The new company, to be called PaR-TZ Nuclear Company, of which PaR Nuclear will hold a majority interest, will provide the assembly, testing and sale of new critical crane components and fuel-handling equipment, as well as the associated services and spare parts to the Chinese commercial nuclear market.
PaR-TZ Nuclear Company will be based in Taiyuan, China, located approximately 500km (311 miles) southwest of Beijing.
"China has a fast-growing economy and a dramatic need for more electricity generation," said Jack Allen, president, Westinghouse Asia. "Clean, safe, reliable nuclear power will be an important source of that electricity, and this arrangement enables us to provide close-to-the-customer solutions and support for crane component and fuel-handling equipment needs."
From 2000 to 2010, China's energy demand doubled and in 2011...Westinghouse PaR Nuclear forms fuel-handling JV in China
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