China National Nuclear Power Co Ltd plans to raise 16.3 billion yuan ($2.60 billion) in the industry’s first initial public offering, as part of the world’s biggest expansion of civilian nuclear power capacity.
State-owned China National Nuclear said in a preliminary prospectus on the regulator’s website that it plans to sell 3.651 billion shares, or 25 percent of its enlarged capital base, to fund projects and replenish working capital.
The listing would be part of the government’s drive toward cleaner energy, under which it aims for installed nuclear power capacity of 58 gigawatts (GW) by 2020 from 14.6 GW in 2013, rising to 200 GW by 2030 – a goal analysts labeled ambitious.
200 GW will be double the current level of nuclear power in the United States.
China, the world’s largest power producer, has emerged as the biggest market for nuclear plants, approving four to eight projects a year for the rest of the decade, many using U.S. or French technology, according to some estimates.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.