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Brookfield Business Partners Units BBU

Alternate Symbol(s):  T.BBU.UN

Brookfield Business Partners L.P. is a Bermuda-based business services and industrial company. The Company is focused on owning and operating businesses that provide essential products and services. The Company's sole direct investment is managing a general partnership interest in Brookfield Business L.P. (Holding LP), through which the Company holds all of its interests in its operating businesses. Its segments include Business Services, Infrastructure Services, and Industrials. The Business Services segment leverages operational expertise and scale of the Brookfield platform. The Infrastructure Services segment provides services and products for large-scale infrastructure assets. The Industrial segment includes advanced energy storage operations, and engineered component manufacturing. The Company's operations are located in the United States, Europe, Australia, Canada and Brazil. The Company is a listed vehicle of Brookfield Asset Management’s Private Equity Group.


NYSE:BBU - Post by User

Post by sam2100on Jan 13, 2019 4:42am
50 Views
Post# 29224445

China's fourth Westinghouse-designed nuclear reactor begins

China's fourth Westinghouse-designed nuclear reactor begins 9:15PM ET on Thursday Jan 10, 2019 by Thomson Reuter...................SHANGHAI, Jan 11 (Reuters) - China's fourth Westinghouse-designed AP1000 reactor went into full operation after a trial run this week, the operator said, marking the completion of the first phase of the project after years of delays. China signed a deal with the U.S. firm in 2007 to build four reactors, hoping to create a platform for Beijing's ambitious nuclear power expansion plans, but the roll-out of the unproven "third-generation" technology has been beset by safety concerns and design problems. The second unit of the Haiyang nuclear power project on the eastern coast of China's Shandong province is now ready to go into full commercial operation after 168 hours of full-load operations, China's State Power Investment Corp said in statement on Thursday. China put the world's first AP1000 into operation at Sanmen in Zhejiang province last September, four years later than originally scheduled. Two more went into operation at Sanmen and Haiyang later in the year. The AP1000 is designed by U.S.-based Westinghouse, which was acquired by Brookfield Business Partners from Japan's Toshiba last August following bankruptcy restructuring. The completion of the project brings China's total nuclear capacity up to 45 gigawatts, with 46 reactor units in operation throughout the country. Nuclear makes up about 2.5 percent of the country's generation capacity. China has scaled back the pace of new reactor approvals and no new conventional project has been given the go-ahead in more than three years. It is now expected to fall short of its 2020 target to have 58 gigawatts of working capacity and another 30 gigawatts under construction. At the government's annual energy meeting in December, officials made no commitments to approving and building any new projects in 2019, saying only that projects now under construction would be "pushed forward in an orderly manner". (Reporting by David Stanway; editing by Richard Pullin)
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