Under the terms of the MOU, the two companies will collaborate for the development of nuclear power plants.
The areas of cooperation will comprises operation and maintenance support services for CNNC’s operating nuclear power plants in China; engineering, procurement, and construction management (EPCM) of the AP1000 nuclear power plants planned and owned by CNNC in China; international nuclear power market development; and nuclear power training programs and management personnel exchange in the US and China.
CB&I president and chief executive officer Philip Asherman said, "This new commitment with CNNC will provide CB&I with the opportunity to expand and diversify the services offered in China while the international deployment of CNNC’s indigenous nuclear power technologies will offer expanded growth in the international nuclear power marketplace."
In 2013, CB&I entered into an announced to form a joint venture company with China Power Investment Corporation (CPI) and to build nuclear power plants in China.
Currently, China has 28 nuclear power units under construction and is planning to increase nuclear power generation capacity to 58GWe by 2020.
CB&I is supplying EPCM for four AP1000 nuclear power units which are under construction in China, including two units at CNNC’s site in Sanmen, Zhejiang province.
