On August 2 1 2020, China Nuclear Power, a listed company under China National Nuclear Corporation, officially announced that Tara Energy Co., Ltd. of the United States unilaterally terminated the technical cooperation of line reactor at the request of the US government, so China Nuclear Power decided to dissolve and cancel the relevant companies. China's nuclear power sector believes that the basis of cooperation between China and the United States in developing this technology and promoting project implementation has been lost. Then the purpose of establishing CNNC traveling wave reactor Investment Company and CNNC Hebei Nuclear Power Co., Ltd. for this project has been impossible. In 2006, Bill Gates participated in the investment, founded Tara Energy Company and served as the chairman. Bill Gates has visited China many times and had close contact with China National Nuclear Corporation and National Energy Corporation. His main purpose is to build the first demonstration reactor in China.
The abbreviation of traveling wave reactor, full English name (TWR). It is a metal fuel sodium-cooled fast reactor that meets the technical requirements and safety standards of the fourth generation nuclear energy, and is also listed as the fourth generation nuclear energy technology. It is mainly to directly convert the relatively poor nuclear energy raw materials into usable fuel in the reactor, and give it full combustion and good utilization.
Consequences of Termination of Cooperation Because of the new regulations of the US government, the project founded by Microsoft co-founder Bill Gates stopped the cooperation project with state-owned enterprises in China. The cooperation between CNNC and Tara Energy did not wait for the final result. However, China Nuclear Power Company announced that the two companies engaged in cooperation have not yet started the actual operation. The dissolution and cancellation of the subsidiary due to the termination of cooperation will not have any substantial impact on the overall business development and production and operation of the company to which it belongs.
Conclusion In the first half of this year, China's nuclear power revenue increased by 6% year on year. The attributable net profit increased by 15% year-on-year.