One of Thailand’s leading private power producers has taken a stake in a joint venture company formed to build the second phase of a $6bn Chinese nuclear power project.
Ratchaburi Electricity Generating Holding (Ratch) will hold a 10 per cent share in the project, while China General Nuclear Power Corporation (CGN) will hold 51 per cent and Guangxi Investment Group will own a 39 per cent stake.
The new firm will be called Guangxi Fangchenggang Nuclear Power (II) Co, and will develop, build and operate the 2 GW, two-unit second phase of the 6 GW Fangchenggang plant in Guangxi.
Ratch is set to invest $208m in the project, which is scheduled to come online in 2021.
The first unit at Fangchenggang (pictured during construction) was connected to the grid in October and began commercial operation this month, while unit 2 is expected to come online later this year. Both feature CGN’s CPR-1000 large pressurized water reactors, while units 3 and 4 will be based on Hualong One reactors and a planned fifth and sixth unit will be AP1000s.
Ratch CEO Rum Herabat called the project “an opportunity for Thai technical personnel in developing and enhancing their skills and experience by sharing nuclear-related knowledge and techniques with CGN”, and noted that “CGN’s achievements and experience in low-carbon environment management is another area for learning because it is important for dealing with the climate change issue.”