A leading Chinese insurance company contracted in Shanghai this
week to exclusively offer marine transport insurance valued
at 450 million US dollars for materials for a nuclear power
station in Lianyungang, a port city in east China.
According to the
contract, the China Pacific Insurance Co. Ltd has insured
the transportation by sea of the bulk of nuclear equipment
from Saint Petersburg, Russia, to Lianyungang from 2001 and
2004.
With its first-phase
investment totaling US$3.2 billion, the Tianwan Nuclear Power
Plant is a key project in China 's 10th Five-Year Plan (2001-2005),
and also a large cooperation program between the Chinese and
Russian governments.
With its principal
equipment imported from Russia, the plant plans to install
four nuclear generators, each having a capacity of 1.99 million
kilowatts.
The plant began
its construction last May, and will be completed in 2005.
The insured equipment
weighs some 22,000 tons in total, and 776 are super-large
pieces. The voyage extends for 12,000 nautical miles, stretching
across ten time zones.
(Xinhua 02/21/2001)
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