NEI Nuclear Notes

Want to see how complicated business can be? Consider : Nuclear Innovation North America LLC or NINA, the nuclear development company jointly owned by NRG Energy, Inc. and Toshiba, has awarded the engineering, procurement and construction contract for South Texas Project Units 3 & 4 to a restructured EPC consortium formed by Toshiba America Nuclear Energy Corporation, a US based Toshiba subsidiary, and The Shaw Group. Both the new nuclear units of the South Texas Project will use ABWR technology. The actual contract is a natural, as NRG owns 44 percent of the South Texas Project , so Toshiba and NRG have awarded a contract for an NRG part owned project to a Toshiba part owned subsidiary. Here’s how the Shaw Group fits in: Engineering service provider Shaw Group, Inc. announced Monday that it will expand its global strategic partnership with Japanese electronics maker Toshiba Corp. And one of the provisions: Under the global strategic partnership, Shaw will inv...