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CGN attends investment promotion event for Bay Area

2018-06-21




China General Nuclear Power Corporation (CGN) was invited to attend a seminar on promoting investment in the Guangdong-Hong Kong-Macao Greater Bay Area, which was held in Paris, France on June 20.

Lu Wei, general manager of CGN Europe Energy made a keynote speech on behalf of the Chinese nuclear giant at the seminar. CGN was the only Chinese firm represented among the speakers.

Headquartered in the Greater Bay Area, CGN is the world’s third largest nuclear power operator and a well-known clean energy group.

Lu briefed participants on the firm and the prospects for the energy industry in the region, which is currently experiencing an economic boom.



Guangdong province should join with Hong Kong and Macao special administrative regions and use the construction of the Guangdong-Hong Kong-Macao Greater Bay Area as an opportunity to turn it into an international bay area and a world-class city cluster, said Chinese President Xi Jinping on March 7, 2018.

It signals that the construction of the Guangdong-Hong Kong-Macao Greater Bay Area has been included in the national strategy and will bring new historic opportunities to the regional economy.

CGN has committed itself to promoting the core competitiveness of Guangdong's nuclear power and clean energy industries, providing solid industrial support for the construction of the Greater Bay Area.

The company will play a leading role in building an offshore wind power base and developing floating offshore wind power technology in the South China province of Guangdong while ensuring nuclear power development in a safe and orderly manner.

China and France have a long history of energy cooperation, which has born fruit -- the Daya Bay Nuclear Power Plant and Taishan NPP, and Hinkley Point C NPP, a project jointly developed by CGN and French energy firm EDF in the UK.

CGN has invested more than 500 million euros ($585 million) in wind power and solar energy projects in France since 2014. It will increase investment in renewable energy projects, such as offshore wind power in the country.



The Greater Bay Area will bring a brand-new, unmissable business opportunity to the world, and French enterprises and CGN will devote themselves to the construction of the area and create a bright future with French partners, Lu noted.

Wu Xiaojun, the Charge d'Affaires of the Chinese Embassy in France; Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor; Guangdong Vice-governor Ouyang Weimin; Jackson Chang, president of Macao Trade and Investment Promotion Institute, as well as more than 100 French and Chinese entrepreneurs attended the event.