November 17 - Recently, the National Development and Reform Commission has officially declared to the State Council to start the approval of new nuclear power projects, this report is to be officially approved by the three nuclear power plant projects of 6 units, is expected to be adopted in November at the earliest.

After the Fukushima nuclear accident in Japan, China's nuclear power construction fell into a low ebbs, and the approval of new nuclear power projects has been suspended for more than three years.

Recently, the National Development and Reform Commission (NDRC) has officially submitted to the State Council for approval of new nuclear power projects, China Business News reported. This time, the approval is expected to be as soon as November.

However, compared with local governments and nuclear operators, the fluctuation of nuclear power industry chain has a greater impact on nuclear power equipment manufacturers. A person in charge of nuclear power equipment enterprises told reporters that this year is the most difficult year for enterprises, and orders for projects under construction have been almost completed. If the approval of new nuclear power projects cannot be resumed next year, many enterprises will face the situation of "running out of food" and no orders to do.

After the Fukushima nuclear accident in 2011, China stopped the construction approval of new nuclear power projects. It was not until October 2012, when the State Council executive meeting discussed and passed the Nuclear Power Safety Plan (2011-2020) and revised the Nuclear Power Medium - and Long-Term Development Plan (2011-2020), that China gradually resumed the approval of nuclear power construction projects.

An insider said that the National Development and Reform Commission (NDRC) has officially applied to the State Council for the approval of new nuclear power projects. There are more than a dozen projects that have been submitted to the State Council before, but now it will formally approve several units. This time, the State Council will submit six units, which may be approved as soon as November.

Since then, the relevant departments of the state have held several nuclear power work meetings. In early November, the National Energy Administration issued a reply to the request report of Fujian Provincial Development and Reform Commission and China National Nuclear Corporation, approving the adjustment of Fuqing No. 5 and No. 6 units into "Hualong 1" technical scheme, so as to verify China's independent third-generation nuclear power technology as soon as possible and build a domestic demonstration project. This has strengthened the market's expectations of a nuclear restart.

According to Lyu Xiulei, a senior analyst with China Credit International, the six units reported in the report should be divided into three nuclear power plants, Hongyanhe, Shidaowan and Fuqing, with an installed capacity of about 7 million kilowatts.

Among them, the second phase of Dalian Hongyanhe Nuclear Power Plant, a subsidiary of CGN, plans to adopt the same technical scheme as the first phase of the project, namely the improved CPR1000 technology, to build two 1,000-kilowatt level pressurized water reactor nuclear power plants with an installed capacity of about 2 million kilowatts.

Shidao Bay nuclear power CAP1400 demonstration project, located in Rongcheng, Shandong Province, is the third generation of large advanced pressurized water reactor technology, with an installed capacity of about 3 million kilowatts. In addition, the project plan has been adjusted to the No.5 and No.6 units of CNNC Fuqing Nuclear Power Plant with the third-generation technology of "Hualong One", with an installed capacity of about 2 million kilowatts.

China's nuclear power utilization level was 2.11 percent in 2013, significantly lower than the global average of 14 percent, according to the China Electricity Union. According to the 12th Five-Year Plan and the long-term plan of the National Energy Administration, the total investment from 2015 to 2030 is 1.2 trillion yuan. That is to say, the annual investment in nuclear power is 60 billion yuan, among which the annual investment in equipment will reach 30 billion yuan, and the market space needs to be released urgently.

The competitiveness of nuclear power continues to improve, and the "going global" market is vast. "Hualong One" has attracted worldwide attention at the First World Nuclear Industry Exhibition and China-ASEAN Expo in mid-October. It is expected that China's third-generation nuclear power technology export will take CGN's Cernavoda nuclear power project in Romania as the breakthrough point, and vigorously expand the nuclear power market in Europe and South America with technology and price advantage.

Guotai Junan believes that the recognition of the third generation of domestic nuclear power technology will accelerate the restart of domestic nuclear power and enhance the expectation of breakthrough in overseas markets, and the nuclear power industry chain will be fully detonated. Benefited targets: China National Nuclear Technology Co., Ltd., Danfu Co., Ltd., Yingliu Co., Ltd., Jiangsu Shentong Co., Ltd., Dongfang Zirconium Co., Ltd.