China Guangdong Nuclear Corp (GGN), one of the country's largest nuclear companies, changed its name to China General Nuclear Corp. to broaden its brand image outside of China and its home base of Guangdong, news agency Xinhua reported via China Daily.
The Beijing-based Westinghouse joint venture, called SNPTC-WEC Nuclear Power Technical Services, extends a partnership in which Westinghouse and SNPTC are building four nuclear reactors in China - the first four in the world for Westinghouse's "passively cooled" AP-1000 reactor - and in which Westinghouse has transferred technology to China.
The new company aims to build up the supply chain of AP1000 nuclear plant equipment by qualifying suppliers who would sell both within China and globally.
Global aspirations motivated the name change at CGN, which people had "wrongly believed to be a provincial-level firm," Xinhua wrote. "The company still takes Guangdong as its base camp, while reaching out to the global market," spokesman Hu Guangyao said.
South Africa marks a potential landing spot for CGN, as the South African government has proposed a new nuclear program; thus, the three-company pitch from China this week.
China operates 17 nuclear reactors at home today and is currently building 28 reactors domestically. According to the World Nuclear Association, its combined total of domestic reactors either under construction, planned or proposed is around 150 - more than a third of the 435 nuclear reactors presently operating commercially around the world.