As Westinghouse is already struggling to win more business for the AP1000 reactor, India’s continuation with talks may be consolatory as the job has become much harder after the suspension of two of the four reactors in the US.
Earlier this week, work was suspended at two nuclear reactors being built by the American company in South Carolina with immediate effect due to spiraling costs. It has also dimmed the hope for other plants owned by Southern Company in Georgia.
In March this year, Westinghouse had filed bankruptcy protection which created a wider financial crisis to its owner Toshiba. In response to trouble all over the world for Westinghouse, Singh said, “The filing of bankruptcy by M/s WEC has been noted. Read More…
Credit By: Sputnik News
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