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Westinghouse Electric Company CEO Aris Candris on what the nuclear plant construction approval means for business.
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So much let's stick with this topic if we are on the verge of the US nuclear power plant building boom.
Westinghouse electric could be getting a lot of orders now they're company that designed that nuclear reactor that's gonna be built there at the vocal power plant Georgette.
-- candor is Westinghouse electric company president and CEO welcome TO.
Congratulations on this so what is the southern company operation now mean for Westinghouse.
Obviously this is a major event -- just a Westinghouse but I think the entire country have not had.
New license he put new about this time -- I mean literally in a generation.
Since we had a new nuclear health why is that.
Well obviously part of it has to do would demand.
Demand for power if we don't have the demand for -- you don't need build any kind of plants than Three Mile Island happened 1979 and that.
Caused quite a bit of a trauma in this country.
-- the the entire climate has changed quite a bit wasn't Fukushima setback.
For which it was a mild setback there's no question about it but I can tell you that the movement is still there especially internationally.
It's.
We'll make -- it's a big deal obviously about that the planning vocal.
But as we speak they're over sixty plants that are being built around the world.
What is the fracking revolution I mean it is -- so much -- going on that's bringing all this natural gas supply.
Online we just heard about it and in the last interview that we did.
That sort of threatens nuclear power in the long run as we see so much more natural gas to create energy.
Will diversity as the name of the game you don't wanna have all renewable don't have all natural gas currently don't wanna have a nuclear -- -- advocating that either.
So what nuclear has that natural gas does not have the stability of prices and no CO2 emissions and it's also safer from what I understand -- -- technology tell me how and why.
Will this particular technology in the 1000 it is the easiest way to explain it is if you have an accident -- but what happened at Fukushima.
You wouldn't have any effects.
That the -- -- -- in Fukushima at all because the plan does not reliant on electricity after it shuts down like the current generation plants -- -- And as a result of that you have a much higher safety margin went -- a waste disposal.
Waste is is it is an industry.
Issue -- one that's been -- when it is there was a presidential commission.
Due to blue ribbon commission looking at the of the question wastes.
And they have put together a number recommendations are going to be implemented.
Yet anyway I was intrinsic toward some -- -- -- -- they recycle some of the waste and you know when -- was hadn't done after they've used if they had just a penny -- of nuclear waste and -- you know put in the ground and -- Dayton area.
Is that something we can do here in the US without implement we have -- why do you think we don't do that.
Here are the Genesis of that technology is.
US technology -- so in -- but up to there is no question about it that there are political.
Decisions to be made they were made in France -- few years ago put a few years ago as a matter of fact they have not been made in the states.
-- not was always that it was a national security risk -- but when you look at the ways to make waste into some kind of weapon for terrorists it's harder to do that than it is to find many other ways and a net.
It does it seem ridiculous to you that we don't recycle lesson do you think we're gonna get over that hurdle.
Well the reason because obviously we we do need to move forward -- that's quarters no question about it but the the part about nuclear waste it.
It's it's usually not well understood is the amount of which is so small compared to the ways that would normally used to from everyday life with the other forms of and -- and innovation.
That does not provide such -- a burning platform for us to move forward and statistical bulge continues to advance the FDA's as time goes on election could have been better solutions going forward than what they're implementing and.
-- -- we've turned a corner now and we really will start seeing many more nuclear power plants come on line here in this generation.
In in the US our expectation is that in addition to the two in in Georgia -- also -- in South Carolina we expect to see oil for them over the next few days.
So.
Those are gonna be the first wave and then probably around 20/20 we'll see the next wave coming in the US and thank you very much -- -- -- thanks so much.
