Eletrobras-led Norte Energia wins bid to build huge Brazilian hydropower plant

21 April 2010 - Flowserve of the USA has finalized its joint venture agreement with China's SUFA Technology Industry Co Ltd to produce safety-related valves, one of the few component areas lacking in the Chinese supply chain.
According to the World Nuclear Association, Flowserve and SUFA - a subsidiary of China National Nuclear Corp (CNNC) and the largest valve manufacturer in China - agreed to form the joint venture called SUFA-Flowserve Nuclear Power Equipment Co Ltd last year. The new firm was to be based in Suzhou, Jiangsu province and 51 per cent owned by SUFA and 49 per cent by Flowserve.
In a statement, Flowserve said, "Since the initial announcement, both parties have been actively working to complete the amendment, which has now been finalized and clarifies the path forward for the joint venture."
The two partners have now signed the amendment to the joint venture agreement, under which SUFA's ownership share will be increased to 55 per cent, while Flowserve will take 45 per cent.
As part of the agreement, both companies will supply nuclear power industry valve technology and jointly construct a manufacturing facility. The joint venture will manufacture safety-related valves, including main steam isolation valves (MSIVs), exclusively for China's nuclear power industry. MSIVs are used to assist in the safe shutdown of a reactor in the unlikely event of a rupture in the plant's main steam piping.
Jiangang Qiu, vice president of CNNC and chairman of SUFA, commented: "This amendment will satisfy the Chinese government's nuclear power development strategy, and will make this joint venture a successful nuclear valve manufacturer in China."
In October 2009, Flowserve was awarded a "multi-million dollar" order from Korea Hydro & Nuclear Power (KHNP) for the MSIVs and feedwater isolation valves for units 3 and 4 of its Shin-Kori nuclear power plant. The units are the first to be constructed using KHNP's new APR-1400 reactor design.
 

Sponsored by FLSmidth

Related Articles

Profiling Geothermal Energy in North America

North America holds diverse geologic conditions, economic and political contexts, and geothermal experiences.

Energy Reform Package to Increase Competition And Private Sector Opportunities in the Mexican Power Industry

In April, Mexican President Enrique Pena Nieto proposed a legislative reform package that was approved by the Mexican Congress, overhauling the nation's energy industries.

Follow Power Engineering on Twitter

Latest News

NCC Report: DOE must develop stronger policy to foster adequate carbon capture and storage

The National Coal Council (NCC) today released a new study in response to a request by Secret...
CASL DOE light water reactors LWR research and development

DOE extends funding for light water reactor research consortium

MHPS to take over thermal power business

Effective April 1, Mitsubishi Hitachi Power Systems (MHPS) will take over the business in the...

Builder projects 18-month delay for nuclear plant in Georgia

Southern Co. (NYSE: SO) said the firms building its new nuclear power plant in Georgia estima...

Alstom to maintain Olkiluoto nuclear island equipment

Alstom was awarded a five-year contract to maintain equipment at the Olkiluoto nuclear power ...
2014 Projects of the Year

Power Engineering Photo of the Day

Capstone Turbine corporation shale oil and gas microturbines Horizon Power Systems

Capstone Turbine Receives Follow-On Order for Fifteen C65s from Horizon Power Systems

Capstone Turbine Corp. received an order for 15 C65 microturbines for shale oil and gas custo...
Yucca Mountain Nevada nuclear spent fuel waste repository DOE application NRC review SER evaluation volumes

NRC publishes last two volumes of Yucca Mountain safety evaluation

The NRC published two more volumes of its safety evaluation on a geologic high-level nuclear ...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

Intergraph(R) Releases PV Elite(R) 2015 With New Modeling Capabilities and Other Productivity Enhancements

Intergraph(R) Releases PV Elite(R) 2015 With New Modeling Capabilities and Other Produc...

Utility Execs Explain How to Centralize Crew Management Before and After Storms

Utility Execs Explain How to Centralize Crew Management Before and After Storms

Con Edison 2016 Rate Plan Cites Reliability, Storm Prep, Better Technology

Con Edison 2016 Rate Plan Cites Reliability, Storm Prep, Better Technology

Diesel Particulate Matter (DPM) Testing Evidences 20% Reduction With Use of CyberFuels Dynamo(TM) Cetane Booster

Diesel Particulate Matter (DPM) Testing Evidences 20% Reduction With Use of CyberFuels ...

Miller Energy Declares Cash Dividends on Its Series B, Series C and Series D Preferred Stock

Miller Energy Declares Cash Dividends on Its Series B, Series C and Series D Preferred ...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>