Toshiba to pay $2.2bn compensation to quit US nuclear power project

01 August 2017, Sweetcrude, Houston — Toshiba has agreed to pay $2.168bn as compensation for quitting from fulfilling a contract to build two nuclear reactors for a US project owned by South Carolina Electric & Gas Company (SCE&G) and Santee Cooper. The Japanese firm’s subsidiary Westinghouse Electric was given the engineering, procurement, and construction (EPC) […] More »