Trillion yuan nuclear power interest chain: equipment business leader

Lai Smart Investor newspaper (reporter Rai Zhihui) reading research materials, conceived project ideas, frequent visits to corporate visitors, but also in the provinces and back and forth, Anhui Provincial Development and Reform Commission responsible for nuclear power project planning, Mr. Xu has been busy at times to eat.　　However, he was temporarily relieved before the Dragon Boat Festival. May 27, Anqing Nuclear power Project Site Selection Report review, Anqing nuclear power plant successfully passed the review. The two nuclear projects in Wuhu and Jiyang were officially unveiled last October and February of this year, and four nuclear power projects in Anhui Province came into the real phase after the three selection of Xuancheng nuclear power project was finalized.　　Mr. Xu is enthusiastic in his busy life.　　Mr. Xu's work and the construction of nuclear power plant in Anhui have a typical benchmark significance, is the current transformation of China's energy structure, increase nuclear power investment in the epitome of the era, but also a symbol of China's nuclear power investment station from quantitative to qualitative change, from the coastal to inland.　　The NDRC is revising the "medium and long term development plan" for the original nuclear power development objectives made a major change, to 2020 nuclear power installed capacity from the previous 40 Million-kilowatt to 75 Million-kilowatt, the total installed ratio from the previous 4% liters to 5%. From the perspective of industrial investment, the national Development and Reform Commission deputy director Zhang has been based on nuclear power construction to stimulate domestic demand also calculated a sum: "If the new 100 Million-kilowatt, is 150 billion U.S. dollars, equivalent to nearly 1 trillion yuan, according to past experience, half of the equipment costs, this is extremely."　　"Equipment manufacturers in the distribution of industrial interests in the first."　　At the press conference of the State Council on June 1, Sun Qin, deputy director of the National Energy Bureau, said that planning was not only a question of "quantity", but also an emphasis on "quality", with the implementation of nuclear power development plan, China's nuclear power will enter the stage of independent development by 2020. There will be 21 provinces in the country to carry out prophase site selection work.　　Anhui has begun in advance, May 17 ~ 22nd, a group of experts rushed to Xuancheng, Datang Group Xuancheng Nuclear power Project site universal suffrage work, and signed an intent agreement.　　Now, this close to the Yangtze River, rich water, and not the richest inland provinces, the nuclear group, China and the nuclear power companies such as nuclear power operators qualified to the nuclear giants, but also attracted Huaneng, Datang and so on to strive for qualification side of the large power generation group to come to layout.　　Cake 1 time times, 21 provinces and cities for Mr. Xu's experience is that a nuclear power battle is about to be staged. Last year's rise in oil prices triggered extreme worries about fossil energy prices, and the power industry's coal-power battle, combined with the rain and snow disaster early last year, prompted the government to realize the risks of long-distance coal transport and electricity delivery.　　Moreover, coal electricity pollution, wind power and solar energy is difficult to meet demand, inland nuclear power is therefore highly valued. The investor newspaper recently learned from the state Energy Bureau's power division that by 2020 the total investment in new energy was more than 3 trillion yuan, of which nuclear power invested more than 1 trillion yuan. In response to this, the NDRC is revising the "medium and long term nuclear power development plan", compared to the original goal of a larger upgrade. By 2020, nuclear power installed capacity from the previous 40-kilowatt becomes more than 75 Million-kilowatt and nearly doubles. At a press conference held by the State Council press office on June 1, Sun Qin, deputy director of the National Energy Bureau, confirmed the above view, "2020 nuclear power accounted for 5% of the national power installed capacity more appropriate." Han Xiaoping, CEO of China Energy Network, said that the surface was only increased by 1%, but it is a great big number to quantify the national installed capacity.　　The 2020 national total installed capacity will reach 1.5 billion-kilowatt, corresponding to 5% of the proportion of just 75 million-kilowatt, compared with the original plan of 40 Million-kilowatt, a significant increase of 87.5%. At present, China's nuclear power installation is only 9 Million-kilowatt, nuclear generating capacity accounted for only 2%, in 30 nuclear power countries ranked last. Sun Qin said that by 2020, the nuclear capacity will be increased from 2% to 7%~8%, "the world's nuclear power ratio will increase, which also shows that China's nuclear power development is very large space." Han Xiaoping that the plan is still conservative.　　