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GE signs nuclear reactor agreement with India
A unit of General Electric Co. said Monday it signed preliminary agreements with two government-owned companies in India to build nuclear reactors to help meet India's energy production goals.The potential value of the deals was not disclosed. GE Hitachi Nuclear Energy said it signed memoranda of understanding with Mumbai-based Nuclear Power Corp. of India, the country's lone nuclear utility operating 17 reactors, and Bharat Heavy Electricals Ltd., a New Delhi-based manufacturer and supplier of power generation equipment and components. GE Hitachi and the two companies will plan for "a potential multiple-unit Advanced Boiling Water Reactor nuclear power station," the U.S. company said in a news release. In morning trading, GE shares rose 64 cents, or 6.7 percent, to $10.19. Posted by: john frum 2009-03-23 |
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