Just before heading out for a Christmas party, I noticed a link to the following article from Bloomberg.com in my Google News alerts – Westinghouse Wins $5.3 Billion China Nuclear Contract (Update5).
This is the same contract that was originally supposed to be awarded by the end of 2005. The contract selection follows about 18-24 months worth of intensive negotiation between China National Nuclear and the three major bidders for the contract – Westinghouse, Areva, and AtomStroyExport.
Construction is scheduled to begin in early 2007 and the first unit should be operational by 2013.
Steve Tritch, Westinghouse’s president, had this to say about the deal:
“The Chinese were very demanding,” he (Steve Tritch) said at the State Guest House, where the accord was signed. “Chairman Ma and the NDRC were very demanding,” he said without elaborating.
