PITTSBURGH, March 30 /PRNewswire/ -- Westinghouse Electric Company
today announced it has won a five-year contract to provide nuclear fuel
supplies to three Ukrainian reactors beginning in 2011. Ukraine relies on
nuclear power generation for nearly 50 percent of its energy requirements.
The genesis of Westinghouse's introduction into the Ukrainian nuclear
fuel marketplace was an award in 2000 by the U.S. Government for the
development of an alternative nuclear fuel supply which successive
Ukrainian governments have supported. This contract represents a major
commitment from both Westinghouse and Ukraine in ensuring that alternative
and competitive nuclear fuel supplies are available to the benefit of
Ukraine's nuclear energy provider and, ultimately, its citizens.
Aris Candris, Westinghouse Senior Vice President, Nuclear Fuel, said
this contract is significant because it represents one of the largest
energy supply diversification commitments in the history of Ukraine,
greatly increasing the country's overall energy security.
"Westinghouse is extremely pleased to receive this landmark award that
represents nearly one-quarter of Ukraine's annual nuclear fuel needs. The
high confidence in Westinghouse's capabilities and competitiveness by the
nuclear utility, Energoatom, through this contract marks an important
milestone in the development of a competitive marketplace in Ukraine and
throughout Central and Eastern Europe for nuclear fuel."
Westinghouse, a group company of Toshiba Corporation, is the world's
pioneering nuclear power company and is a leading supplier of nuclear plant
products and technologies to utilities throughout the world. Westinghouse
technology today is the basis for approximately one-half of the world's
operating nuclear plants.
SOURCE Westinghouse Electric Company
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Related links:
http://www.westinghousenuclear.com
http://www.prnewswire.com/comp/127481.html/
CONTACT:
Vaughn Gilbert, Westinghouse Electric
Company, +1-412-374-3896, gilberhv@Westinghouse.com
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