According to South Korea, China will need 1.2 Billion-kilowatt of the installed capacity in the future, of which 800 million-kilowatt of the coal power installed capacity, 200 million-kilowatt of hydropower, wind power and other energy, the remaining 200 Million-kilowatt new energy installed vacancies need nuclear power to supplement. Mr Xu also believes that this is a rare opportunity to develop a local economy. Take a third generation of technology as an example, the construction of a unit needs 350,000 cubic meters of cement concrete, steel and embedded parts 46,000 tons, steel structure 25,000 tons, cable 427,000 meters, the relevant industry pull effect significantly.　　So Xuancheng, Anqing Local government also strongly agree. For the planning time, Sun Qin said that the planning has yet to be improved, and then to report to the leadership group and the State Council for consideration.　　But the energy Bureau of the Electricity department related personage discloses, this year clearly wants to build 8 nuclear power plants, involves the capital 450 billion yuan, the country already has 21 provinces will carry on the prophase location work. The three Giants "inland nuclear war", China and the Guangdong nuclear Power "planning" promulgated less than two years to amend, reflecting the development of our country's huge demand and potential for nuclear energy.　　Mr. Xu's data show that at present, the country has approved the construction of the number of reactors has reached 24, is 24 years to build twice times the total capacity of 25.4 Million-kilowatt, another 9 nuclear power unit construction of the preliminary work is in intensive development. In this feast, the most beneficial when the nuclear, medium and large nuclear, China power investment, the only three companies with domestic access to nuclear power development qualifications. All nuclear power projects need to be controlled by the three major investment entities, and other investors can only have a small share of equity. In addition to Anhui Province, more inland provinces such as Hubei, Hunan and Jiangxi have put forward the provincial nuclear power planning with the development of a larger scale nuclear power project.　　The three nuclear giants have also launched an early battle for the Inland nuclear war. In Anhui Province, both the central and the nuclear-and China-Canton nuclear has already begun a scramble. Mr. Xu recalls that at the outset, two companies were looking for them to co-operate, sending people to local locations.　　In the end, both hands have a harvest. China-Canton Nuclear Group Holdings formed the Wuhu nuclear power project located in the South bank of the Yangtze River in Fanchang County, planning and construction of 4 unitsMillion-kilowatt pressurized water reactor nuclear power units, the total investment of more than 60 billion yuan, completed after the generation of about 30 Billion-kilowatt.　　The first phase of the Wuhu nuclear power plant is expected to be available on October 1 this year with the conditions for watering the concrete, which is expected to be commissioned in 2014 and 2015 respectively. China nuclear group won the Anhui Jiyang Nuclear power Project, and the formation of Jiyang Nuclear Power Co., Ltd., February 25 this year held an unveiling ceremony, and with Anhui Wan-Energy Co., Ltd. signed the nuclear power project in Anhui Jiyang investment agreement. According to the plan, Jiyang nuclear power project planning capacity for the 4X1000MW-class nuclear power units, the first phase of the construction of 2X1000MW-level PWR nuclear power units.　　The first phase of the project two units planned in January 2010, September 2010 started construction, respectively, in January 2015, September 2015 into commercial operations. As Guangdong is the key province of the Prophase nuclear power program, the nuclear power project is more, the medium and broad core has gained the upper hand and is making the first "nuclear power zone" in China. "In the Taishan, Yangjiang, Shanwei, Lufeng and Ling O Two and other nuclear power projects, nuclear power investment for the first time over the firepower, to invest 176.6 billion yuan."　　"The French power company's Asia Pacific region, with the China-Canton nuclear Cooperation, said. In the early stages of competition with the China-Canton nuclear race, the central and Chinese power companies have been slightly downwind, and two of them are eager to bear fruit on their inland nuclear power plants, so the battle for the inland is fiercer.　　From the current progress, the country's first inland nuclear power plant, is likely to be nuclear investment in the Peach River Nuclear power plant. Previously, China Electric investment in Hubei big fan nuclear power plant has been approved, if the small Mexican Mountain project approved, the CLP will win the opportunity. CLP is the only five power generation group has the qualification of nuclear power, because the power system reform to undertake the original state power company's nuclear assets, making the CLP in the five power generation group to become the leader in the field of nuclear power.　　At present, the CLP has started the prophase work of the nuclear power projects in Guangxi, Anhui, Hubei, Hunan, Chongqing and Jilin. Electric Enterprise Layout Competition qualification look at the bottom of the thermal power partners in the last of the CLP in the nuclear field to do a good job, the other four power generation groups are also unable to sit still.　　