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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:54 AM
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Mitsubishi Heavy Expects First Europe Reactor Sale
Jan. 25 (Bloomberg) -- Mitsubishi Heavy Industries Ltd., which has developed the worlds biggest atomic reactor, expects to win its first nuclear power plant order in Europe next year, challenging Areva SA in its own backyard.

Japans largest heavy machinery maker anticipates a high possibility of a utility in northern Europe selecting its new 1,700-megawatt model that comes with advanced fault detection technology, Akira Sawa, head of the companys atomic business, said in an interview. The U.K. and Switzerland have also sought atomic plant proposals from Mitsubishi Heavy, he said.

We should be able to expand smoothly into other European countries after Northern European governments, which impose tough regulations, sign off on our product, Sawa, 61, said Jan. 19 in Tokyo. He declined to name the company or country Mitsubishi expects to win the order from.

Teollisuuden Voima Oyj, the Finnish utility known as TVO, said it shortlisted Mitsubishi Heavys EU-APWR model along with reactors from Areva, Toshiba Corp., GE Hitachi Nuclear Energy and Korea Hydro & Nuclear Power Co. Asian suppliers are making competition tougher for Frances Areva, the worlds biggest reactor builder, which lost a $20 billion contract in the United Arab Emirates last month to a group led by Korea Electric Power Corp.

http://www.bloomberg.com/apps/news?pid=20601072&sid=a7J...
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