Subscribe free to our newsletters via your
  Energy News  

Subscribe free to our newsletters via your

Kazakhstan To Buy Westinghouse Stake From Toshiba

by Staff Writers
Tokyo (AFP) Jul 07, 2007
Kazakhstan is to pay 486.3 million dollars to buy a stake in US nuclear reactor firm Westinghouse from its majority owner Toshiba, news reports said Saturday. The Japanese giant will sign an agreement this month to sell a 10-percent stake in Westinghouse to state-run uranium firm Kazatomprom for slightly more than 60 billion yen, the Nikkei newspaper said.

By forging ties with uranium-rich Kazakhstan Toshiba, which holds a 77-percent stake in Westinghouse, aims to secure stable supplies of the resource used by power plants, Jiji Press said.

Toshiba expects to win more orders to build power facilities from power companies in the United States and elsewhere by having Kazatomprom in its alliance and securing a long-term supply of uranium, the Nikkei added.

The tie-up will also help Kazatomprom expand its sales channels worldwide and accelerate mining projects, the Nikkei said.

Toshiba and Westinghouse are also expected to transfer uranium-processing technology to Kazatomprom, it said.

International energy firms are competing to secure nuclear fuel amid growing energy demand, particularly in emerging economies such as China and India.

Japan now procures uranium mainly from Australia and Canada.

Toshiba president Atsutoshi Nishida visited Kazakhstan in April with Japanese minister of economy, trade and industry Akira Amari, the Asahi Shimbun newspaper said.

Japan and Kazakhstan have agreed to cooperate in uranium-processing technology and trade.

US government approval is required for transactions in which a foreign entity takes a stake in an American business possessing nuclear technology, the Nikkei said.

US officials have indicated that the deal poses no problems, the newspaper added.

Source: Agence France-Presse

Email This Article
Comment On This Article

Related Links
Powering The World in the 21st Century at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

New Catalyst May Revolutionize Biodiesel Production
Ames IA (SPX) Jul 11, 2007
Line up 250 billion of Victor Lin's nanospheres and you've traveled a meter. But those particles - and just the right chemistry filling the channels that run through them - could make a big difference in biodiesel production. They could make production cheaper, faster and less toxic. They could produce a cleaner fuel and a cleaner glycerol co-product. And they could be used in existing biodiesel plants.

  • Kazakhstan To Buy Westinghouse Stake From Toshiba
  • New Catalyst May Revolutionize Biodiesel Production
  • GE Energy Wind Turbine Technology Selected For Largest Wind Project Yet In Turkey
  • Advanced Energy Unveils Its Newest RF Power-Delivery System

  • Inexpensive Adaptive Optics Achieved By Sandia's Optical Clamp
  • Wyle And ARES Sign Teaming Agreement To Pursue Nuclear Energy Industry Business
  • Rice Exudes Confidence Of Wrapping Up The Nuke Deal By Year End
  • Lula Resumes Nuclear Program To Make Brazil World Power

  • BAE Systems Completes Major New Facility For Ionospheric Physics Research
  • NASA Satellite Captures First View Of Night-Shining Clouds
  • Main Component For World Latest Satellite To Measure Greenhouse Gases Delivered
  • AIRS Global Map Of Carbon Dioxide From Space

  • Scientists Close In On Missing Carbon Sink
  • Indonesia Aims To Halve Haze-Causing Fires
  • Researchers Demonstrate Way To Control Tree Height
  • Human Activities Increasing Carbon Sequestration In Forests

  • US Mulls Plunge Into Ocean Aquaculture
  • Organic Farms Provide A Clue For India's Struggling Farms
  • Wines Knocked Into Carbon Reduction
  • Banned Chinese GM Rice Protein Found In Dutch Shipment To Cyprus

  • Chinese Mayor Urges Residents To Stop Buying Cars
  • QinetiQ And NexxtDrive To Develop Hybrid Electric Drive Six Wheelers
  • Lawmakers Urge US Recall Of Chinese-Made Tires
  • Billionaire Hopes To Move Entire Plant From Brazil To China

  • Raytheon Awarded Rolling Airframe Missile Contracts Valued At Nearly 146 Million Dollars
  • Europe Bans All Indonesian Airlines From EU Airspace
  • Too Little Scope For Development Of Current Aircraft Technology
  • France Supports Cap On Airline Carbon Emissions

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement