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PostPosted: May 18, 2017 11:05 pm 
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Indian cabinet approves plans to build 10 nuclear reactors

Very wise. They are cost effective Indian PHWR,s.


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PostPosted: May 24, 2017 3:30 pm 
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May 24, 2017—Westinghouse Electric Co. interim President and Chief Executive Officer José Gutiérrez said the company is "very stable" and expressed confidence that it will emerge from Chapter 11 bankruptcy "quickly, better, stronger and more competitive." Westinghouse is working with its customers to find a solution to complete the Vogtle and V.C. Summer reactors, Gutierrez said at the Nuclear Energy Assembly this morning in Scottsdale, Arizona. He added that the problems that led to the Chapter 11 filing have nothing to do with the AP1000 technology and that the reactors being built in China are proceeding well.

Troubled by significant cost overruns on construction of the Vogtle and Summer reactors, Westinghouse filed for bankruptcy protection on March 29 to protect its core businesses and give the company time to restructure for continuing operation. The nuclear industry’s annual meeting, which drew some 700 participants, marked the first time that Westinghouse has spoken about the filing in a large gathering, Gutierrez said.

Construction of these reactors has never gone as smoothly as Westinghouse had hoped, he said, and was further complicated by post-Fukushima requirements imposed by the U.S. Nuclear Regulatory Commission after it had approved the AP1000 design. He said the company is working with its customers—Southern Nuclear and SCANA Corp.—to devise a solution to enable completion of the reactors. He did not elaborate.

Gutierrez said Westinghouse’s core businesses remain strong. In fact, since filing for bankruptcy, the company has been awarded several fuel and services contracts. “That’s a demonstration of confidence” in Westinghouse, he said. The company also has delivered fuel to 21 reactors in the past three months without compromising any outage schedules.

Westinghouse remains committed to its reactor design business as well and will pursue future sales, he said. However, the project model will be closer to that used in China than the Vogtle and Summer projects in which Westinghouse took on the unfamiliar role of constructor.

Echoing remarks by NEI President and CEO Maria Korsnick on Tuesday, Gutierrez emphasized the importance of nuclear energy to meet the world’s growing need for electricity and said it is important that the United States regain its leadership position in nuclear energy technology.

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"Those who say it can’t be done are usually interrupted by others doing it."

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PostPosted: May 25, 2017 10:47 am 
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Joined: Nov 30, 2006 3:30 pm
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Toshiba may seek buyers for Westinghouse starting this fall

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Tokyo-based Toshiba has “signalled pretty clearly to the market” that it wants to divest a majority stake in Westinghouse, Marano said in an interview at the Nuclear Energy Assembly in Scottsdale, Arizona, on Tuesday. Toshiba put Westinghouse into bankruptcy in the US on 29 March and has since warned it may not be able to continue as a going concern because of the losses from the business.

Toshiba president Satoshi Tsunakawa has said the company may sell the unit which has been hit with billions of dollars in losses from cost overruns on nuclear projects. Possible bidders may come from China or South Korea, which are developing their own reactors for export, according to analysts and academics. Private equity firms are also among potential suitors. Apollo Global Management LLC won a bidding war to lend Westinghouse $800 million to fund operations as it tries to reorganize.


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