State Nuclear Power Technology Corporation
| Company type | State-owned enterprise |
|---|---|
| Industry | Nuclear power |
| Founded | May 2007 |
| Founder | State Council of China |
| Headquarters | China |
Area served | China |
| Owner | State Council of China (initially), later China Power Investment Corporation (majority controlling interest) |
| Parent | State Power Investment Corporation (after 2015 merger) |
State Nuclear Power Technology Corporation Limited (abbreviation SNPTC) is a Chinese government-owned company focused on nuclear power. It engages in the advancement of nuclear technology and ranks among the three principal operators of nuclear power plants in China.
History
Founded in May 2007 by the State Council, SNPTC was tasked with acquiring third-generation nuclear technology from international providers and overseeing nuclear power initiatives. The initial funding structure consisted of 60% capital from the State Council, while China General Nuclear Power Group, China National Nuclear Corporation, China National Technical Import and Export Corporation (CNTIC), and China Power Investment Corporation (currently SPIC) each supplied 10%. By 2011, the company's share capital rose from to , although CNTIC did not participate in this increase. As of December 2014, minority ownership included China National Nuclear Corporation (10%), China General Nuclear Power Group (10%), and CNTIC (4%).
In 2015, SNPTC merged with the state-owned China Power Investment Corporation, resulting in a transfer of a 66% controlling interest from the State Council's State-owned Assets Supervision and Administration Commission to China Power Investment Corporation. Following this consolidation, the combined organization was renamed State Power Investment Corporation. That same year, China Power New Energy Development—a publicly traded subsidiary of SPIC—entered into a Memorandum of Understanding to acquire SNPTC by issuing new shares. This arrangement entailed SNPTC and/or another SPIC subsidiary divesting their nuclear power assets and operations to China Power New Energy Development.
Nuclear power plants
SNPTC participates in a joint venture responsible for constructing four nuclear reactors located at Sanmen and Haiyang, with all reactors expected to commence operation by 2016 or 2017.
Reactor designs
In September 2020, the Guohe One reactor design was introduced by China's State Power Investment Corporation. This design is derived from the Westinghouse AP1000 model, also referred to as the CAP1400, and aims for wider implementation.