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US giant buys S. African nuclear firm
Tue, 06 Nov 2007 20:44:04
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Westinghouse' logo
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American nuclear technology giant Westinghouse Electric Company has purchased IST Nuclear, the leading nuclear company in South Africa.
Westinghouse opened Monday its newly acquired South African operation dubbed 'Westinghouse Electric South Africa', Southafrica.info reported on Tuesday.
IST Nuclear is a leading provider of services and systems for South Africa's Pebble Bed Modular Reactor (PBMR) project.
"Westinghouse has long been a proponent of the PBMR, and this acquisition will allow us to become even more involved as PBMR moves toward commercialization," Nick Liparulo, Vice-President of engineering services for Westinghouse, said in a statement.
At the same time, Westinghouse views South Africa as a promising market for its particular brand of nuclear power plant, a third-generation pressurized water reactor system known as the AP1000.
In September, state-owned power supplier Eskom said it had short-listed Westinghouse, along with French nuclear giant Areva, as potential builders of South Africa's second nuclear power plant.
Eskom has reportedly set 30 June 2015 as the date by which it wants to have its first new nuclear reactor up and running by.
The state supplier has indicated that it is planning to build as many as five new nuclear power stations by 2025.
DT/RE
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