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Trump administration doesn’t want China to buy Westinghouse

Another month in UK’s failing new nuclear programme nuClear News No.94 April 2017 The Trump administration is working to find a new owner for Westinghouse, but doesn’t want the Company to fall under Chinese control. The administration is “keenly aware” of the national security implications attached to the sale of the company, and is trying to pre-empt any possible blocking of a deal by making clear at an early stage that the US government would take a tough stance on any significant Chinese role. A US-led deal for even the profitable operations of Westinghouse could be tricky to arrange though. The only US company with substantial nuclear engineering operations is General Electric, through its joint venture with Hitachi, but its technology is different from Westinghouse’s. Westinghouse has close links to China, where it has four of its AP1000 reactors under construction. As part of the deal for those projects, Westinghouse agreed to transfer intellectual property relating to the plants. More than 75,000 No2NuclearPower nuClear news No.94, April 2017 4 documents were handed over to its Chinese customers in 2010 in the first stage of implementing that agreement. (11)


April 8, 2017 - Posted by | business and costs, politics international, USA

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