The agreements call for Westinghouse, a unit of Toshiba Corp., to hand over technology that will allow the Chinese buyers to build their own version of the AP1000 nuclear power plants in the future.
Foreign suppliers of nuclear power technology are looking to China to drive sales as revenues elsewhere slow.
Facing soaring power demand for its booming economy, the communist government is expected to build as many as 32 nuclear power plants by 2020 in an effort to cut reliance on imported oil.
China has 11 nuclear reactors in operation. All of the reactors use technology one generation behind the new Westinghouse model.
[Associated Press]
Copyright 2007 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
redistributed.
![](http://archives.lincolndailynews.com/2007/Jul/24/images/ads/current/odonohue's%20bch%20061107.png)
![](http://archives.lincolndailynews.com/2007/Jul/24/images/ads/current/business_directory_button.png) |