While running the NDRC, to obtain nuclear power development qualification, do not want to be satisfied with the fate of the shares of nuclear power projects, while running inland provincial governments, to advance the layout of nuclear power projects. With no qualification there is no holding power, so other power investment enterprises, including the remaining four power generation groups are struggling to enter the field of nuclear power investment. According to sources inside the energy Bureau, Nuclear power is not like thermal, government guard strict, will not let loose, but with the introduction of new nuclear power, may be relaxed, "the four Power generation group of the background and strength, once the issuance of qualifications, may be the first winners, especially the comprehensive strength ranked in the former Huaneng and Datang." "This year, Datang group set up a nuclear power department, with the Group of nuclear power industry, the parties to speed up the development of nuclear power to give a high priority." "It's better to be a shareholder than a missed opportunity," he said. "This is the previous Datang Group A market personage accepts the investor newspaper"said in an interview. Mr. Xu introduced, April 28, Datang Group and Xuancheng signed a Nuclear power development project agreement, will invest 40 billion yuan in the construction of a nuclear power plant in Xuancheng, and Huaneng Group, has been the first step in the layout of Anhui. February 21 this year, the Anqing government, Huaneng nuclear power development Company, China Nuclear Energy technology company signed the "Cooperative Development and construction of Anqing nuclear power project meeting minutes", since then the technical staff to anqing for on-site reconnaissance, and completed the Anqing Nuclear power Project planning Location report.　　May 27, Huaneng Anqing nuclear power Project planning Site Selection Report review will be held in Anqing, Anqing nuclear power plant successfully passed the review. In other areas, Huaneng and Datang constantly shot, Shandong Rongcheng Shidao Bay Project is the round of the country to expand domestic investment Plan a focus, by Huaneng, Central and Tsinghua University co-financing construction, with complete independent intellectual property rights, the national Development and Reform Commission attaches great importance to the total investment of 110 billion yuan, the long-term total installed capacity of 4 Million-kilowatt,　　September will be formally opened.　　After the Rongcheng project, China can again hold the nuclear, in Hainan Changjiang nuclear power plant smashed 16 billion yuan, Datang in Fujian Ningde to carry out prophase work, and Guo Electric group in Zhangzhou, Fujian province, in addition to the preparation of nuclear power projects, recently said that in Jilin, Hunan and other provinces to invest in nuclear power.　　In addition, Datang Holdings, as well as other power generation groups to enter the Sichuan region, is not only to expand hydropower resources, but also in order to advance the layout of nuclear power resources, because of Sichuan-Chongqing region Water rich, there are still market gaps. In Anhui, in addition to the competition of nuclear power giants and power generation bosses, there is also a local force Shang. Anhui Local Electric Enterprises Anhui Co., Ltd. is representative, in Wuhu, Anhui Province, Jiyang Two nuclear power projects, Anhui Energy as a local power enterprises on two projects have taken part in, of which Jiyang nuclear power projects are expected to participate in 49%.　　If two nuclear power projects are approved, the investment in nuclear power in Anhui will account for more than 60% of the total investment of AG, and the proportion of nuclear power will be far more than that of coal. The equipment maker will take the lead in benefiting from the nuclear power industry chain consisting of upstream uranium raw materials, investment operators and midstream power equipment, downstream power plants and power grids.　　Mr. Xu thinks, because the investment period of nuclear power is long, the construction of a nuclear power plant needs 48-56 months, namely 4-5 years, so the return period of the investment operation Enterprise is too long, and the government investment is also a long-term process, the investor benefit is slower. The upstream nuclear fuel from the financial pricing plan to transfer to the international market, profitability gradually increased, but the listed companies do not have nuclear fuel production enterprises; the middle reaches equipment manufacture is nuclear power localization core, the monopoly degree is high, the technical barrier is high, in the industrial chain in advantageous position, the pricing ability is strong. In other auxiliary equipment field, because the nuclear power product belongs to the high-end product, the gross profit margin is also generally higher; downstream nuclear power generation enterprises the right to price pricing is in the national competent department, but because of the policy tendency, the profitability is more powerful than that of thermal power and wind. Due to the safety and regulatory importance of nuclear power, the distribution of power grids may have to be as satisfied as possibleElectric enterprises, so the power grid in the nuclear power transmission and distribution advantages will not be as obvious as thermal firepower.