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Westinghouse pursues US nuclear expansion after Trump orders, FT says

The Financial Times, citing Westinghouse's CEO, reported that the nuclear equipment supplier is in discussions with U.S. government officials and partners in the industry about the deployment of 10 large reactors in response to executive orders from the president.

The executive orders of President Donald Trump, published on the 23rd May, directed that the government reduce regulations and speed up licences for power plants and reactors to reduce a multi-year-long process to just 18 months.

Dan Sumner (Westinghouse interim CEO) told the FT the company was in a "unique position" to meet the President's goals because of the approved reactor design and a viable supply network. It also had recent experience building two AP1000 reactors.

He told the FT that "there is an active engagement with administration, including key interfaces with the loan programme office, recognising financing as being important to the deployment model."

Westinghouse didn't immediately respond to comments outside of regular business hours. (Reporting and editing by Alexandra Hudson, Barbara Lewis and Disha Mishra from Bengaluru)

(source: Reuters)