Toshiba and CB&I have agreed to terminate a number of agreements originally signed between Shaw Group and Toshiba related to construction of two Advanced Boiling Water Reactors (ABWRs) at the South Texas Project (STP). Since the agreements were signed in 2010, Shaw was acquired by CB&I, which later sold the reactor construction business to Westinghouse, itself a Toshiba company. In November 2010, Shaw Group and Japan’s Toshiba announced a global strategic partnership giving Shaw exclusive rights to provide engineering, procurement and construction (EPC) services for Toshiba ABWRs, including a contract for the planned STP reactors. Through that agreement, Shaw was to become the exclusive EPC contractor for Toshiba ABWRs in all countries except Japan and Vietnam for the next 20 years.
World Nuclear News 16th May 2016 read more »