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9/29, 3:16 AM (Source: TeleTrader)
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Mitsubishi Heavy to develop nuclear plant - report

Mitsubishi Heavy Industries Ltd. is working on developing a "next-generation" nuclear power plant, Nikkei reported on Thursday. Along with three other Japanese electric power companies, it should announce the plans within the month, according to sources.

The companies will reportedly collaborate on a safer alternative to the pressurized water reactor nuclear power plant. If successful, the project should be completed by the mid-2030s, when it will move on to the commercialization phase.

Baha Breaking News (BBN) / DJ