Technology key to Chinese reactor contracts

13 May 2005

Contracts for four new nuclear reactors that may collectively cost more than $8 billion are expected to be awarded on the basis of technology transfer, according to those close to the negotiations.

According to comments reportedly made by Steve Tritch, president and chief executive of Westinghouse Electric, a unit of BNFL, "They want to become self-sufficient," and technology transfer is "a crucial part of the proposal."

Westinghouse is one of the three finalists selected along with Framatome and AtomStroyExport. Bidding for the new reactors is expected to be finished by the year end, with construction to begin in 2006.


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