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Exelon and Westinghouse in Saudi nuclear agreement

September 10th, 2013

Westinghouse, Exelon Nuclear Partners and Toshiba have signed up to a memorandum of understanding designed to build co-operation around developing nuclear power plants in the Kingdom of Saudi Arabia.

Saudi Arabia recently announced plans to build as many as 16 reactors over the next two decades and international vendors have since been positioning themselves to win a piece of the $80bn it's estimated the Saudi nuclear fleet would cost.

The memorandum of understanding between Exelon, Toshiba and Westinghouse paves the way for a joint proposal from the companies.

Under it, Exelon would handle operations and associated services, while Toshiba and Westinghouse offer their advanced reactor designs, according to a Westinghouse release.

The MOU announced this week also allows the companies to promote the Westinghouse AP-1000 pressurized water reactor.

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