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Westinghouse Significantly Expands Fuel Supply in Ukraine

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Westinghouse Electric Company and the National Nuclear Energy Generating
Company (NNEGC Energoatom) today agreed to significantly increase fuel
deliveries to Ukrainian nuclear power plants through 2020. This increased
cooperation between Westinghouse and Energoatom will bring diversification and
security of nuclear fuel supplies for Ukraine's reactor fleet.

U.S.-based Westinghouse has been working in the Ukrainian market since 2003,
and brings diversification of suppliers, global best practices and technology
to the Ukraine market. Westinghouse fuel is currently operating safely and
efficiently at the South Ukraine Nuclear Power Plant without any defects in
performance. Under terms of the contract, Westinghouse will employ its global
diverse supply chain to manufacture the fuel and components making use of its
facilities in the U.S. and Europe.

“This most recent agreement with Energoatom provides for the continuation of
the long-standing partnership between our two companies in providing
competitive and secure nuclear fuel supplies for Ukraine's reactor fleet. We
expect that with continued superior results and competitive efficiency of our
fuel design, Westinghouse will continue to grow its share of the Ukrainian
nuclear fuel market," said Yves Brachet, Westinghouse president for Europe,
Middle East and Africa. “Westinghouse looks forward to providing a full range
of products and services to Ukraine and the global VVER market with proven
experience in digital controls, fuel, refueling, inspection services and plant
upgrades and refurbishments.”

Westinghouse is a single-source global nuclear fuel provider for pressurized
water reactors (PWRs), including Russian-designed VVER reactors, as well as
boiling water reactors (BWRs) and advanced gas-cooled reactors (AGRs).
Westinghouse today provides nuclear fuel to 145 plants globally, 65 of which
are in Europe, and has 10 nuclear fuel manufacturing locations around the
world, including two sites in Europe: Springfields Fuels Limited in Preston,
Lancashire, U.K. and Westinghouse Electric Sweden in Västerås.

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., U.S. Today, Westinghouse technology is the basis
for approximately one-half of the world's operating nuclear plants, including
more than 50 percent of those in Europe.

State enterprise National Nuclear Energy Generating Company (NNEGC Energoatom)
was established in October 1996. The company is the operator of all running
nuclear power plants of Ukraine. Its main task is to increase electricity
production and the NPPs' capacity factor while ensuring continued improvement
of the operational safety.

 

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