04/06/2018 – News / Energy / Power / Nuclear / Global
Ocean Nuclear launches global $5bn industry fundraising roadshow in London
Chinese-backed nuclear power investment company Ocean Nuclear is to conduct the first of its European meetings with investors in London on Thursday 7th June 2018 as part of a global roadshow programme of 144 meetings. The roadshow will outline the opportunities around investment in nuclear power to potential investors as they seek to raise US$5 billion as part of the first phase of their fundraising programme. This first European roadshow meeting is timed to coincide with the Global Nuclear Investment Summit, which Ocean Nuclear is co-sponsoring.
Headquartered in Shenzhen, China, Ocean Nuclear has already negotiated nuclear infrastructure projects in more than 20 countries around the world, and will talk in more detail to roadshow participants about the specific projects.
Current investment partners
Current investment partners include the Silk Road Energy Fund, which is jointly backed by China's foreign exchange reserves, China Investment Corporation, the Export-Import Bank of China, and China Development Bank.
The Silk Road Energy Fund aims to raise US$80m (over 500m RMB) and was founded to support the Belt and Road infrastructure development initiative. In December 2017, the UK’s former Prime Minister, David Cameron, took up a leadership role in the investment fund.
Other funding partners include the Sunac China Infrastructure Fund, which aims to raise US$2bn.
Global Nuclear Investment Summit
Ocean Finance and the Financial Times are jointly organising a Global Nuclear Investment Summit to be held at the Guildhall in the City of London, at 1pm on Thursday 7 June.
Open to a broad range of stakeholders, the summit will see major players in the global nuclear industry discuss the complex challenges facing the nuclear industry and the wider issues of energy generation in an age of shifting global political allegiances and priorities. Panellists and speakers will include Tom Greatrex, from the Nuclear Industry Association, Humphrey Cadoux-Hudson, from EDF Energy and King Lee, of the World Nuclear Association.
“A catalyst for Sino-British nuclear co-operation”
“We hope that together the Summit and the Roadshow will act as a catalyst for Sino-British nuclear cooperation and for investment and advancement in our industry,” commented Zhen Qiu, Chairman of Ocean Nuclear. “With some strong brands from the world of infrastructure investment already involved, we are confident we can achieve our ambitious phase one global fundraising target of US$5bn – and there is no better place to start the European stage of our tour than the powerhouse of finance that is London.”
You can register to attend the Summit here: http://en.onc.com/About/gnis.html