• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Home
  • About
  • Podcast
  • Archives

Atomic Insights

Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer

Hemscott reports Westinghouse in the lead for China project

November 5, 2006 By Rod Adams

It has been a tantalizing target for more than two years. In the early fall of 2004, China let it be known that it was interested in purchasing four large nuclear power reactor plants from international suppliers. The identified field of competitors from the early stages of the project included Westinghouse, Areva, and Atomstroyexport. (See, for example, a September, 2004 article titled Foreign energy giants bid for China’s nuclear contracts.)

Several times, it has been announced that the decision is near, but there have been numerous reasons given for delay. Because of the history of this offering, I recognize that I may be simply spreading a rumor, but I thought it was interesting to find out that at least one publication is reporting that Westinghouse may soon land the contract with what I think is a pretty aggressive bid – reportedly just $1,000-1,200 USD per kilowatt capacity.

You can find the article at Westinghouse seen edging out Areva in China nuclear plant bidding – report. The article is on the Hemscott web site. I have never before heard of this company – here is how they describe themselves in their “About Hemscott” link:

Hemscott is a leading international provider of high quality business & financial data and investor relations services. We have offices in the UK and US serving local and global markets.

If Westinghouse wins, it would be a good thing in the short term for the US – China trade balance, but I have my concerns about the technology transfer that is an integral part of the deal. Industrial history has shown that technology transfers to that country usually end up as job transfers after the mind melds have occurred.

Filed Under: Uncategorized

About Rod Adams

Rod Adams is an atomic energy expert with small nuclear plant operating and design experience, now serving as a Managing Partner at Nucleation Capital, an emerging climate-focused fund. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., one of the earliest advanced nuclear ventures, has engaged in technical, strategic, political, historic and financial discussion and analysis of the nuclear industry, its technology and policies for several decades. He is the founder of Atomic Insights and host and producer of The Atomic Show Podcast.

Please click here to subscribe to the Atomic Show RSS feed.

Primary Sidebar

Categories

Join Rod’s pronuclear network

Join Rod's pronuclear network by completing this form. Let us know what your specific interests are.

Recent Comments

  • Gordon Mcdowell on Atomic Show #297 – Krusty – The Kilopower reactor that worked
  • Greg White on Atomic Show #297 – Krusty – The Kilopower reactor that worked
  • Gerrit Bruhaug on Atomic Show #297 – Krusty – The Kilopower reactor that worked
  • Eino on Atomic Show #297 – Krusty – The Kilopower reactor that worked
  • David on Atomic Show #297 – Krusty – The Kilopower reactor that worked

Follow Atomic Insights

The Atomic Show

Atomic Insights

Recent Posts

Atomic Show #297 – Krusty – The Kilopower reactor that worked

Nuclear energy growth prospects and secure uranium supplies

Nucleation Capital’s Earth Day in Atherton

Atomic Show #296 – Julia Pyke, Director of Finance Sizewell C

Solar’s dirty secrets: How solar power hurts people and the planet

  • Home
  • About Atomic Insights
  • Atomic Show
  • Contact
  • Links

Search Atomic Insights

Archives

Copyright © 2022 · Atomic Insights

Terms and Conditions - Privacy Policy