Under the terms of the agreement, the group jointly will pursue engineering, procurement, construction and operations of nuclear power plants using Toshiba’s Advanced Boiling Water Reactor (ABWR). The group is also capable of utilizing Westinghouse AP1000 technology, which is a passively cooled nuclear technology.
Toshiba and Shaw will provide design, engineering, procurement and construction while Exelon will provide operations and related services for the projects.
JM Bernhard Jr, chairman, president and CEO of Shaw, said: “Shaw, Toshiba and Westinghouse are working collaboratively with customers to build four nuclear units in China and six new nuclear units in the US, the first contracts awarded in the US in nearly 30 years for new nuclear power plants.
“The addition of Exelon, which operates the largest nuclear power fleet in the US, creates a team that is unmatched in its ability to offer a portfolio of technology, construction and operations in Saudi Arabia.”
