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Toshiba to withdraw from Indian nuclear projects! India nuke lobby and Government says “NO COMMENT”

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Toshiba – OUT OF INDIA
In India, Westinghouse has also been in talks with state-owned Nuclear Power Corporation of India about a contract to build six AP1000s, a project strongly backed by both Prime Minister Narendra Modi and former US President Barack Obama.

The three sources said that was now almost impossible.

“The Indian government was happy to have one sole counterpart, but this cannot continue,” the first source said, adding that either an Indian civil engineering group or a foreign, possibly American, group would have to step in to negotiate, oversee and eventually finance the project.

Westinghouse would instead just provide nuclear equipment, the source said.

Representatives for India’s state-run nuclear body and the Ministry of External Affairs did not immediately respond to requests for comment.

Westinghouse has traditionally been a builder of nuclear reactors, not entire nuclear power plants including steam turbines, generators and transformers.

But as tightening safety regulations following Fukushima made building nuclear plants more expensive, nuclear reactor builders and their shareholders have been increasingly forced to take on the civil engineering side too.

The source said Westinghouse will return to its roots as a nuclear specialist, while Toshiba will stop taking on projects to build entire nuclear plants just so that Westinghouse can sell its AP1000 reactors.

“Toshiba will withdraw from being a general contractor for nuclear plants,” the source said.

http://energy.economictimes.indiatimes.com/news/power/battered-toshiba-seeks-exit-from-uk-india-in-nuclear-retreat-sources/56962319

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February 3, 2017 - Posted by | Uncategorized

1 Comment »

  1. […] via Toshiba to withdraw from Indian nuclear projects! India nuke lobby and Government says “NO COMMENT… […]

    Pingback by Toshiba to withdraw from Indian nuclear projects! India nuke lobby and Government says “NO COMMENT” — nuclear-news – ameoti.co.uk | February 3, 2017 | Reply


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