Westinghouse nuclear project put on hold in South Carolina in another blow to Toshiba

Work has been suspended on two nuclear reactors being built by Westinghouse in South Carolina, dealing another big blow to the nuclear power business of Japan’s Toshiba. 

Credit FT.com

Santee Cooper and South Carolina Electric & Gas Company said on Monday that they had ordered a halt to construction of their jointly-owned project, known as the VC Summer plant, in Jenkinsville with immediate effect due to spiralling costs. The power station is one of two nuclear plants being built by Westinghouse in the US and its suspension will raise further doubts about the future of the other, known as Plant Vogtle, owned by Southern Company in Georgia. 

Full story at the Financial Times . 


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