Economics
Westinghouse Races China for $1 Trillion Nuclear Power Prize
- CEO expects China to order 30 of its AP1000 atomic reactors
- China approves construction of 6 domestically designed units
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A nuclear windfall is up for grabs.
China plans to almost triple its atomic power generation by the end of the decade and is forecast to spend $1 trillion to expand capacity by 2050. Westinghouse Electric Co. says its latest model will trump a mainland rival, the Hualong One, designed by the country’s largest nuclear operators.