Velan scores $16.2M China nuclear contracts
Industrial valve manufacturer Velan Inc.’s French subsidiary has won contracts worth $16.2 million from the China Nuclear Energy Industry Corp.
MONTREAL: Industrial valve manufacturer Velan Inc.’s French subsidiary has won contracts worth $16.2 million from the China Nuclear Energy Industry Corp. (CNEIC).
The Montreal-based company said Velan SAS in Lyon, France will supply nuclear-classified gate and globe valves for two new nuclear power plants of FuQing Units 3 and 4 in Fujian province, China.
“The scope of supply is mainly high-pressure forged valves complete with electric or pneumatic actuators for service inside nuclear containment. These valves are scheduled for delivery from 2012 until 2014,” the company said in a statement.
Velan said it also signed “significant contract amendments” with CNPEC for the third generation C-EPR nuclear power plant under construction at Taishan and has been awarded aftermarket contracts from Daya Bay Nuclear Power Operations and Management Co. (DNMC) for onsite nuclear services, including a safety upgrade at LingAo units 3 and 4, and for the supply of spare parts.
“This contract is our first new nuclear contract since the Fukushima incident in Japan,” said Tom Velan, the company’s president and CEO. “Velan is working with Chinese EPCs to provide advanced valve design and improvements that are helping to increase the safety level of existing and future nuclear power plants.”