CGN
Home > News > Press releases

CGN Chairman attends BRICS Business Forum

2017-09-06

Chinese President Xi Jinping attended a group of events and delivered a keynote speech at the opening ceremony of the BRICS Business Forum during the 9th BRICS Summit, which was held from Sept 3 to 4 in Xiamen, East China's Fujian province.

He Yu, chairman of China General Nuclear Power Corporation (CGN) was also present and met with CGN’s business partners on the sidelines of the forum.

As the head of China’s largest and the world’s fifth largest nuclear power operator, He Yu was invited to the opening ceremony and the plenary meeting of the BRICS Business Forum.

The cooperation between CGN and the BRICS countries began a long time ago. In August 1998, the company’s Daya Bay Nuclear Power Plant (NPP) signed an agreement with South Africa’s  Koeberg NPP to establish twinning relationship, and conduct personnel training and technical cooperation.

In 2012, CGN started to construct the world’s third largest uranium mine -- Husab Uranium Mine in Namibia, which is a landmark project of the economic and trade cooperation between China and Africa. It brought in a South African company to take charge of the project’s engineering, procurement, construction and management.

Meanwhile, the company’s non-nuclear power technology industries have tapped into India and Brazil. It enjoys the biggest share in India’s market of non-nuclear power technology market.

The concept of "BRICS Plus" proposed by China at the summit aims to invite observing countries -- Thailand, Mexico, Egypt, Guinea and Tajikistan to discuss the development of emerging markets and developing countries, and the South-South cooperation.

Since the establishment of CGN’s first overseas office in Thailand in July of 2009, the corporation has expanded the exchange and cooperation with Thai partners through personnel training and technical exchanges.

More than 3,000 people from the Ministry of Energy and Electricity Generating Authority of Thailand have benefited from the training programs.

It is worth mentioning that CGN completed an equity purchase deal with Malaysian energy company Edra Global Energy and bought 13 quality power projects in Malaysia, Egypt, Bengal, Pakistan and the United Arab Emirates in November 2015.

The deal also enabled the  company to become Egypt’s largest independent power producer.

According to He Yu, in the past 10 years, the proportion of BRICS nations’ economic aggregate, trade volume and foreign investment in the world’s total have risen from 12 percent to 23 percent, 11 percent to 16 percent, 7 percent to 12 percent, respectively; the contribution rate of BRICS countries to the world economic growth has exceeded 50 percent.

This year is the first year of the second “Golden Decade” of BRICS cooperation and the “China Year” of BRICS, the BRICS nations are expanding their partnership with emerging market economies, he noted.

As a pioneer and leader of Chinese enterprises’ going global, CGN will continue to promote cooperation with emerging market economies including the BRICS in fields of trade and investment, interconnectivity and sustainable development, he added.

This year’s BRICS Business Forum is the largest one with an unprecedented number of guests. Since its debut in 2010, the forum has been an important platform for the business communities of BRICS countries to work together for cooperation and development, aiming to facilitate dialogue and consultation among these countries, and deepen trade and economic cooperation.

Themed "BRICS: Stronger Partnership for a Brighter Future", country leaders and  enterprise executives attending the forum  shared insights on the topics of trade and investment, financial cooperation, interconnectivity, the blue economy, and regional economic growth.

In the keynote speech addressed by President Xi at the opening ceremony, he summarized the achievements of BRICS cooperation in the past 10 years and enlightenments gained from it.

He called for joint efforts of the BRICS countries to boost economic, security and political ties and partnership for another "Golden Decade" of BRICS cooperation.

Besides the opening ceremony, President Xi also held meetings attended only by BRICS leaders, discussing global issues ranging from economic governance and national security to BRICS cooperation and cultural exchanges.

Following the Belt and Road Forum for International Cooperation held in Beijing this May, the BRICS Summit is another important diplomatic event of the year.