The supply contract is pursuant to a follow-on contract signed with China Techenergy Co., Ltd. (CTEC), a joint venture by Hollysys and China Guangdong Nuclear Power Holding Co., Ltd. (China Guangdong).
Changli Wang, chief executive officer of Hollysys, commented: “We are pleased to commence supplying the 2nd batch of the Conventional Island automation and control products for the #1 and #2 reactors of the Ningde Nuclear power station, which is being built by our nuclear JV partner, China Guangdong Nuclear Power Holding Co. As China continues to implement the ambitious nuclear build-out plan with more emphasis on domestic components, we expect to leverage on our proprietary nuclear automation technology and strategic alliance with China’s largest nuclear operator to further establish Hollysys’ leading position in this area.”
The Ningde nuclear power station in Fujian province is designed to have six one-gigawatt pressurized water reactors using CGNPC’s proprietary CPR-1000 technology, with the total estimated cost at around $13 billion.
