Nuclear power valve contract awarded to Velan

The China Nuclear Energy Industry Corp. (CNEIC) awarded a $16.2 million contract to Velan SAS, a unit of Velan Inc., for the supply of nuclear-classified gate and globe valves for the two new nuclear power plants of FuQing Units 3 and 4 located in Fujian province, China.

The scope of supply is mainly high-pressure forged valves complete with electric or pneumatic actuators for service inside nuclear containment. These valves are scheduled for delivery from 2012 until 2014.

Velan also signed contract amendments with China Nuclear Power Engineering Co. Ltd. (CNPEC) for the third generation CEPR nuclear power plant under construction at Taishan and has been awarded aftermarket contracts from Daya Bay Nuclear Power Operations and Management Co. for onsite nuclear services, including the safety upgrade of a competitor's nuclear valves at LingAo units 3 and 4, and for the supply of spare parts.

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