Latest News

Filters

Filter by tags: Japan India Westinghouse Electric Company Clear all tag filters

2 news articles found


US President Barack Obama and Indian Prime Minister Narendra Modi have announced that engineering and design work will begin on a site in India for Westinghouse Electric Company (part of Japan's Toshiba) to build six Generation III+ AP1000 pressurised water reactors. The deal is expected to be signed within a year, and would be the first contract under the US-India civil nuclear accord reached in 2008. The project is still arranging financing, with the support of the US Export-Import Bank. "Culminating a decade of partnership on civil nuclear issues, the leaders welcomed the start of preparatory work on-site in India for six AP 1000 reactors to be built by Westinghouse and noted the intention of India and the US Export-Import Bank to work together toward a competitive financing package for the project," the White House said in a statement.

Date: Thursday, 23 June 2016
Original article: neimagazine.com/news/newsus-moves-into-indian-market-4931198