Westinghouse Electric Company announced Monday that it had signed a memorandum of understanding with the Korea Hydro & Nuclear Company, Ltd. (KHNP) that outlines steps for both companies to form a technological exchange committee. The concept, Westinghouse said, was to promote a discussion and exchange of engineering technology between the two organizations.
“Korea’s KHNP, a leader in the Korean nuclear industry, has extensive operating experience. Their international capabilities align seamlessly with Westinghouse’s original equipment manufacturer (OEM) global position. Together, we will partner to examine cooperative technical discussions and to develop joint business opportunities in the U.S. and other markets,” said David Howell, senior vice president, Operating Plant Business, in a statement.
The MOU is expected to leverage Westinghouse's strength in the pressurized water reactor market a KHNP's “strong resource and technology presence,” the statement said, noting the companies would pair up on engineering and technology development. Inclusive of this is the intention to resolve current technical issues blocking fresh generation developments.