.

Nuclear power plants

The company has a joint venture that is constructing 4 nuclear reactors, two located in sites Sanmen and Haiyang, with all units commencing operations by 2016 or 2017.

Footnotes