Velan secures nuclear valve contracts $16.2m
France-based Velan SAS has secured a contract to provide nuclear-classified gate and globe valves for the two new nuclear power plants of FuQing Units 3 and 4 located in Fujian province, China.
The contract has been awarded by the China Nuclear Energy Industry Corp, following the selection by China Nuclear Power Engineering Co (CNPEC).
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.
Velan also signed contract amendments with CNPEC for the third generation C- EPR nuclear power plant under construction at Taishan.
The company also has been awarded aftermarket contracts from Daya Bay Nuclear Power Operations and Management for onsite nuclear services, including the safety upgrade of a competitor's nuclear valves at LingAo units 3 and 4, and for the supply of spare parts.
Combined, the above contracts represent a value of $16.2m for Velan SAS, a subsidiary of industrial valves manufacturer Velan Inc.