CB&I, China Power Investment Corp. join to build nuclear plants

CB&I agreed with CPI Power Engineering Co., Ltd., a unit of China Power Investment Corp. to form a joint venture to build nuclear power plants in China.

CB&I's scope will include the provision of engineering, procurement, construction management, commissioning, project management and technical support services for new nuclear power plants planned and invested by CPI in China. CPI is one of the largest state-owned power generation companies and one of the three nuclear power plant owners and operators in China.

CB&I currently is providing engineering, procurement, commissioning, information management system and project management services for four nuclear power units under construction in China, including two units at CPI's site in Haiyang, Shandong province.

Since 2012, the State Council of China has approved construction of four new nuclear power plants and is expected to approve about 30 more nuclear power plants by 2020 to meet the nuclear power capacity stipulated in China's Mid- and Long-term Development Plan for Nuclear Power.

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