By Razak Musah Baba
LONDON--Rolls-Royce Holdings PLC (RR.LN) said Wednesday it has
signed an memorandum of understanding with Chinese reactor vendor
CGN to cooperate more closely in the field of civil nuclear power,
in China, U.K. and other overseas markets.
Rolls-Royce will explore possible collaboration in areas such as
engineering support, provision of components and systems, emergency
diesel generators, supply chain management and instrumentation and
control technology, it said.
Jason Smith, President Nuclear, Rolls-Royce said: "China
represents one of the world's largest civil nuclear markets in
which Rolls-Royce has been supplying safety-critical technology and
solutions for 20 years."
Rolls-Royce, best known as a maker of jet engines, supplies
instrumentation and control technology to more than 70% of China's
nuclear reactors and backup generators to almost 40%, the company
said.
Shares at 1215 GMT traded up 5 pence, or 0.5%, at GBP10.16,
valuing the company at GBP19.17 billion.
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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