Westinghouse Electric wins a Chinese Nuclear Contract

Toshiba Corp.’s Westinghouse Electric has received a massive international nuclear reactor contract from china.

This contract is worth around $5.3 billion and is the biggest international nuclear reactor contract in history.

Westinghouse would now be setting up two reactors at Sanmen in Zhejiang province and two at Yangjiang in Guangdong. This was confirmed by the U.S. Department of Energy.

The contract was signed after two years of negotiating and lobbying by Westinghouse. They had to counter bids from Paris-based Areva and Russia’s AtomStroyExport for this project.

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