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Mitsubishi Heavy to Get $5 Billion TXU Nuclear Order

Mitsubishi Heavy Industries is set to receive a $5.2 billion order to build two nuclear reactors for U.S. power plant operator TXU Corp., the Nikkei business daily reported on
Wednesday.

TXU said in August 2006 that it planned to file construction and operating license applications in 2008 to build two to six gigawatts of new nuclear capacity at one to three sites in Texas. The company expects the new reactors to enter service between 2015 and 2020.

TXU last month suspended plans to build eight coal-fired units in Texas after it agreed to be acquired by a group led by private equity firms Kohlberg Kravis Roberts and Texas Pacific Group for $31.8 billion.

At the time of the deal, it did not mention whether it had changed its nuclear plans.