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Thursday, 4 February 2010, 18:35 HKT/SGT

Source: Mitsubishi Heavy Industries, Ltd.
MHI Signs MOU with PBMR Pty on Development of Small-size Nuclear Power Generation Plant

TOKYO, Feb 4, 2010 - (ACN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has reached an agreement with Pebble Bed Modular Reactor (Pty) Ltd (PBMR Pty) of the Republic of South Africa to study the area of collaboration in the development of the "Pebble Bed Modular Reactor" (PBMR). A memorandum of agreement (MOU) was signed on February 3. Based on the MOU, MHI will initially study the area for possible collaboration in the design of 200 MWt (megawatts thermal) plant, which PBMR Pty is currently developing. Going forward, the two companies will also probe further collaboration, including construction of plants and market exploration. With the newly concluded MOU, PBMR development will now move forward toward commercialization of a small size reactor achieving both outstanding safety and economy.

The 200 MWt plant consists of a 200 MWt PBMR and a steam generator that provides hot steam at 750 C (1,382 F). The plant uses silicon carbide-coated uranium particles encased in graphite for the fuel spheres and helium as the coolant, making it free from risk of reactor core meltdown. The PBMR requires relatively low initial investment and is considered to be well suited to applications in areas lacking a fully developed power transmission grid. A number of potential customers, including, Sasol, a major South African chemical company, have been studying the introduction of the plant, which is targeted to begin operation in approximately year 2020.

Specifically, when collaboration area has been agreed, MHI will conduct part of the research & development activities for the 200 MWt plant design. In the future, further collaboration possibilities will be probed, including construction of the 200 MWt plant and exploring market potential for the PBMR.

PBMR (Pty) Ltd is a nuclear power engineering company established in 1999 to oversee the PBMR development project. MHI has been in a close relationship with PBMR Pty since its initial participation in the development project in 2001.

The new MOU was concluded based on PBMR Pty's high evaluation of MHI's solid record in design and production capability as well as its record of punctual deliveries and vast experience in the nuclear field. Buoyed by the MOU signing, MHI aims to further strengthen its cooperative relationship with PBMR (Pty) and to engage ever more vigorously in the PBMR's R&D activities and efforts toward its commercialization.

About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

For more information, please visit MHI's website: https://www.mhi.com
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com

Mitsubishi Heavy Industries
Hideo Ikuno
[email protected]


Source: Mitsubishi Heavy Industries, Ltd.

Topic: Business Tieup
Sectors: Energy
From the Asia Corporate News Network

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