U.S. firm to build China nuke reactors

[madokie]

http://news.yahoo.com/s/ap/20061216/ap_on_bi_ge/china_energy_westinghouse

By ELAINE KURTENBACH, AP Business Writer


BEIJING - China and the United States on Saturday signed an agreement that paves the way for Westinghouse Electric Co. to build four civilian nuclear reactors in China, a multibillion dollar coup for U.S. business over French and Russian competitors.

A memorandum of understanding supporting the transfer of nuclear technology to China was signed by China's Minister for the National Development and Reform Commission Ma Kai and U.S. Energy Secretary Samuel Bodman.

"This is an exciting day for the U.S. nuclear industry," Bodman said at the ceremony. "It is an example that if we work together we can advance not only our trade relations but also our common goal of energy security."

The agreement capped several days of top-level trade talks between China and the U.S. that otherwise yielded few concrete results. It was signed on the sidelines of a closed-door meeting of five major oil importing nations hosted by China.

[annabanana]

1. Westinghouse is General Electric, right?

Now, refresh my memory.. Which Network does GE own?

[nealmhughes]

2. Westinghouse builds PWRs (pressurized water reactors) GE builds BWRs

(Boiling Water Reactors).

GE owns the Today Show network, if I'm not mistaken...