State Nuclear Power Technology Corporation Limited(abbreviationSNPTC) is a Chinese state-owned enterprise innuclear power.The company engages in the development ofnuclear technologyand is one of the country's three operators ofnuclear power plants.
SNPTC was formally created in May 2007 by theState Council[1]with the mandate to adopt 3rd generation nuclear technology from foreign suppliers and to implement and manage nuclear power projects.[citation needed]The State Council was the primary contributor in establishment, contributing 60 percent of the initial investment capital with the other nuclear industry playersChina General Nuclear Power Group,China National Nuclear Corporation,China National Technical Import and Export Corporation(CNTIC), andChina Power Investment Corporation,contributing 10 percent of the initial investment each.[1]2011, the share capital had increase fromCN¥4 billion to CN¥10 billion, 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. As of 31 December 2014[update],the other minority shareholders were China National Nuclear Corporation (10%), China General Nuclear Power Group (10%) and CNTIC (4%).[2]
In 2015 SNPTC was merged with fellow state-owned enterprise China Power Investment Corporation.[3]More precisely, the controlling stake (66%) of SNPTC was transferred to China Power Investment Corporation from theState-owned Assets Supervision and Administration Commissionof the State Council. The new name of the nuclear and conventional electricity producer wasState Power Investment Corporation
In 2015, it was also announced thatChina Power New Energy Development,a listed subsidiary ofState Power Investment Corporation,will take over State Nuclear Power Technology Corporation.[4]More precisely, China Power New Energy Development signed aMoUto acquire by issuing new shares to SNPTC an/or another SPIC's subsidiary China Power New Energy Limited.[nb 1]and SNPTC to sell their nuclear power assets and businesses.[5]
The company has a joint venture that is constructing 4 nuclear reactors, two located in sitesSanmenandHaiyang,with all units commencing operations by 2016 or 2017.[6]
In September 2020, China'sState Power Investment Corporationlaunched a design based on the WestinghouseAP1000for more widespread deployment consideration. It was given the name Guohe One, but it is also known as the CAP1400.[7]
^China Power New Energy Limited, a company which was incorporated in Hong Kong, is not the listed companyChina Power New Energy Development Limited,which was incorporated in Bermuda. China Power New Energy Limited is an indirect wholly owned subsidiary of China Power International Holding, in turn China Power International Holding is a wholly owned subsidiary ofState Power Investment Corporation,previously known asChina Power Investment Corporationbefore 2015 merger; China Power New Energy Limited, China Power International Holding were intermediate holding companies of the shares of the listed company.
^"Announcement"(PDF)(Press release). China Power New Energy Development. 30 December 2015.Retrieved1 July2018– via Hong Kong Exchanges and Clearing website.
^"China's NPPs make progress".Nuclear Engineering International.Progressive Trade Media. May 30, 2016.Retrieved1 July2018.
CN¥487 million (2016)
CN¥48.917billion(2016)
