Mitsubishi Heavy Industries (MHI) and Luminant team up for New Build at Comanche Peak in Texas

The companies’ move is in line with statements made in December 2008 when they submitted a combined construction and operating license application for the two new reactors they want to build at Comanche Peak. The 1700 MWe APWRs should begin operation before 2020.

The joint venture, to be called Comanche Peak Nuclear Power Company, will be 88% owned by Luminant and 12% by MHI and represents a new model for funding the final stages of new reactor deployment – in which the reactor vendor and buyer share project development costs. The joint venture would operate until the point at which a licence to build and operate the units is issued. Read more