Westinghouse and Hochtief Team to Provide End-of-life Services for German Nuclear Plants

MANNHEIM, Germany, March 26, 2015 - Westinghouse Electric Company today announced that it has signed a Teaming Agreement with HOCHTIEF Infrastructure GmbH and HOCHTIEF Engineering GmbH to offer integrated decommissioning, decontamination and remediation (DD&R) services for nuclear power plants.

German nuclear power companies will benefit from a one-stop supplier approach with this new partnership. Westinghouse brings its safety-focused nuclear expertise and experience in decommissioning, decontamination, remediation, segmentation and waste-handling. HOCHTIEF Infrastructure and HOCHTIEF Engineering offer know-how in licensing, civil engineering and construction of interim storage. Together, the two will provide a broad range of integrated services to meet the needs of nuclear plants that are coming off-line.

“This teaming agreement will bring together an excellent combination of safe, reliable and proven decommissioning, decontamination and remediation services, as well as a broad experience from the civil and construction sector that ultimately will contribute to our customer’s success,” said Dr. Norbert Haspel, Westinghouse vice president and managing director, Central Europe.

“The engineering competence in the field of nuclear structures built up during half a century will be brought to the team by HOCHTIEF Engineering GmbH and supplemented by our strong and state-of-the-art abilities in Building Information Modeling,” said Dr. Hansgeorg Balthaus, managing director, HOCHTIEF Engineering.

"With decades of construction experience in the field of nuclear energy, we are excellently positioned for safe and sustainable decommissioning of nuclear facilities. We are looking forward to partnership-based cooperation,” said Jörg Laue, chief financial officer, HOCHTIEF Infrastructure.

A number of nuclear power plants across Germany will need to be decommissioned and dismantled in the next 15 to 20 years due to national policy decisions that have shortened their expected operation. Eight nuclear reactors were permanently shut down in March 2011, and17 are planned to be phased out by 2022.

Westinghouse provides comprehensive, integrated services to the global decommissioning and decontamination and waste management nuclear plant market including state-of-the-art solutions for the handling of spent fuel and the treatment, handling and storage of low-, intermediate- and high-level radioactive waste. Westinghouse’s global workforce of highly skilled technical and craft personnel focus on safety and quality to deliver predictably successful results.

Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world's pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world's first pressurized water reactor in 1957 in Shippingport, Pa., U.S. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants, including more than 50 percent of those in Europe.

HOCHTIEF Engineering creates solutions in the business areas of building, energy and transport infrastructure by means of project-related services such as consulting, design, engineering, design and project management, Building Information Modeling, and technology development. Its unit IKS Energy has been providing structural engineering services for more than 50 years. The unit has been involved with the design for many German and international new-build NPPs.

HOCHTIEF Infrastructure delivers transportation and energy infrastructure projects in Europe and in selected regions worldwide. Among the innovative solutions HOCHTIEF Infrastructure offers are special solutions such as heavy-duty anchor systems and tools for automated surface removal in contaminated building structures for use in nuclear facilities. The company's Nuclear unit and its more than 70 highly qualified employees operate both in Germany and elsewhere in Europe.