Chinese-U.S. Deal Opens Opportunities for Nuclear Cooperation

At a Dec. 16, 2006, meeting in Beijing, the Chinese government awarded U.S.-based Westinghouse Electric Corporation a multi-billion dollar contract to supply China with its next generation of nuclear reactors. The Westinghouse deal represents the single largest international nuclear power transaction in history. During the next few months, the two countries will negotiate a framework agreement to govern the sale. After that, Westinghouse and China National Nuclear will sign a detailed sales contract for the four 1,000-megawatt reactors. Chinese and American companies will build two of the four reactor units at Sanmen in Zhejiang Province and two at Yangjiang in […]

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