China National Nuclear Corp, the nation's largest nuclear power plant builder, is looking for Canadian acquisitions or partners to help boost uranium reserves and its plans to sell reactors in North America.
The state-owned company is considering options including takeovers and supply agreements that range in value from "several hundred million dollars to more than a billion," Cui Jianchun, general manager of subsidiary CNNC Finance Co, said.
China and Canada agreed in 2005 to jointly develop uranium mines and oil reserves to expand trade between the two countries.
China National Nuclear may exchange shares in CNNC Finance with listed Canadian uranium companies, Cui said.
(Shanghai Daily April 10, 2008)
