State Nuclear Power Technology Corporation Limited ( abbreviation SNPTC) is a Chinese state-owned enterprise in nuclear power. The company engages in the development of nuclear technology and is one of the country's three operators of nuclear power plants.
History
SNPTC was formally created in May 2007 by the State Council with the mandate to adopt 3rd generation nuclear technology from foreign suppliers and to implement and manage nuclear power projects. The State Council was the primary contributor in establishment, contributing 60 percent of the initial investment capital with the other nuclear industry players China General Nuclear Power Group, China National Nuclear Corporation, China National Technical Import and Export Corporation (CNTIC), and China Power Investment Corporation, contributing 10 percent of the initial investment each.[1] 2011, the share capital had increase from CN¥4 billion to CN¥10 billion, but CNTIC did not subscribed the capital increase. Before the 2015 merger of SNPTC with China Power Investment Corporation, the latter still retained the 10% stake. As of 31 December 2014, the other minority shareholders were China National Nuclear Corporation (10%), China General Nuclear Power Group (10%) and CNTIC (4%).[2]