CB&I, CPI power Engineering Company together building nuclear power plants

CB&I, CPI Power to build nuclear power plants in China

6:59 AM, 3rd October 2013
CB&I, CPI power Engineering Company new JV to start building nuclear power plants in China.

THE WOODLANDS, US: CB&I has signed an agreement with CPI Power Engineering Company Ltd, a subsidiary of China Power Investment Corporation (CPI), to form a joint venture to build nuclear power plants in China.

CB&I’s scope will include the provision of engineering, procurement, construction management, commissioning, project management and technical support services for new nuclear power plants planned and invested by CPI in China. CPI is one of the largest state-owned power generation companies and one of the three nuclear power plant owners and operators in China.

Since 2012, the State Council of China has approved construction of four new nuclear power plants and is expected to approve approximately 30 more nuclear power plants by 2020 to meet the nuclear power capacity stipulated in China’s Mid- and Long-term Development Plan for Nuclear Power.

“This new commitment with CPI will reinforce CB&I’s leadership position building next-generation nuclear power plants around the world. We are looking forward to continuing our relationship with CPI and contributing to China’s long-term nuclear power plans,” said Philip K Asherman, President and Chief Executive Officer, CB&I.

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