August 15, 2011

Westinghouse Announces MOU With Czech Firm I&C Energo

PRAGUE, Aug. 15, 2011 /PRNewswire/ -- Westinghouse Electric Company today announces the signing of an important Memorandum of Understanding with Czech company I & C Energo a.s., in preparation for the potential construction of Westinghouse AP1000® nuclear power plants in the Czech Republic.

The provisions of the agreement cover exclusive cooperation with I & C Energo related to the Instrumentation and Control (I&C) systems for the new reactors, together with the associated testing and startup services. This agreement continues Westinghouse's diligent ongoing activities to develop and subsequently deliver a valuable proposal to CEZ for the construction of the AP1000 nuclear power plant at the Temelin site in the South Bohemian region of the country. The agreement was signed in Prague by Mr. Kerry Hanahan for Westinghouse and Messrs Jan Safranek and Jiri Holinka for I & C Energo.

Anders Jackson, Westinghouse president for its Europe, Middle East, and Africa region (EMEA), highlighted the companies' long association with one another.

"I am very pleased to be able to announce this news today. Westinghouse and I&C Energo have a relationship that goes back over a decade to the work we did together on the reactors that are already operating at Temelin. We know the company well and I am pleased we are looking to work together on the next generation of Temelin reactors. Working with Czech companies such as I&C Energo is a key part of our "We Buy Where We Build" approach to the AP1000 supply chain. Westinghouse seeks to work with local companies as far as possible, and I am sure that this MOU is the first of many which we will sign with Czech companies as our work in the country progresses."

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 (PWR) in 1957 in Shippingport, Pa., USA. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants.

I & C Energo, is an established Czech engineering-supply company, well positioned in the Czech industrial market, with a strong history in the nuclear power sector. I & C Energo provides contracted maintenance services and supplies for capital projects including design, erection and commissioning of I&C and electric systems. The company is part of the MOL Group, headquartered in Hungary.

SOURCE Westinghouse Electric Company