ICBC Leasing and CNNC Leasing to offer financing for offshore nuclear platform
China's ICBC Leasing and CNNC Leasing have signed a strategic cooperation agreement with CNNC Offshore Power Development for a series of financing services.
Under the agreement, ICBC Leasing and CNNC Leasing will jointly provide financing solutions for CNNC Offshore Power Development's newbuild projects including offshore nuclear platforms and icebreaking vessels.
CNNC Offshore Power Development is a joint venture established by China National Nuclear Power, Jiangnan Shipyard, Shanghai Electric Power, Shanghai Guosheng Group and Zhejiang Zheneng Electric Power in August.
The jv mainly engages in the business of maritime nuclear power research and development, construction, operation and management of floating nuclear power platforms.
China plans too build 20 floating nuclear power platforms to support offshore activities including oil and gas drilling and island development.