SoftBank, GE Vernova among firms interested in Japan's $550 billion US investment package

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

TOKYO :About 20 companies from Japan and the U.S. have expressed interest in projects that are part of Tokyo's planned $550-billion investment package, a factsheet issued by the two countries showed on Tuesday.

The companies include SoftBank Group, Westinghouse, GE Vernova and Hitachi, according to a list of projects that are worth up to around $400 billion.

Japan has said its $550 billion investment package, agreed upon under its tariff deal with Washington in September, would include equity, loans and loan guarantees from state-owned agencies.

Westinghouse is looking at building pressurized water reactors and small modular reactors in projects worth up to $100 billion, involving Japanese suppliers like Mitsubishi Heavy Industries, Toshiba and IHI.

Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.


This service is not intended for persons residing in the E.U. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp’s partners.
Loading

A consortium that includes GE Vernova and Hitachi is also considering building small modular reactors.

SoftBank is interested in a $25 billion project to develop large-scale power infrastructure.

Carrier could supply thermal cooling systems for power infrastructure and Panasonic could build energy storage systems.

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here