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Monday, November 29, 2010

Westinghouse Expects Additional AP1000 Nuclear Reactor Orders From China

Westinghouse Electric Company logoImage via WikipediaWestinghouse Electric Co., owned by Toshiba Corp., expects additional orders for its third- generation AP1000 reactors from China after selling four units three years ago to the world’s fastest-growing nuclear market.
“There are going to be more AP1000s and the success of the current ones will determine that,” Jack Allen, Westinghouse’s president for Asia, said in an interview in Beijing today, adding talks haven’t formally begun. “There are no guarantees. Westinghouse is working very hard with customers here.”
China and India are leading the biggest atomic expansion since the decade after the 1970s oil crisis to cut pollution and power economies. Under a 2007 accord, Westinghouse is jointly building four AP1000 reactors with companies led by China National Nuclear Corp., and has transferred nuclear technology as it seeks to forge a lasting partnership with future rivals.
http://www.bloomberg.com/news/2010-11-25/westinghouse-expects-more-reactor-orders-from-china-on-clean-energy-demand.html
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