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Westinghouse, China SNPTC Extend Nuclear Cooperation Agreement

January 18, 2011

PITTSBURGH, Jan. 18, 2011 /PRNewswire/ — Westinghouse Electric Company and China’s State Nuclear Power Technology Corporation today signed a two-year extension of a nuclear cooperation agreement that focuses on continued deployment of the Westinghouse AP1000® nuclear power plant in China as well as service and maintenance, technology development and strategic investment.

The original agreement was signed in 2008.

Currently, Westinghouse and its consortium team member The Shaw Group, are providing four AP1000 units in China, two each at Sanmen and Haiyang.

In commenting on the agreement extension, Westinghouse President and CEO Dr. Aris S. Candris said: “China has undertaken an aggressive and forward-looking program to generate electricity in an environmentally friendly manner. Westinghouse is proud of our participation in this program, and we are delighted that today’s agreement will ensure that our two companies, and our two countries, will continue to work together in a mutually beneficial manner.”

Westinghouse and China have also announced a series of other cooperative agreements, including a contract also announced today calling for Westinghouse to provide fuel fabrication equipment for the production of AP1000 fuel in Baotou, China.

Previously, Westinghouse had entered into agreements creating a joint venture to build and operate a nuclear-grade zirconium sponge facility in Jiangsu Province. Westinghouse has also, among other things, provided service support at the Qinshan site in Zhejiang Province and at the Daya Bay site in Guangdong Province.

Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world’s pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world’s first pressurized water reactor in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for approximately one-half of the world’s operating nuclear plants, including 60 percent of those in the United States.

SOURCE Westinghouse Electric Company


Source: newswire



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