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IHI awarded contract by CB&I for U.S. nuclear power project

-February 12, 2009-

press

IHI Corporation has been awarded a contract to supply detailed engineering, procurement and fabricated materials as part of an overall contract Westinghouse Electric Company awarded CB&I (NYSE: CBI) to design, supply and construct two containment vessels for a southeastern U.S. utility consortium. CB&I and IHI are working in close collaboration on this project.

The materials for the two containment vessels will be fabricated at Yokohama No.1 works in Yokohama, Japan, and will be shipped to CB&I at a U.S. port of entry. The two steel containment vessels, which will be more than 40 meters in diameter, over 66 meters high, and weigh approximately 4,000 tons each, are an important component of Westinghouse's AP1000(TM) PWR type 1,100 megawatt nuclear power plants,

This is the first big U.S. nuclear project since IHI became a minority investor in Westinghouse in October 2006.

IHI has ample experience in supplying key components for nuclear power plants worldwide, including reactor pressure vessels, containment vessels and other important equipment. Especially for reactor pressure vessels, IHI has supplied the world record of 24 units since 1955. This award clearly shows that IHI's extensive experience, advanced technology, and outstanding quality is highly valued by the industry.

Currently, more than 30 new nuclear power plant units have been announced in the USA. IHI is capitalizing on its extensive experience to aggressively pursue new nuclear projects both in the U.S. market and internationally.




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