China National Nuclear Corporation (CNNC)

=Overview=

China National Nuclear Corporation (CNNC) is a state-owned nuclear technology company under the full control of the Chinese government. CNNC is engaged in all aspects of the nuclear industry including scientific research, uranium mining, nuclear power, nuclear fuel and military technologies. CNNC conducts its operations through over 100 subsidiaries. As of 2011, CNNC has 14 nuclear power units in operation, with 8 more nuclear projects under construction. CNNC controls all uranium operations in China, and also has uranium development projects in Niger, Kazakhstan, Mongolia and Namibia.

After being founded in 1988 CNNC grew quickly, and by the mid-1990s it had 300,000 employees and managed over 200 subsidiaries. At this point CNNC was virtually the sole nuclear power operator in China, but from 2000 onwards CNNC began to face calls for reform and competition. China’s State Council established the State Nuclear Power Technology Corporation (SNPTC) in 2004. SNPTC administered bidding by foreign companies for future nuclear development. CNNC resisted such change, however in 2009 President Kang was fired after evidence emerged that he had been interfering with the bidding process for nuclear power projects and corrupting public finances. He was replaced by Sun Qin, CNNC’s current president.

= Global Operations by Country=

Niger
"Main article: CNNC Operations in Niger"

=References=