Hollysys Automation Technologies, Ltd. (Hollysys) has signed a contract with China Techenergy Co., Ltd. (China Techenergy) to supply its proprietary conventional island automation and control products to Ningde nuclear power station. The contract is valued at $2.25 million which is the first batch of a series of product supply contracts granted to Hollysys for Ningde nuclear power station project.
China Techenergy is a 50-50 joint venture by Hollysys Automation Technologies and China Guangdong Nuclear Power Holding Co., Ltd. (CGNPC).
Hollysys is contracted to supply its proprietary conventional island nuclear automation and control products for #1 and #2 reactors of Ningde Nuclear power station. The Ningde nuclear power station in Fujian province is funded and constructed by a consortium of power corporations led by China Guangdong Nuclear Power Holding Co. The plant is built to have six one-GW pressurized water reactors using CGNPC’s proprietary CPR-1000 technology, with the total estimated cost at around $13 billion.
Changli Wang, chief executive officer of Hollysys, commented, “It is another testament to Hollysys’ leading position in China’s nuclear automation and control field to supply our automation and control products for the conventional island of Ningde nuclear power station. We expect to see continuous flow of contracts to supply our proprietary conventional island nuclear automation and control products to the nuclear power stations built by China Guangdong Nuclear Power Holding Co. With our strategic alliance in place with the leading nuclear operator in China, Hollysys will continue to capture its fair share in China’s nuclear build-out in the next decade.”
Qian Zhimin, chairman of CGNPC, also commented, “The nuclear station automation and control system is a pivotal component to nuclear station, as the brain and nerve system is to the human body. We are very pleased that the localization degree for Ningde Nuclear project will achieve a breakthrough for all GW-level nuclear stations in China. The proportion of domestic components for #1 and #2 reactors is expected to account for 75%.”
Another comment from government senior official Zhang Guobao further validated the milestone achieved in China’s nuclear development through Ningde project. In the equipment procurement signing ceremony held in July, 2009, Zhang commented, “China Guangdong Nuclear Power Holding Corporation has played an important role in China’s progress in localizing nuclear technology and increasing nuclear electricity generation.” Zhang is the Deputy Director of China’sNational Development and Reform Commission, and also the General Secretary of the National Energy Bureau in China.Hollysys Automation Technologies, Ltd. (Hollysys) has signed contract China Techenergy Co., Ltd. (China Techenergy) to supply its proprietary conventional island automation and control products to Ningde Nuclear Power Station. The contract is valued at $2.25 million which is the first batch of a series of product supply contracts granted to Hollysys for Ningde Nuclear Power Station project.