Tuesday, January 23, 2007

Japan and China May Pursue Nuclear Energy Cooperation

Form Kyodo News:

Japan and China are considering compiling an action plan by the end of this year for full-fledged cooperation on nuclear power for civilian purposes, including preventing technology from being diverted to third parties, government sources in Tokyo said Monday.

The plan is aimed at paving the way for Japanese companies involved in nuclear power to do business in China, where reactor construction is expected to increase to meet mounting energy demands, the sources said.

It comes as a followup to an agreement in October between Prime Minister Shinzo Abe and President Hu Jintao that the two countries enhance cooperation in energy.
With Toshiba subsidiary Westinghouse having recently won a contract to build four AP-1000 reactors in China, such a deal seems to make a lot of sense.

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1 comment:

Anonymous said...

Actually, Westinghouse did not yet sign a contract with China. They only signed a letter of intent. The contract details continue to be negotiated.