In another sign of a nuclear revival, Louisiana Governor Bobby Jindal on Tuesday announced a deal with The Shaw Group and Westinghouse for the nation’s first factory to build nuclear power plant components.
Louisiana tossed in tax breaks and other incentives worth $248 million over the next decade to lure the project to the Port of Lake Charles. The assembly plant will be a joint venture between engineering and construction firm Shaw (SGR) and Westinghouse, the nuclear plant builder now owned by Toshiba. The two companies are constructing four nuclear power stations in China and say they’re looking at 14 power plants in the United States. There hasn’t been a new nuke plant licensed in the U.S. in more than three decades.
“The agreement to fabricate modules for the AP1000 nuclear power plant in Louisiana again proves that the nuclear renaissance is now a reality,” said Westinghouse executive Dan Lipman in statement.
Of the many hurdles to reviving the U.S. nuclear industry – the unresolved waste disposal issue, huge capital costs, environmental opposition – the withering away of the infrastructure to produce power plant components has been one that has received relatively little attention.