AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)

Japan's Toshiba Corp said Thursday it is in talks with US firms on securing nuclear power plant contracts, as a report said it was set to clinch the 13.7-billion-dollar deals. "It is true that our subsidiary Westinghouse is holding negotiations with the aim to get final contracts but no decision has been made at the moment," Toshiba said in a statement.
The comment followed a report by the Nikkei economic daily that the group was set to win deals worth a combined 1.4 trillion yen (13.7 billion dollars) to build four nuclear power plants in the United States. The orders are from utilities Scana Corp and Southern Co to build two plants in South Carolina and two in Georgia, the daily said.
The deals would bring the value of orders that the Toshiba group has won for the past year to more than three trillion yen. It won another order in the United States last month as well as deals in China in mid-2007, it said.
Toshiba invested almost 4.16 billion dollars to take 77 percent of US nuclear power plant maker Westinghouse Electric in 2006 from British Nuclear Fuels. The sale fetched more than twice as much money as expected amid a renewed interest in nuclear energy in the United States as international energy firms are competing to secure nuclear fuel amid growing energy demand.
Toshiba's stake in Westinghouse fell to 67 percent from 77 percent last year as it sold 10 percent shares to Kazakhstan's state-run energy company Kazatomprom for 540 million dollars. The facilities, in the US under the new deals, are slated to go on-stream between 2016 and 2019.

Copyright Agence France-Presse, 2008

Comments

Comments are closed.