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| Westinghouse/Shaw consortium to deliver units to China's SNPTC The Shaw Group Inc. announced that the Westinghouse/Shaw Consortium has completed a framework agreement with China's State Nuclear Power Technology Company (SNPTC) to provide four AP1000 nuclear power plants in China. The framework agreement confirms the basic requirements and obligations of all parties involved and includes early funding for long-lead materials and early engineering. The agreement follows SNPTC's selection of the Westinghouse/Shaw Consortium as the technology partner for the next generation of nuclear power plants announced in December 2006. Shaw will provide engineering, procurement, commissioning, information management and project management services. The selection was the result of an extensive and rigorous two-year competitive bidding process. Final contracts for the four plants, to be constructed at the Sanmen and Haiyang sites, are expected to be finalized by mid-year. Construction on the first unit is expected to begin in 2009, with the first plant becoming operational in 2013. Westinghouse, owned 77% by Toshiba Corporation, 20% by Shaw and 3% by Ishikawajima-Harima Heavy Industries Co., Ltd of Japan, is the world's pioneering nuclear power company and a leading supplier of nuclear plant products and technologies to utilities throughout the world. Today, Westinghouse technology forms the basis for approximately one-half of the world's operating nuclear plants, including 60% of those in the United States. write your comments about the article :: © 2007 Construction News :: home page |