Power Group Online Article |  | |
2 March 2007 - Westinghouse Electric Company and its consortium partner, The Shaw Group have negotiated 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 significant funding for long lead materials and early engineering. The agreement follows the selection of the Westinghouse Consortium as the technology partner for the next generation of nuclear power plants that was announced in December 2006. The selection of the Westinghouse consortium by SNPTC 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, will be finalized by middle part of this year. Construction is expected to begin in 2009, with the first plant becoming operational in 2013.
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