Wednesday, May 16, 2012

Westinghouse unit forms nuclear joint venture with Chinese firm

Westinghouse unit forms nuclear joint venture with Chinese firm
Westinghouse Electric unit PaR Nuclear has struck a joint nuclear power venture with China's Taiyuan Heavy Machinery Group. PaR Nuclear, which supplies cranes and fuel-handling equipment, will own a majority stake in the partnership. The deal's financial terms weren't disclosed. American City Business Journals/Pittsburgh/Energy Inc. blog
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