Exclusive: Westinghouse discussing group bid for Saudi nuclear tender

22 Nov 2017   Nuclear, Saudi Arabia

Toshiba-owned Westinghouse ( 6502.T ) is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, three industry sources said. Saudi Arabia, the world’s top oil producer, sent a request for information (RFI) to reactor builders worldwide last month in a first step towards opening a formal tender, Reuters has reported. A nuclear newcomer, it wants to use atomic power to generate electricity at home so it can export more crude. Taking part in the tender would be a major step for reactor builder Westinghouse after it went into chapter 11 bankruptcy this year. U.S. utilities also abandoned two half-finished Westinghouse AP1000 reactors at V.C. Summer in the United States. Toshiba, which is looking for a buyer […]

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