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The ceremony also marked the formal establishment of a Sino-French joint venture to construct and operate the first phase of the Taishan project.
Electricité de France (EDF) confirmed today it had received final approval from the Chinese authorities for the creation of the joint venture company, the Guangdong Taishan Nuclear Power Joint Venture Company Limited.
The company will build and operate two European pressurised water reactor (EPR) units at Taishan. EDF’s holding in the joint venture is fixed at 30 percent for 50 years.
The first unit of the Taishan nuclear plant, modelled on the EPR under construction at Flamanville in northern France, is scheduled for commissioning in late 2013.
The venture makes EDF an investor for the first time in nuclear generation in China, an energy market which is seeing rapid growth.
China is officialy listed by the International Atomic Energy Agency as having 11 nuclear units in commercial operation and 19 under construction.
>>Related reports in the NucNet database (available to subscribers)
Areva To Build Two EPRs In China – Talks Start Over Possible Reprocessing Plant (News No. 249, 26 November 2007)
EDF Highlights Plans To Invest In ‘More Than 10’ EPRs (World Nuclear Review No. 8, 22 February 2008)
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