Westinghouse offers backing but no more money to Sheffield Forgemasters

2 July 2010

Westinghouse has offered some limited support for its proposed partnership with Sheffield Forgemasters after the UK government withdrew its offer of an GBP 80 million (EUR 97 million) loan made under the previous administration.

In a presentation at the Platts European Nuclear Power conference in London in late June, Rita Bowser, managing director of the UK AP1000 delivery team said that it would continue to consider its deal with Sheffield Forgemasters, provided the funding could be replaced.

"We continue to believe that Sheffield Forgemasters is a high-quality supplier; we would like to see the deal come back into being," Bowser said.

The loan was part of a GBP 140 million project with Lloyds bank's Sheffield branch to support the construction and development of a 15,000-ton forging press to make the largest nuclear vessels in the world.


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