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Japan gov’t, M’bishi Heavy to pull out of Turkey nuclear project via The Mainichi

TOKYO (Kyodo) — The Japanese government and Mitsubishi Heavy Industries Ltd. are considering giving up on a nuclear project in Turkey amid ballooning costs, in a blow to Tokyo’s efforts to boost growth through infrastructure exports, sources close to the matter said Thursday.

TOKYO (Kyodo) — The Japanese government and Mitsubishi Heavy Industries Ltd. are considering giving up on a nuclear project in Turkey amid ballooning costs, in a blow to Tokyo’s efforts to boost growth through infrastructure exports, sources close to the matter said Thursday.

[…]

Major Japanese trading house Itochu Corp. has already backed away from the project owing to the surge in the safety-related costs.

Among other Japanese companies, Toshiba Corp. has pulled out of the nuclear plant business overseas after incurring huge losses in the United States.

Hitachi Ltd. remains in talks with the British government on building new nuclear reactors in Wales.

 

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