Hitachi, Mitsubishi Heavy looks for closer ties
Hitachi and rival Toshiba Corp each submitted separate proposals for the long-term decommissioning of the hobbled nuclear plant earlier this month, a process experts say could take more than a decade and cost up to $19 billion.
Hitachi has also enlisted the help of overseas firms including General Electric Co GE in its bid to win the decommissioning order, while Toshiba is being aided by Babcock & Wilcox Co and Shaw Group Inc.
Hitachi and Mitsubishi Heavy, which already have business ties, said they are looking at ways to work together to help improve conditions at the plant and aid operator Tokyo Electric Power Co and the government.
Radiation leaks from the northern Japan plant, which was severely damaged by the massive earthquake and tsunami on March 11, have made it the world's worst nuclear crisis since the Chernobyl disaster 25 years ago.
Toshiba manufactured two of the Fukushima Daiichi reactors by itself and two jointly with GE. Hitachi manufactured another, with a sixth supplied by GE.
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Under the first agreement, Hydro-Quebec will export 47 terawatt hours of electricity to New Brunswick between now and 2040 over existing power lines — expanding on an agreement in place since 2012.
The second deal will see Hydro-Quebec share expertise for part of the refurbishment of the Mactaquac dam to extend the useful life of the generating station until at least 2068, when the 670 megawatt facility on the St.…
