Hitachi, Mitsubishi Heavy to study tie-up on damaged nuclear plant

Hitachi, Mitsubishi Heavy to study tie-up on damaged nuclear plant

TOKYO, April 27 | Wed Apr 27, 2011 6:31am EDT

TOKYO, April 27 (Reuters) – Hitachi Ltd and Mitsubishi Heavy Industries Ltd will explore bolstering ties over Japan’s stricken Fukushima Daiichi nuclear power plant, as Hitachi looks to win a multibillion dollar contract to scrap its damaged reactors.

Hitachi and rival Toshiba Corp each submitted separate proposals for the long-term decommissioning of the hobbled nuclear plant earlier this month, a process experts say could take more than a decade and cost up to $19 billion.

Hitachi has also enlisted the help of overseas firms including General Electric Co (GE) in its bid to win the decommissioning order, while Toshiba is being aided by Babcock & Wilcox Co and Shaw Group Inc .

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