Shares in Toshiba rose to six-month highs after its US unit Westinghouse clinched a nuclear deal in India – a rare bright spot for the Japanese conglomerate that has suffered record losses and streamlined its operations in the wake of a $1.3bn accounting scandal. The Westinghouse deal would mark the first order since the Fukushima Daiichi nuclear disaster in 2011, and sent Toshiba’s shares up by as much as 6.4 per cent on Thursday. The US and India this week set a June 2017 deadline to conclude negotiations for Westinghouse to build six AP1000 nuclear reactors in South India. The agreement, which came during a meeting between US President Barack Obama and India’s prime minister Narendra Modi at the White House, represented a significant advance in civilian nuclear co-operation between the two countries. But analysts said it also confirmed that clima te change concerns will underpin demand for nuclear plants in emerging markets such as India, even after a meltdown at the Fukushima nuclear plant in 2011 forced Japan, Germany and other countries to rethink their energy policies. Danny Roderick, Westinghouse chief executive, has said the company expects to win 50 new contracts in India and China over the next decade.
Reuters 9th June 2016 read more »
Westinghouse can start building six AP1000s in India following an agreement signed yesterday during talks at the White House between Indian Prime Minister Narendra Modi and US President Barack Obama. It is the first such opportunity for a US company since the countries signed a civil nuclear deal in 2008.
World Nuclear News 8th June 2016 read more »