Westinghouse and Ukraine Firm Turboatom Sign Extended Partnership Contract

KIEV, Ukraine–(BUSINESS WIRE)–Westinghouse
Electric Company today announced that it has signed an extended
Memorandum of Understanding (MOU) with Ukrainian company PJSC Turboatom,
in partnership to coordinate and cooperate on increasing the capacity of
Ukraine’s nuclear power plants. Turboatom is one of the world's leading
companies in designing and manufacturing turbines for nuclear, thermal
and hydro power plants.

“This strategic cooperation with Turboatom is an excellent example of
how Westinghouse is committed to providing our customer, Energoatom,
with innovative technical solutions to further improve plant capacity,
efficiency and safety,” said Aziz Dag, Westinghouse vice president and
managing director, Northern and Eastern Europe. “We also look forward to
working with other local Ukrainian suppliers to support our activities
related to the potential Energy Bridge Project in Ukraine.”

The Ministry of Energy and Coal Industry of Ukraine has recently
approved an analysis on “Energy Bridge Ukraine – European Union,” to be
implemented in partnership between state-owned and private companies.
The decision of the Ministry was taken based on the Feasibility Study
delivered by Westinghouse Electric Company, Polenergia International S.á
r.l. and EDF Trading Limited. Within the timeframe of the potential
Energy Bridge Project, a significant power uprate of existing Energoatom
VVER-1000 reactors in Ukraine is needed. There are currently 13
VVER-1000 type reactors operating in Ukraine.

Westinghouse has been working in the Ukrainian market since 1992, and
brings diversification of suppliers, global best practices and
technology to the Ukrainian market. Westinghouse began its work in the
country through the supply of safety related upgrades to the country’s
nuclear fleet in the mid-1990s. A subsequent establishment of a
sizeable engineering center, combined with the transfer of technology
and training of hundreds of Ukrainian nuclear specialists were later
performed. Westinghouse has had a successful joint venture in
Kharkiv for almost 20 years with approximately 200 employees who are
trained to European Union (EU) and U.S. standards and developing
products tailored to the Ukrainian market.

Contacts

Westinghouse Electric Company
Sarah Cassella, +1-412-374-4744
External
Communications Manager
[email protected]