Wednesday, July 30, 2014

Westinghouse Says Deal Near for 26 New Reactors in China

Westinghouse Says Deal Near for 26 New Reactors in China

Westinghouse appears closer to a deal to build 26 of the company's AP1000 reactors at inland sites in China for an estimated $20 billion.

Westinghouse CEO Danny Roderick said Chinese officials visiting the Pennsylvania company last week made clear that they intend to move forward with the plants when the first AP1000s approach completion by the end of next year. He also told the Pittsburgh Post-Gazette the Chinese government is eager to accelerate reactor construction as part of efforts to reduce reliance on coal. Read More

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