Nuclear Power Delivery UK Sign Preliminary Contract With Horizon

LONDON, Aug. 2 /PRNewswire/ -- Nuclear Power Delivery UK - the delivery organisation for the Westinghouse-designed AP1000™ nuclear reactor - today signed a contract with Horizon Nuclear Power for preliminary work to be carried out between now and the end of the year, as part of preparatory design studies for Horizon's proposed new power station in North Wales.

Managing Director of Nuclear Power Delivery UK, Dr. Rita Bowser, said, "This is a welcome demonstration from Horizon that they are progressing the option for building new nuclear plants in the UK, starting at Wylfa in North Wales. We are working closely with Horizon to ensure we make them the best possible proposal in terms of the AP1000 design, and we are preparing for success so that we are well positioned to move quickly if we are selected as their preferred choice around the end of 2010."

She added, "Today's announcement of the Early Works Agreement with our team is a very positive sign of Horizon's determination to make sure that they are able to secure an attractive bid from us while maintaining their timeline. We believe that the AP1000 design offers a very attractive combination of features for Horizon's proposed development, and that the construction experience of the AP1000 plants which are currently being built on schedule in China (and will also be built in the US) will be invaluable in providing confidence that future UK plants can be built on time and to budget."

About Nuclear Power Delivery UK:

Nuclear Power Delivery UK is a team comprising Westinghouse Electric Company, The Shaw Group, Laing O'Rourke and Toshiba. For more information on Nuclear Power Delivery UK, visit:

www.nuclearpowerdeliveryuk.co.uk

About Westinghouse:

Westinghouse Electric Company, a group company of Toshiba Corporation (TKY: 6502), is the world's pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world's first PWR in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants, including 60 percent of those in the United States.

About Shaw:

The Shaw Group Inc. (NYSE: SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2009 annual revenues of $7.3 billion, Shaw has approximately 28,000 employees around the world, including more than 1,500 people employed in the U.K., and is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. The Shaw offers a premier portfolio of nuclear, fossil and renewable power expertise, delivering safe, efficient and clean energy solutions around the world. Shaw maintains a 20 percent equity interest in Westinghouse.

About Toshiba:

Toshiba is a world leader and innovator in pioneering high technology, and a diversified manufacturer and marketer of advanced electronic and electrical products spanning information and communications systems; digital consumer products; electronic devices and components; power systems, including nuclear energy; industrial and social infrastructure systems; and home appliances. Toshiba was founded in 1875, and today operates a global network of more than 740 companies, with 204,000 employees worldwide and annual sales surpassing 6.3 trillion yen (US$68 billion).

About Laing O'Rourke:

Laing O'Rourke is the largest privately owned construction firm in the UK operating across Europe, the Middle East, South Asia and Australia. Led by Chairman and Chief Executive, Ray O'Rourke, the business has grown rapidly since the acquisition of Laing by R.O'Rourke & Son Ltd in 2001. Employing over 30,000 people across Europe, the Middle East, South Asia and Australia, the company's operations span five core sectors: lifestyle; business; social infrastructure; transport and mining; and energy, utilities and waste.

SOURCE Nuclear Power Delivery UK