China Guangdong Nuclear Power Holding is 'going abroad', with plans to build and part-finance the country's first overseas nuclear reactor. The company, one of two state-owned firms that dominate the mainland's nuclear power generation sector, would focus on developing nations, said Xiang Weidong, director of overseas business at CGNPC Uranium Resources, the firm's sourcing, exploration and production unit. Xiang was speaking on the sidelines of the CBI China Nuclear Power Leadership Summit on Friday. He declined to name any countries. But CGNPC's website states that the company signed a letter of intent just over a year ago with Belarus to co-operate in the nuclear power industry. Russian news agency Itar-Tass reported last October that Belarus would invite global nuclear power plant construction firms from the United States, France, Japan, China and Russia to tender for a plant to be completed between 2016 and 2018. CGNPC submitted a proposal to help build and finance two one gigawatt nuclear reactors in Belarus, Russian business news agency Prime-Tass said in August last year. CGNPC is the world's largest builder of nuclear reactors by projects on hand, says Chen Lihua, assistant manager of the construction management department at the company's engineering division. It is now building 12 reactors with a total capacity of 12GW in Guangdong, Liaoning and Fujian provinces, with two more in Guangdong in the pipeline. The company has about 4GW of plants in operation in Guangdong. Installed capacity is projected to reach 34GW by 2020. According to Xiang, the company has about two-thirds of the mainland's nuclear power projects under construction or in advanced preparation, with most of the rest operated by China National Nuclear Corp and China Power Investment Corp. Beijing is considering raising its 2020 installed nuclear power capacity target to more than 70GW, up from 40GW set in 2005, and capacity under construction to 25GW from 18GW, as it seeks to cut pollution and meet surging energy demand. As it embarks on the planet's biggest nuclear power construction programme, CGNPC has been scouring the world to secure supplies of uranium to fuel the reactors. Last December, the company's sourcing unit formed a joint venture called Semizbay Uranium with Kazakstan's state-owned uranium producer Kazatomprom. The venture's output is expected to be 550 tonnes this year, rising to 1,100 tonnes next year and 1,450 tonnes in 2011. All of it will be used in CGNPC's mainland plants. The mainland's uranium demand for this year is estimated to be 2,000 tonnes. CGNPC started importing uranium from Uzbekistan this year, and will soon form a joint venture with Uzbekistan's State Geology and Mineral Resources Committee to explore for uranium in the Central Asian nation. It also agreed earlier this month to buy up to 70 per cent of Australian uranium explorer Energy Metals, which has nine projects in the Northern Territory and Western Australia, mostly discovered in the 1970s but not yet exploited. On the domestic front, CGNPC formed a joint venture with the Xinjiang Geology and Mineral Resource Bureau last year and has inked strategic co-operation pacts in Shaanxi , Guangdong and Sichuan , to find uranium. It is one of the two firms that has been granted the right to import and export uranium. It already has deals with traders and miners such as France's Areva, the United States' Nukem and Australia's Paladin.