SC utility, Westinghouse agree to sell nuclear equipment, Temporary contractor threw Trump mail-in ballots in trash, Pa. county officials say, Barr briefed Trump on investigation into discarded Pennsylvania ballots, With Democrats' votes split, party may risk being shut out of Senate runoff. [57] A 2008 contract was agreed to supply VVER-1000 fuel;[58] however, in trial use the fuel became deformed. Research and development investment in fuel manufacturing has been low, which has impacted the quality and comparative performance of its fuel compared to competitors. Westinghouse Electric Company is pleased that the Tank Closure Cesium Removal (TCCR) unit supplied to the Savannah River Site (SRS) in South Carolina, U.S. for the tank closure demonstration project has proven successful following initial operation. We see strong prospects for the business, leveraging the deep knowledge and experience of its employees to drive excellence in client service and innovation. Kazatomprom's ownership is entirely passive, with no voting or veto rights or presence on the board of directors. All rights reserved. The agreement between Santee Cooper and Westinghouse Electric Co. will have the companies evenly split the money made off selling major nuclear equipment that hasn't been installed, according to the settlement announced Monday. [62], In December, 2006, China's State Nuclear Power Technology Company (SNPTC) selected Westinghouse to provide four new AP1000 nuclear power plants. [30], On 6 April 2018, Toshiba announced the completion of the sale of Westinghouse's holding company to Brookfield Business Partners and some partners for $4.6bn. [27], On 29 March 2017, Toshiba's Westinghouse filed for Chapter 11 bankruptcy, citing a yearly loss for Toshiba that could exceed $9 billion, almost three times its previous estimate. On March 24, 2017, parent company Toshiba announced that Westinghouse Electric Company would file for Chapter 11 bankruptcy because of US$9 billion of losses from nuclear reactor construction projects. [65] IST Nuclear provides services and systems for the pebble-bed reactor. Our new nuclear power plant design portfolio includes specific customer-driven designs including: Our flagship plant, the AP1000® PWR, is based on demonstrated, licensed technology with simplified safety systems that rely solely on natural forces. As of 2014, about 400 employees are part of Westinghouse in France. Energy & Environment New Nuclear Regulation & Safety Nuclear Policies Corporate Uranium & Fuel Waste & Recycling COVID-19 … The money made from selling the equipment will also go into a rate freeze for customers, Santee Cooper said in a statement.