It will be another three to five years before the world economy supports nuclear power plant orders.

GE_Energy_LogoGE Hitachi Nuclear Energy believes it will be another three to five years before the world economy supports nuclear power plant orders, senior vice president of nuclear plant projects Danny Roderick said.

Meanwhile, the Castle Hayne-based company is working to re-establish a nuclear infrastructure in the U.S.

Over the next couple of weeks, Roderick said, the company will announce agreements with several large U.S. companies establishing a nationwide network of nuclear power component plants.

With the resulting “Team U.S.,” each order for a GE Hitachi nuclear power plant will result in manufacturing jobs in 22 states, he said in an interview.

Those orders should result in new plant construction starting in five to ten years, Roderick projected.

He expects the first orders will come from northern Europe. Poland, Switzerland and Sweden, in particular, are seen as early buyers because of their economic growth and commitments to reduce carbon emissions. Nuclear power plants produce almost none.

The next orders will probably come from the Middle East, he continued, noting Saudi Arabia, Kuwait, Jordan and Turkey are actively looking at nuclear power.

The U.S. will be behind Europe and the Middle East, he said.

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Source: Jim Brumm | StarNews Online