Hitachi and GE in nuclear deal

The two business giants agree to build and maintain plants in Japan and the US.

A final contract will be signed in 2007
A final contract will be signed in 2007

Hitachi said in a statement on Monday: “We aim to grow in the global nuclear power market, such as in advanced boiling-water reactors, by generating synergies with our expertise and experience.”

Meanwhile, Hitachi has completed a $4.2bn deal for Westinghouse, a nuclear power plant in the US.

Recently France’s Areva, the world’s largest maker of nuclear reactors, and Japan’s Mitsubishi Heavy Industries said they would co-operate in the sector.

Source : News Agencies

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