TEPCO, Chubu, Hitachi, and Toshiba seek nuclear business tieup

They aim to improve safety and economic viability of boiling water reactor business.

Japanese water utilities Tokyo Electric Power Company (TEPCO) and Chubu Electric, and engineering companies Hitachi and Toshiba, have signed a basic agreement to discuss potential collaboration for nuclear energy business for boiling water reactor (BWR), according to a press release.

The agreement was signed to advance discussions with the aim of creating sustainable business operations for safe and economical operation of the BWR business, and constructing and operating nuclear power plants.

The discussion is outlined on consolidating the companies' technologies and know-how to create a framework for safe and efficient construction, operation, maintenance and decommissioning of nuclear power plants; centralising research and technology development for designing safe new reactors; and utilising assets and human resources.

Also read: TEPCO, Chubu, Toshiba, and Hitachi in talks for nuclear alliance

The four companies exchanged opinions regarding on increasing sophistication of nuclear power plant operation and maintenance and bolstering of manufacturing and engineering capabilities.