Business Standard

India still keen to buy Westinghouse reactors despite Toshiba meltdown

Toshiba this week booked a $6.3 billion charge related to huge cost overruns at Westinghouse

Representative Image
Premium

This aerial photo shows reactors of No. 1, right, and No. 2, left, at the Sendai Nuclear Power Station in Satsumasendai, Kagoshima prefecture, southern Japan

India does not expect fallout from the financial meltdown at Toshiba Corp to halt plans to buy six nuclear reactors from the Japanese company's US nuclear unit Westinghouse, a senior government official told Reuters on Friday.

Toshiba this week booked a $6.3 billion charge related to huge cost overruns at Westinghouse, forcing it to put its flash-memory chip business up for sale to stay solvent and pull out of nuclear power plant construction overseas.

India has been in talks to locate half a dozen Westinghouse AP1000 reactors in Andhra Pradesh under its drive to expand nuclear generation and wean the economy off

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in