TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Clinton backs Westinghouse bid to build Czech reactors

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Bloomberg News
Tuesday, Dec. 4, 2012, 10:22 a.m.
 

Secretary of State Hillary Clinton urged the Czech government to diversify its energy sources by picking Westinghouse Electric Co. as a supplier for two new reactors at CEZ AS's Temelin nuclear plant.

“We are encouraging the Czech Republic to diversify” its energy sources and suppliers in a way that is environmentally sound and safe, Clinton said in Prague on Monday. Earlier, she met with Czech Foreign Minister Karel Schwarzenberg. The United States hopes “that Westinghouse will receive the utmost consideration.” The secretary, traveling in Europe to discuss NATO funding commitments, urged Czechs to reduce their dependence on Russian energy. She touted Westinghouse technology as having the highest safety standards.

CEZ, the Czech state-controlled power utility, plans to pick the supplier of the Temelin reactors by the middle of next year. Westinghouse, based in Cranberry, is competing for the $10 billion project against a Russian-Czech group led by Atomstroyexport, a unit of Russia's state-run Rosatom Corp.

Accepting Westinghouse's bid would create jobs and spur investment opportunities in both countries, Clinton said.

Paris-based Areva SA, the world's largest supplier of nuclear fuel, was disqualified from bidding in October and has appealed to the Czech anti-monopoly office.

The Czechs buy 60 percent of their oil, 70 percent of their natural gas and all of their nuclear reactor fuel from Russia. All of the country's 6 nuclear reactors are of Soviet design.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. IBM to pay $1.5B to shed chip division
  2. Natrona Bottling Co. keeps soda pop operation small, putting effort into craft, taste
  3. Streaming won’t mean the end of cable
  4. PPG Industries to buy Westmoreland Supply paint store chain
  5. Fannie Mae might take 3% down
  6. Open enrollment puts varied impact of health care law back in focus
  7. Hackers rip into heart of open-source software
  8. Stocks on upswing
  9. Plastics, tech sectors crucial to cracker plants
  10. PNC posts higher 3Q profit despite lower revenue
  11. Number of chronic safety violators in mining industry drops
Subscribe today! Click here for our subscription offers.