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by tinco
1570 days ago
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No it didn't. "Westinghouse Electric Company would file for Chapter 11 bankruptcy because of US$9 billion of losses from nuclear reactor construction projects. The projects responsible for this loss are mostly the construction of four AP1000 reactors." "As of 2019 all four AP1000 reactors in China are operating." Westinghouse made a large amount of mistakes in their designs, suffered through political climate because of the Fukushima incident and economic hardship because of the ridiculously low gas prices. How can you reduce that basically to that they tried to mass produce power plants, that was dumb so they failed? And where's the catastrophe? |
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I'll add that there's good reason to think the data from China about nuclear projects being completed on time is invalid. There are cases where at the official start date for construction on some of their plants there was already much visible work that had been completed. Great way to be on schedule, just delay when you say you actually started.
The catastrophe was the financial implosion of Westinghouse and the great damage it did to Toshiba.