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Two Chinese Reactors’ Construction on Track Despite Westinghouse Bankruptcy Filing

Westinghouse Electric Co., a major U.S. nuclear-equipment maker almost wholly owned by Japan's Toshiba Corp., inaugurates a joint-venture plant in Nantong, Jiangsu province, on June 8, 2012, to produce rare metal materials for use as cladding in nuclear fuel rods. Photo: IC
Westinghouse Electric Co., a major U.S. nuclear-equipment maker almost wholly owned by Japan's Toshiba Corp., inaugurates a joint-venture plant in Nantong, Jiangsu province, on June 8, 2012, to produce rare metal materials for use as cladding in nuclear fuel rods. Photo: IC

Westinghouse Electric Co.’s move to seek bankruptcy protection won’t upset plans to open two cutting-edge reactors in China later this year, one of China’s major nuclear companies said Wednesday.

China’s State Nuclear Power Technology Co. (SNPTC) held an emergency meeting on Wednesday night, shortly after Westinghouse announced it would file for Chapter 11 bankruptcy protection because of a cash crunch caused by several stalled nuclear plants in the U.S.

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