BIZCHINA / Center |
Westinghouse wins nuclear power contractBy Wan Zhihong (China Daily)Updated: 2006-12-27 11:11 Compared to other plant designs, the AP1000 can generate the same amount of power with 50 per cent fewer valves, 35 per cent fewer pumps, 80 per cent less piping and high-voltage alternating current units, which makes the construction of the power plants more economical. "Apart from the advanced technology and competitive price, we are offering an all-round technology transfer," Liu said. Stephen R Tritch, president and chief executive officer (CEO) of Westinghouse, earlier told China Daily that Westinghouse will fully co-operate with its Chinese customers to transfer all technology as requested. Westinghouse's bid was partly delayed after the company was bought by Toshiba, Japan's largest maker of nuclear power plant equipment. Toshiba bought Westinghouse for US$5.4 billion earlier this year to bolster its position in the nuclear power industry. "However, it is important to notice that Westinghouse will continue to be a US-operated company with the technology in the control of the US Government," Tritch said. Although Westinghouse said it won the contract mostly because of advanced
technology, some analysts contend that the agreement plays a role in warming
trade relations between the United States and China, the world's top two energy
consumers.
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