KYIV,Ukraine— Westinghouse Electric Company and the National Nuclear EnergyGenerating Company (NNEGC Energoatom) today agreed to significantly increasefuel deliveries to Ukrainian nuclear power plants through 2020.

Thisincreased cooperation between Westinghouse [a long-time member of theU.S.-Ukraine Business Council,]and Energoatom will bring diversification and security of nuclear fuel suppliesfor Ukraine’s reactor fleet. U.S.-based Westinghouse has been working in theUkrainian market since 2003, and brings diversification of suppliers, globalbest practices and technology to the Ukraine market.

Westinghousefuel is currently operating safely and efficiently at the South Ukraine NuclearPower Plant without any defects in performance. Under terms of the contract,Westinghouse will employ its global diverse supply chain to manufacture thefuel and components making use of its facilities in the U.S. and Europe.

“This most recent agreement with Energoatom provides for the continuation ofthe long-standing partnership between our two companies in providingcompetitive and secure nuclear fuel supplies for Ukraine’s reactor fleet. Weexpect that with continued superior results and competitive efficiency of ourfuel design, Westinghouse will continue to grow its share of the Ukrainiannuclear fuel market," said Yves Brachet, Westinghouse president forEurope, Middle East and Africa.

“Westinghouselooks forward to providing a full range of products and services to Ukraine andthe global VVER market with proven experience in digital controls, fuel,refueling, inspection services and plant upgrades and refurbishments.”

Westinghouse is a single-source global nuclear fuel provider for pressurizedwater reactors (PWRs), including Russian-designed VVER reactors, as well asboiling water reactors (BWRs) and advanced gas-cooledreactors (AGRs).

Westinghousetoday provides nuclear fuel to 145 plants globally, 65 of which are in Europe,and has 10 nuclear fuel manufacturing locations around the world, including twosites in Europe: Springfields Fuels Limited in Preston, Lancashire, U.K. andWestinghouse Electric Sweden in Västerås.

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

Stateenterprise National Nuclear Energy Generating Company (NNEGC Energoatom) wasestablished in October 1996. The company is the operator of all running nuclearpower plants of Ukraine. Its main task is to increase electricity productionand the NPPs’ capacity factor while ensuring continued improvement of theoperational safety.

USUBC NOTE:  The new agreement forthe Westinghouse Electric Company to significantly increase fueldeliveries to Ukrainian nuclear power plants through 2020 represents a veryimportant day for Ukraine...huge.  This agreement provides moreenergy for Ukraine and more independence from Russia for nuclear fuelsupplies.  USUBC congratulates Westinghouse and National Nuclear EnergyGenerating Company (NNEGC Energoatom) for reaching this critical agreement.

WestinghouseElectric Company is a long-time member of the U.S.-Ukraine Business Council(USUBC),  A considerableamount of the work to reach this and previous such agreements betweenWestinghouse and NNEGC Energoatom has been directed by Michael Kirst,Regional Vice President, Customer Relations & Sales (CR&S) forCentral/Eastern Europe & Russia, Brussels, Belgium.

Michaelis a member of the USUBC Executive Committee and has served for severalyears.  Michael previously headed the Westinghouse office in Washington,D.C.  The Washington, D.C. Westinghouse office is now directed by JeanneLopatto.