CB&I (NYSE: CBI) signed an agreement with CPI Power Engineering Co. Ltd., a subsidiary of China Power Investment Corp., to form a joint venture to build nuclear power plants in China. CPI is a state-owned power generation company and one of the three nuclear plant owners and operators in China.
CB&I will provide engineering, procurement, construction management, commissioning, project management and technical support services for the new builds. CB&I is currently providing EPC, commissioning, information management system and project management services for two units at CPI’s site in Haiyang.
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