The shareholders of Chinese coal miner Wintime Energy have approved its proposed investment in Hinkley Point C – EDF and China General Nuclear’s project to build two European Pressurised Water reactors (EPRs) in Somerset, England. Wintime Energy, known as Wing Tai Energy in Chinese, announced its plan to invest up to three billion yuan ($440 million) in HPC through a wholly owned subsidiary of New Energy, Huayuan New Energy, on 13 December. In a statement on 31 December, Shanxi-based Wintime said the agreement between China Guangdong Nuclear Power, China Nuclear Power, Yongtai Energy and Huayuan New Energy had been approved at an extraordinary shareholders meeting three days earlier by representatives of China Nuclear Power, Zhongtai Holding, Yongtai Energy, Huayuan New Energy and Yi Sheng Company. The agreement was published at the Shanghai Stock Exchange on 13 December, it added. In November, Wintime and China General Nuclear signed a framework agreement to form a partnership aimed at developing nuclear power and other clean energy projects worldwide. The two companies will initially develop two AP1000 units at Lufeng in China’s Guangdong province. EDF plans to invest £12 billion in Hinkley Point C and its Chinese partner CGN committed at the end of 2015 to invest £6 billion. Under a Strategic Investment Agreement announced in October that year, EDF’s share in the project will be 66.5% and CGN’s will be 33.5%.
World Nuclear News 3rd Jan 2017 read more »