Westinghouse Confirms Strategically Important Partnership With Czech Firm Vitkovice

PRAGUE, July 9, 2012 /PRNewswire via COMTEX/ -- Westinghouse Electric Company today confirmed an important strategic partnership with Czech company Vitkovice a.s., in preparation for the potential construction of Westinghouse AP1000® nuclear power plants in the Czech Republic. 

In accordance with the partnership, Vitkovice will join the Westinghouse/Toshiba/Metrostav team to jointly offer as a potential fabricator of key structural and mechanical equipment modules, should the AP1000 reactor be selected to complete the expansion of the Temelin Nuclear Power Plant. The AP1000 has been designed to make use of modern modular-construction techniques, which allow many more construction activities to proceed in parallel. This reduces the calendar time for plant construction, thereby reducing the cost of money and the exposure risks associated with plant financing. These construction techniques are already being utilized with great success in the U.S. and China. This potential scope of supply represents a very significant percentage of the total plant construction. 

The strategic partnership marks a further important milestone in Westinghouse's ongoing activities to develop and subsequently deliver a highly competitive tender to CEZ, for the construction of two AP1000 reactors at the Temelin site in the South Bohemian region of the country.

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