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Toshiba’s Westinghouse close to UK nuclear deal

Toshiba’s Westinghouse close to UK nuclear deal
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First Published: Fri, Sep 11 2009. 01 31 PM IST
Updated: Fri, Sep 11 2009. 01 31 PM IST
London: Westinghouse, the US subsidiary of Japan’s Toshiba, said on Thursday it is in advanced discussions to take over the long-term management of a British nuclear fuel manufacturing site.
It said if it gets the contract for the Springfields site, near Preston in the North West of England, it would look at making a “significant investment” in the facility, fuelled by its belief in the growth of Britain’s nuclear industry.
Chief executive Aris Candris told reporters that following the investment the facility could help the company fulfil demand from Europe as well as the UK.
“Especially in Europe ... we have started to be production capability restrained, so Springfields is an ideal ... arrangement,” he said.
Westinghouse already has a short-term contract to operate the site which ends on 31 March 2010, and it is hoping to finalise the long-term arrangements with Britain’s Nuclear Decommissioning Authority over the coming months.
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First Published: Fri, Sep 11 2009. 01 31 PM IST