Westinghouse, Endesa Sign Agreement on AP1000® Technology

Mar 08, 2011, 13:00 ET from Westinghouse Electric Company

PITTSBURGH, March 8, 2011 /PRNewswire/ -- Westinghouse Electric Company announced today that it has signed an agreement with Endesa to share information on the Westinghouse AP1000® nuclear energy technology. The agreement is aimed at providing Endesa with more information on the AP1000® design and performance, and with a view to potentially selecting the technology for future new nuclear projects to be built in Spain and South America.

Westinghouse announced that the agreement allows the transfer to Endesa of select proprietary Westinghouse information on the AP1000 design, its manufacture and construction. Endesa personnel will also work alongside Westinghouse in areas such as engineering, licensing, plant construction support and simulator training.

In signing the agreement at the Westinghouse Symposium in Florida, Westinghouse President of Operations Ric Perez said: "I am delighted to be signing this agreement today, recognizing the increasing interest by Endesa in our AP1000 technology. This agreement is also reflective of the ever-increasing interest in the AP1000 by potential customers throughout Europe."

Mr. Perez also pointed out that Endesa is an important and long-term customer of Westinghouse in Spain and that it could be an excellent partner for future projects in Spain or in South America.

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 pressurized water reactor 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.

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SOURCE Westinghouse Electric Company