Hitachi, GE to build two U.S. nuclear plants
By Chris Oliver, MarketWatch
Last Update: 1:20 AM ET Jun 23, 2006
HONG KONG (MarketWatch) -- Japan's Hitachi Ltd has been selected along with U.S. based General Electric to build two nuclear power plants in Texas in a deal worth up to $5.2 billion, the Nikkei daily reported in its Friday morning edition.
Construction on the project is expected to begin in 2009, with the facilities to come on stream in 2014.
Hitachi and GE will build the reactors under contract for NRG Energy , which said it officially informed the U.S. Nuclear Regulatory Commission Monday of its intent to construct two 1.35 million kw upgraded boiling reactors at the existing South Texas Project nuclear facility.
A General Electric spokesman in the U.S. declined to confirm the report or comment on it.
In a statement, NRG said it intends to work with GE and Hitachi in the development of the project, but did not specify division of roles in terms of design, manufacturing and installation of core equipment.
No new plant has been commissioned in the U.S. since the 1970s.
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