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Westinghouse nuclear plans delayed in Florida and in India

Westinghouse says Florida nuclear units to be delayed US nuclear regulator action delays Florida units By C.J. Kuncheria, NEW DELHI, Feb 3 (Reuters) – Nuclear energy firm Westinghouse Electric, owned by Japan’s Toshiba Corp (6502.T), said regulatory issues would delay the starting of two reactors it is building in Florida by 1-½ to 3 years.

Westinghouse is building the units for Progress Energy (PGN.N), and they were originally planned to have come up in 2018. Work has been delayed as the U.S. Nuclear Regulatory Commission (NRC) would not allow the utility to start work at the sites before receiving a licence………………

INDIA PLANS

A 2008 nuclear energy treaty between the United States and India has opened up the multi-billion dollar market for U.S. firms like Westinghouse and General Electric (GE.N).

However, the companies cannot do business until the two countries reach another agreement on reprocessing spent nuclear fuel, putting U.S. firms at a disadvantage to French and Russian rivals such as Areva (CEPFi.PA) and Rosatom.

UPDATE 1-Westinghouse says Florida nuclear units to be delayed | Reuters

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February 4, 2010 - Posted by | 2 WORLD, business and costs | , , , , , , ,

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