A framework joint venture (JV) agreement has also been signed between China National Nuclear Corporation (CNNC) and Candu Energy for the construction of Advanced Fuel CANDU Reactor (AFCR) projects in China.
The JV will also develop opportunities for it globally.
Candu Energy president and CEO Preston Swafford said: "Taken together, the MOU, framework JV and positive recommendation by a Chinese expert panel represents a new level of cooperation between Canada and China in the next wave of nuclear energy innovation.
"We look forward to working closely with CNNC in the development and pursuit of nuclear power generation projects in China and abroad using the new AFCR technology."
"If successfully rolled out, both Canada and China stand to benefit enormously from the creation of high-value added jobs, services and advanced manufacturing opportunities."
