“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.
“It seems entirely reasonable to me to say that the company will get a lot more out of China,” said Rajesh Panjwani, an analyst at CLSA Asia-Pacific Markets in Hong Kong. “Westinghouse has been selling nuclear technology in Korea for almost 20 years and it still needs Westinghouse’s assistance.”
China’s 11 existing nuclear power generating units all use second-generation technology, the official Xinhua News Agency said on July 22. The nation plans at least 60 new reactors by 2020, Xu Yuming, executive director of the China Nuclear Energy Association, said on July 6.More at:
http://www.bloomberg.com/news/2010-11-25/westinghouse-expects-more-reactor-orders-from-china-on-clean-energy-demand.html
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