U.S. and Japan agree on their roles in potential nuclear power project, Westinghouse says

The United States and Japan have agreed on the roles they will take in a potential joint nuclear project involving Westinghouse and Japanese nuclear power equipment makers, Dan Lipman, president of global business initiatives at Westinghouse, said on Saturday.

Japan and the U.S. are working to include a nuclear power project in a second round of deals under Japan’s $550-billion investment package that will involve Westinghouse, sources said this month.

The momentum for building nuclear power facilities is growing globally as nations look to add more domestically located energy resources to hedge against supply shocks.