Westinghouse, New World Power join forces to serve renewable energy market
Westinghouse Electric Corp. and New World Power Corp. have signed an agreement forming a long-term alliance to serve the global renewable energy market. They will jointly develop, market, construct, operate and maintain, and own renewable energy power systems with three primary product offerings–utility grid connected wind farms and hydroelectric facilities to produce electricity to sell to large utilities, off-grid renewable power systems to produce electricity from integrated renewable energy for sale to small, remote diesel power utilities, and wireless power systems using photovoltaics.
As part of the agreement, New World Power is buying Westinghouse`s shares in Photocomm Inc., which supplies photovoltaic systems, bringing New World`s share in Photocomm to approximately 45 percent. Westinghouse is, in turn, buying additional shares in New World to bring its holdings to 5 percent.
Westinghouse is also working with Indonesia`s state nuclear agency, BATAN, to establish an organization there to provide detailed engineering for an advanced nuclear reactor. The AP600 Engineering Center is being staffed with five BATAN managers and more than 25 engineers from a variety of Indonesian organizations, all trained by Westinghouse.
They are performing piping stress analysis for Westinghouse`s AP600, an advanced light water reactor design using natural safety systems and modular construction. Several international organizations have already provided more than (US)$350 million toward design, testing and licensing of the AP600 design.
Westinghouse has received a (US)$30 million contract for an 84-MW power plant on the island of Bali. The plant, which will be owned by PLN, Indonesia`s national utility, will house two Westinghouse Model 251 combustion turbines driving electrical generators. Westinghouse of the USA, Itochu of Japan and Samsung Engineering of South Korea are working together on the turnkey construction project and local suppliers have been contracted for the plant`s inlet systems and exhaust stack. The plant will operate on No. 2 fuel oil. The plant is already under construction and is expected to enter operation before the end of the year.