At 15:30 pm on September 4th, the first fuel loading of Hualong No. 1 in the world’s first reactor of China National Nuclear Corporation's Fuqing Nuclear Power Unit 5 officially started. With the smooth entry of the first group of fuel assemblies into the reactor, it marked the unit’s entry into the main system with nuclear power. During the commissioning phase, an important step was taken towards completion and commissioning.
Also this afternoon, the Ministry of Ecology and Environment issued the Fuqing Nuclear Power Unit 5 operation license to China National Nuclear Corporation (hereinafter referred to as "China National Nuclear Corporation") Fujian Fuqing Nuclear Power Co., Ltd. in Beijing. Previously, China National Nuclear Corporation's Fuqing Nuclear Power 1-4 Unit No. has been put into commercial operation on September 17, 2017. The four units have accumulated more than 130 billion kilowatt-hours of power generation, which is equivalent to reducing standard coal consumption by 40.32 million tons and reducing carbon dioxide emissions by 10544 compared with fossil energy of the same scale. 10,000 tons, equivalent to 293,000 hectares of tree planting.
On September 2, the State Council’s executive committee reviewed and approved the Hainan Changjiang Nuclear Power Phase II project and the Zhejiang San’ao Nuclear Power Phase I project in which private capital invested for the first time. The effective total investment of the two projects exceeded 70 billion yuan, which will drive a large number of jobs.
Among them, the second phase of the Hainan Changjiang Nuclear Power Project is located in Haiwei Town, Changjiang County, Hainan Province. It is jointly funded and constructed by China National Nuclear Corporation and Huaneng Group. Huaneng Group holds 51% and China National Nuclear Corporation holds 49%. The first phase of Zhejiang Sanao Nuclear Power Project is located in Wenzhou, Zhejiang Province. San'ao Village, Xiaguan Town, Cangnan County, Cangnan County, the project is controlled by China General Nuclear Power Corporation and is the first nuclear power project with private capital.
China Huaneng Group Co., Ltd. Hainan Changjiang Nuclear Power Phase II project approval application marks that Huaneng has officially become my country's fourth nuclear power group with the qualification to hold large-scale pressurized water reactor projects, and has officially entered the nuclear power field as a dominant player.
Previously, only China General Nuclear Power Group, China National Nuclear Corporation, and State Power Investment Group have the status of large-scale nuclear power plant owners and can obtain controlling rights in nuclear power plant projects. Other power companies can only join through equity participation, and Huaneng Group is holding Entering with the identity of Fang, or playing a role as a pathfinder for other power companies that want to obtain a "nuclear power license" and enter the nuclear power field.
At the same time, 4 units have been approved this time, and many nuclear power projects have been approved one after another, which means that domestic nuclear power construction has begun to restart steadily.
Chuancai Securities analyst Sun Can said in a research report that Hualong No. 1 is expected to become the main force in promoting nuclear power investment to become the main force of incremental investment in China's energy sector in the future after the integration of the two cores.
Guosheng Securities analyst Wang Lei believes that orders for the nuclear power sector have clearly recovered. With the liberalization of nuclear power approvals, if 6-8 new units are approved each year, the nuclear power sector is expected to welcome the 100 billion market.
Since the beginning of this year, the new orders of nuclear power industry chain companies have increased significantly. Shanghai Electric's new orders for nuclear power equipment in the first half of 2020 were RMB 2.69 billion, a year-on-year increase of 244.8%; Jiangsu Shentong's new orders for nuclear power division in the first half of 2020 were 278 million yuan , An increase of 71% year-on-year.
Based on the current investment of 15-20 billion yuan per unit of nuclear power, if 6-8 units are approved each year, it will bring about 90-160 billion yuan/year of market space, and the nuclear power industry chain is expected to usher in an accelerated recovery.
Author: Julia Ling Hu tranquil