Domestic

China National Nuclear seeks to build reactor in Argentina

(Agencies)
Updated: 2010-07-15 16:00

China National Nuclear Corp, the country's biggest builder of reactors, is seeking to construct a nuclear plant in Argentina as the company expands overseas.

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State-run China National Nuclear will place a bid to build Argentina's fourth atomic plant, President Sun Qin said at a conference in Shanghai today. He didn't provide further details.

China's emergence as an exporter of nuclear power equipment would increase competition for Areva SA and General Electric Co, who were beaten in December to a $20 billion order in the Middle East by a group led by Korea Electric Power Corp. Chinese suppliers may make "a big breakthrough" in overseas expansion in one to two years, Sun said on March 5.

China National Nuclear and China Guangdong Nuclear Power Group are already in discussions with potential overseas customers, Sun said then, without elaborating.