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Here Come Made-in-China Nuclear Power Plants

Most of China's nuclear know-how has foreign roots. Westinghouse, Alstom, Areva and Russia's Rosatom have been building mainland plants with Chinese partners for years. A relatively new foreign partner now working with Chinese companies on domestic nuclear plant projects is Chicago Bridge and Iron (CBI).

But China General's reactor, called the ACPR-1000, is just one example of the country's effort to work -- and make money -- independently in the field. The first reactor will be installed in a plant now under construction in China's far south which, after start-up, might sell electricity to neighboring Vietnam.

China wants the ACPR-1000 to compete with reactors sold by GE Hitachi, Areva and Westinghouse. China General says the reactor meets "post-Fukushima requirements" for safety. Potential buyers currently include South Africa and Turkey.

And Chinese nuclear companies plan to work in teams. For example, if China General wins a foreign contract for a reactor, other Chinese plant suppliers and contractors would likely get involved in the plant building project. And China General says it's working with Dongfang and Shanghai Electric to offer 100% Chinese-equipped and built nuclear power plants around the world.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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