Trio team up for Saudi nuclear projects

- July 12th, 2010

World Nuclear News reports Toshiba, The Shaw Group and Exelon team up to pursue nuclear projects in Saudi Arabia.
Under the terms of a teaming agreement, Shaw, Toshiba and Exelon Nuclear Partners – a division of US utility Exelon – will jointly pursue engineering, procurement, construction and operations of nuclear power plants using Toshiba’s Advanced Boiling […]

World Nuclear News reports Toshiba, The Shaw Group and Exelon team up to pursue nuclear projects in Saudi Arabia.

Under the terms of a teaming agreement, Shaw, Toshiba and Exelon Nuclear Partners – a division of US utility Exelon – will jointly pursue engineering, procurement, construction and operations of nuclear power plants using Toshiba’s Advanced Boiling Water Reactor (ABWR). The group would also be capable of utilizing Westinghouse’s AP1000 reactor technology.

Toshiba and Shaw would provide design, engineering, procurement and construction services, while Exelon would provide operations and related services for the projects.

Chairman, President and CEO of Shaw, J.M. Bernhard says:

“Shaw, Toshiba and Westinghouse are working collaboratively with customers to build four nuclear units in China and six new nuclear units in the US, the first contracts awarded in the US in nearly 30 years for new nuclear power plants.” He added, “The addition of Exelon, which operates the largest nuclear power fleet in the United States, creates a team that is unmatched in its ability to offer a portfolio of technology, construction and operations in Saudi Arabia.”

For complete story, click here.

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8 responses to “Trio team up for Saudi nuclear projects

  1. As of Q1-2010, there were about 60 trillion USD in paper money on the planet, with M0 tendency strong rising. There were about 30,000 tons of gold reserves on the planet. Hence, if we would revert to a hypothetical gold standard now, one troy ounce of gold would at least be worth 61,000 USD. Central bank all over the world have leveraged gold by at least a factor of 43 with paper money – not 10 as required by US law. Currently one gold ounce is sold at only 1,400 USD. You do the math, how far gold can still go. But for silver, assuming its constitutional AU/AG value ratio of 15, prices of today must be multiplied by a factor of 122. That would make a troy ounce of silver worth 4,000 USD versus a current spot price of only 33 USD. Dreams or plain numbers? You decide and time will tell.

  2. As of Q1-2010, there were about 60 trillion USD in paper money on the planet, with M0 tendency strong rising. There were about 30,000 tons of gold reserves on the planet. Hence, if we would revert to a hypothetical gold standard now, one troy ounce of gold would at least be worth 61,000 USD. Central bank all over the world have leveraged gold by at least a factor of 43 with paper money – not 10 as required by US law. Currently one gold ounce is sold at only 1,400 USD. You do the math, how far gold can still go. But for silver, assuming its constitutional AU/AG value ratio of 15, prices of today must be multiplied by a factor of 122. That would make a troy ounce of silver worth 4,000 USD versus a current spot price of only 33 USD. Dreams or plain numbers? You decide and time will tell.

  3. hmm hmm…good luck with silver under or at 20$ in 2011…!!! we’ ll buy it all , you guys can remain with the paper fiat worthless $ Ben is printing like there is no tomorrow…the end of the dollar that we knew( world reserve currency) is so close, that you can count it with one hand…

  4. hmm hmm…good luck with silver under or at 20$ in 2011…!!! we’ ll buy it all , you guys can remain with the paper fiat worthless $ Ben is printing like there is no tomorrow…the end of the dollar that we knew( world reserve currency) is so close, that you can count it with one hand…

  5. “The price of silver continues to outperform gold and the gold to silver ratio has fallen to its lowest level in 27 years.”

    You are incorrect. The gold silver ratio was lower then it is currently in the late 90’s. About 39:1 at it’s lowest. We are close but, have not made a new low.

    Respect your audience

    1. You are correct, Chris. The silver to gold ratio is at about 41:1 today, 39.1 in 1998 and around the same in 1984. My error was not fact checking a statement made by a reputable silver market guru speaking at the Silver Summit in Phoenix Friday. Thank you for pointing out my error, and please know I do respect my audience.

  6. “The price of silver continues to outperform gold and the gold to silver ratio has fallen to its lowest level in 27 years.”

    You are incorrect. The gold silver ratio was lower then it is currently in the late 90’s. About 39:1 at it’s lowest. We are close but, have not made a new low.

    Respect your audience

    1. You are correct, Chris. The silver to gold ratio is at about 41:1 today, 39.1 in 1998 and around the same in 1984. My error was not fact checking a statement made by a reputable silver market guru speaking at the Silver Summit in Phoenix Friday. Thank you for pointing out my error, and please know I do respect my audience.

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