At present, the transformation and upgrading of the global energy industry are imminent. Compared with conventional power generation, the advantages of nuclear power in terms of safety and economy are increasingly prominent, providing a vast market space for the development of nuclear power. At the first GNIS • Global Nuclear Investment Summit recently held by Ocean Nuclear Ltd, insiders believe that nuclear energy development is ushering in unprecedented historical opportunities. In the future, China will become one of the countries with the fastest developing nuclear power. Under the " Belt and Road”initiative, China is expected to strive in the nuclear filed, and private enterprises will also play an important role in promoting China's nuclear power to the world.
In the global energy structure, at present, only coal, natural gas and nuclear power can act as the stable basic electricity. As gasoline cars are gradually replaced by new energy vehicles, they will generate more electricity demand. Behind a large amount of electricity demand is the financial demand for capital-intensive basic electricity.
Data show that as of July 2017, under construction, planned construction, the proposed construction of nuclear power units were 59 units, 160 units, 378 units. At present, 17 non-nuclear-powered countries are under construction, planning construction and proposed construction of nuclear power units. In the future, the number of nuclear-powered countries in the world will increase to 32 or more.
With domestic enterprises and policies continuously pushing forward the localization of nuclear power materials and equipment, China has now formed a relatively complete independent nuclear power industrial system and has become the country that owns the largest nuclear power generation capacity in the world. The independent research and development of nuclear power technology based on "Hualong No.1" has become China's business card actively promoted overseas. In the future, nuclear power will have a vast market space. According to the prediction by CNNC, the nuclear power cooperation among countries along the "Belt and Road" will directly lean on the 3 trillion-output-scale market.
However, under the economic downturn, the adequacy of funds is becoming a key element in the development of nuclear energy. To achieve industrial upgrading and sustainable development, the nuclear energy industry must use more financial resources. Shi Yan Yu, senior vice president of Ocean Nuclear, said that nuclear power projects have strong profitability and long and stable payback period, but the investment is huge and the cost of scientific research is high. With the increasing demand for the integration of energy industry and finance in the world, relying solely on the government's infrastructure construction budget is not able to cover all new nuclear financing and upgrading of old equipment needs. Therefore, to provide financing tools for nuclear power projects, to fill the vacancies in the free market is particularly important.
Since the threshold of the nuclear power industry has been relatively high, there has been very little private capital participation in overseas nuclear power investment. In fact, compared with the large "national team", private enterprises are often more flexible and efficient in participating in overseas nuclear power projects. Ocean Nuclear is the fourth Chinese company to join the World Nuclear Energy Association (WNA) after CGN, CNNC and the national nuclear power. Qiu Zhen, Chairman of Ocean Nuclear, said that as a private-owned enterprise, the advantages of Ocean Nuclear Lies in the depth of cooperation with a wide range of global financial institutions and multilateral agencies, thus providing strong financing capabilities. All this will enable the nuclear energy to meet the financing needs of nuclear power projects in different stages of promotion and fully guarantee the financial support for all stages of nuclear energy projects.
"In the overseas nuclear power investment, there are very few private enterprises in China, but many countries in the world are active in the field of nuclear power. Private enterprises undoubtedly will help improve the efficiency of China's nuclear power going out." China Nuclear Industry Association Xu Yuming, deputy director of the Committee of Experts said.
In addition, compared with state-owned enterprises, private enterprises also have a stand-point advantage. Qiu Zhen, for example, said that after South Korea's Korean-based consortium won the UAE nuclear power project worth 40 billion U.S. dollars, one of the reasons for the failure of Chinese enterprises is that no private-owned enterprises are involved.
Wang Jin, president of the International Intercontinental Energy Consulting Institute, believes that the identity of private-owned enterprises in the nuclear energy industry will not be over-emphasized by the national ideology in the overseas investment and mergers and acquisitions of large-scale energy projects, eliminating the differences between the parties due to differences in the national political system, thus to improve the success rate of investment and mergers and acquisitions.