Bloomberg News

Westinghouse, Shaw to Sign China Nuclear Contract Tomorrow

July 23, 2007

Toshiba Corp.'s Westinghouse Electric Co. will sign an agreement with Chinese partners to build four reactors in China, the U.S. embassy in Beijing said.

Westinghouse, Shaw and Chinese companies including State Nuclear Power Technology Corp. will sign the agreement for the ``multi-billion-dollar'' contract in Beijing tomorrow, the embassy said in an e-mail to reporters today.

Westinghouse's chief executive officer, Steve Tritch, will sign the contract, it said.

U.S. Energy Secretary Samuel Bodman and Ma Kai, head of China's National Development and Reform Commission, signed an initial agreement in Beijing on Dec. 16 awarding four reactors to Westinghouse. The U.S. company was bought by Japan's Toshiba for $4.16 billion in October.

To contact the reporter on this story: Winnie Zhu in Shanghai at wzhu4@bloomberg.net Wang Ying in Beijing at ywang30@bloomberg.net

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net.


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