ENUSA present as of today at the China Nuclear Fair

ENUSA has travelled to Beijing together with other Spanish nuclear firms, in coordination with the Foro de la Industria Nuclear Española [Spanish Nuclear Industry Forum], to take part in Nuclear Industry China (NIC 2016), which is being held from April 6 to 9.

Participation in the NIC exhibition is an opportunity to display the company’s innovations from over the last year and to establish contacts with companies in the Chinese nuclear sector and other countries and regions taking part in the exhibition. In addition the presence of ENUSA personnel in China will allow the company to carry out an in-situ follow-up of the current projects and negotiating opportunities with Chinese clients. For this reason, this Fair is ENUSA’s most important promotional event in the Asia-Pacific region.

ENUSA invested in China in 2007 by joining the Spanish Nuclear Group for Cooperation and participating in the China International Nuclear Industry Exhibition held that year in Shanghai. After an early period of contacts and positioning, ENUSA has identified a market niche in the commercialization of nuclear fuel inspection equipment, an area in which Chinese companies have still not achieved the level of technology development found in Europe or the United States, where the world’s leading suppliers of nuclear technology are based. In 2013, ENUSA signed its first equipment supply contract with the local manufacturer CNNC Jianzhong Nuclear Fuel, the leading Chinese fuel manufacturer. This contract was followed by another two signed in 2014 for supplies to the aforesaid fuel factory and the Suzhou Nuclear Power Research Institute (SNPI). It is precisely with the latter and jointly with its partner TECNATOM that ENUSA has signed a new agreement in January 2016, which could be a qualitative leap forward for the Spanish company’s prospects in China. SNPI belongs to the China General Nuclear (CGN) group, which is the main nuclear reactor constructor and operator in China with 14 units in operation and 12 more under construction. The agreement with SNPI enables ENUSA-TECNATOM to be the reference suppliers of nuclear fuel inspection equipment for SNPI, placing the two Spanish partners in a privileged position vis-à-vis CGN’s strategic move: develop its own nuclear fuel design and manufacturing capabilities, an area in which its major competitor – CNNC – is currently the leader.

China is the country with the most nuclear power plants under construction (24 reactors) and the greatest market potential. At present, it has 31 operating nuclear reactors that produce 2.4% of its electricity. Of the 66 reactors under construction around the world, 43 of them are being built on the Asian continent.