Westinghouse Accompanies Historic U.S. Delegation to India

PITTSBURGH – Jan. 26, 2015 – Westinghouse Electric Company President and CEO Danny Roderick was among a select group of CEOs representing U.S. businesses who met with the U.S. delegation to India. The delegation was led by President Barack Obama and a group of India CEOs, led by Prime Minister Narendra Modi.

Mr. Roderick expressed his strong support for the efforts of the governments of the U. S. and India as they work to resolve issues that will enable Westinghouse and other U.S. companies to participate in India’s fast-growing nuclear energy market.

Mr. Roderick, along with other U.S. business leaders, is in India to participate in a wide range of business discussions led by President Barack Obama and U.S. Commerce Secretary Penny Pritzker.

“The nuclear energy market in India is among the largest in the world, and Westinghouse looks forward to supporting it with our AP1000® nuclear plant, rightly regarded as the safest and most efficient in the world,” Mr. Roderick said.  “We are already in discussions with potential partners within India as part of our effort to provide nuclear energy plants in a manner that is mutually beneficial, creating jobs and building infrastructure in the United States and in the countries and regions in which we do business.

“I am pleased to have been a part of this effort, and I thank the governments of India and the United States for their acknowledgment that nuclear energy is essential to ongoing economic development and quality of life enhancement.  We look forward to providing India with the most advanced nuclear power plant safety features, unparalleled regulatory pedigree and delivery certainty.”

Westinghouse and Nuclear Power Company of India Limited signed an Early Works Agreement in 2013 to support construction of AP1000 nuclear power plants at the Mithivirdi site in Gujarat. The agreement represents the significant and ongoing progress toward the realization of the India – U.S. Civil Nuclear Agreement signed in 2008.

Eight AP1000 units are currently under construction worldwide: two each at the Vogtle and V.C. Summer sites in the U.S. and the Sanmen and Haiyang sites in China. In addition, shareholder agreements have been signed in the past few months for the development of AP1000 plants at the Moorside site in the United Kingdom and the Kozloduy site in Bulgaria.

Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world’s pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world’s first pressurized water reactor in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for approximately one-half of the world’s operating nuclear plants. AP1000 is a trademark of Westinghouse Electric Company LLC. All rights reserved.

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