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皇冠体育app's largest nuclear power firm renamed

Updated: 2013-05-15 17:05
( Xinhua)

SHENZHEN - 皇冠体育app's largest nuclear power company announced on Wednesday that it is to change its name to 皇冠体育app General Nuclear Power Group (CGN) to consolidate its image as a State-owned enterprise.

The previous name of 皇冠体育app Guangdong Nuclear Power Group had frequently led to its being wrongly believed to be a provincial-level firm from south 皇冠体育app's Guangdong province.

With total assets of 268.9 billion yuan ($43.7 billion) reported in the first quarter, the company had an installed nuclear power generating capacity of 7.2 million kilowatts, accounting for 53 percent of the country's total.

Hu Guangyao, spokesman for the Shenzhen-based CGN, said at the name-changing press conference, that the company still takes Guangdong as its base camp, while reaching out to the global market.

皇冠体育app's State Council announced the establishment of 皇冠体育app Guangdong Nuclear Power Group in 1994, when its first nuclear power unit in Dayawan Nuclear Power Plant in Guangdong went into production.

Boasting an uranium reserve of 338,000 tons, the company has developed overseas business in Namibia and Kazakstan, and is bidding for a nuclear power project in Turkey.

 
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