The four companies sign a basic agreement for BWR

11 September 2019

Tokyo Electric Power Company Holdings, Inc., Chubu Electric Power Co., Inc., Hitachi, Ltd. and Toshiba Corporation (the four companies) recently announced a basic agreement to discuss potential collaboration for nuclear energy business for boiling water reactor (“BWR business”). The agreement was signed on August 28.

The four companies have so far exchanged opinions and information on topics such as increasing the sophistication of nuclear power plant operation and maintenance, and bolstering manufacturing and engineering capabilities, with the aims of improving safety and economic viability, and enhancing their business structures. The basic agreement was signed, as a result of these exchanges of opinions, etc., based on a consensus with regard to a general direction for advancing discussions for cooperation between the four companies, with the aim of creating sustainable business operations for safe and economical operation of the BWR business, and constructing and operating nuclear power plants.

The four companies will discuss potential collaboration with the aim of improving safety and economic viability and building a sustainable business framework for maintaining and developing human resources, technologies and supply chains.

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