Four companies in bidding for Westinghouse

ByRod Adams

Four companies, two with headquarters in the United States – General Electric and Shaw Group – and two with their headquarters in Japan – Mitsubishi Heavy Industries and Toshiba – are viewed as the front runners in the growing bidding war for Westinghouse.

Westinghouse is a wholly owned subsidiary of BNFL, an integrated nuclear plant supply company owned by the British Government.

The initial price tag set for Westinghouse was approximately 1 billion pounds stirling, (about $1.8 billion) but the final price is expected to rise significantly above that mark. Since the sale was announced, there have been several new announcements by utility companies planning to apply for licenses to build Westinghouse designed AP-1000 nuclear power plants, and Westinghouse is still in the running for a four reactor project in China.

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

Similar Posts

  • BusinessWeek cannot be serious!

    ByRod Adams

    In the December 12, 2005 issue of BusinessWeek magazine, there is a “Special Report” titled Business gets serious about emissions. The article talks about a number of initiatives, actions, technologies, policies, and regulations related to the issue of reducing greenhouse gas emissions in the face of almost certain cost increases attributed to global climate change….

  • South Korean Consortium Wins UAE Reactor Deal – Bid Was $16 Billion (40%) Lower Than Areva Led Consortium

    ByRod Adams

    The United Arab Emirates UAE announced today that it had chosen a South Korean consortium that includes Korea Electric Power Corp., Westinghouse Electric, Hyundai Engineering and Construction, Samsung C&T Corp and Doosan Heavy Industries to supply four nuclear power plants, each producing approximately 1400 MW of electricity. The winning bid has been reported to be…

  • New Nuclear Power Plant for Piketon, Ohio?

    ByRod Adams

    At the risk of overloading you with new posts from Atomic Insights – three in one day is a bit much – I have to share one more story that kind of caught me by surprise. Apparently there is going to be a major announcement staged at Piketon, Ohio, the site of a former enrichment…

  • Interview with Ted Rockwell, one of the key members of the Shippingport development team

    ByRod Adams

    On December 18, 2007, I celebrated the 50th anniversary of commercial nuclear power by spending about an hour with Dr. Theodore (Ted) Rockwell. Ted was a key member of the Shippingport design, construction and operation team that included the Naval Reactors branch of the Atomic Energy Commission, Duquesne Light Company and Westinghouse Electric Company. You…

  • Sleeping guard video from YouTube

    ByRod Adams

    In my last post I asked about your reactions to the long running story of the security guards who were caught napping in the ready room at the Peach Bottom Atomic Power Station. A reader’s question led me to make it easier for you to find the video of that illustrate the basis for the…