Toshiba-Westinghouse Consortium Receives Award from EDF for Renewal of Generator...

Toshiba-Westinghouse Consortium Receives Award from EDF for Renewal of Generator Coils for Nuclear Power Stations in France

TOKYO & PARIS--(Business Wire)--
Toshiba Corporation announced today that a Toshiba-Westinghouse
consortium has been awarded a ten-year contract worth over 100 million
euros by Electricite de France (EDF), France's electric power company,
for the renewal of stator coils in the generators of more than ten
nuclear power plants now operating in France. The contract was given
to the Toshiba-Westinghouse Consortium as part of the French utility's
continuous program to retrofit the key components of its 58
commissioned nuclear power plants in France.

"We are delighted to be awarded this valuable contract to support
EDF in its important long-term project to maintain and assure the
stable operation its nationwide network of nuclear power plants," said
Yasuharu Igarashi, Corporate Vice President, and President and CEO of
Toshiba's Power Systems Company. "This decision reflects the
comprehensive capabilities that the Toshiba-Westinghouse team brings
to the provision of systems, components and services for nuclear power
plant systems, and our strong commitment to quality and highly
efficient systems."

"This contract clearly demonstrates the synergy and high level of
cooperation realized by Westinghouse and Toshiba," says Yves Brachet,
Westinghouse France Regional Vice-President. "We are confident that
Toshiba's leading-edge prowess in the manufacture of key components,
combined with Westinghouse's increasing presence in the provision of
engineering support and services in France, will allow us to make a
positive contribution."

Following initial pre-installation arrangements, manufacture of
stator windings will begin in spring 2009 at Toshiba's Keihin Product
Operations in Yokohama, the Japanese production hub of Toshiba's power
generation equipment business. It is expected that three or four
rewinding operations a year will be conducted for 900MW and 1300MW
generators, starting in 2010. Toshiba's Japanese technical experts,
who have gained extensive experience and expertise in supporting
stable operations at numerous sites in Japan, will provide EDF with
technical support for smooth operation of the updated systems.

Toshiba and Westinghouse will apply experience gained through the
French contract to future projects in the domestic and overseas
markets. They will also take full advantage of their extensive
capabilities as a total solutions provider to seek business
opportunities for both new construction and O&M business of nuclear
power plants on a worldwide basis.

About Toshiba

Toshiba is a world leader in high technology, a diversified
manufacturer and marketer of advanced electronic and electrical
products spanning information & communications equipment and systems;
digital consumer products; electronic devices and components; power
systems, including nuclear energy; industrial and social
infrastructure systems; and home appliances.

Toshiba was founded in 1875, and today operates a global network
of more than 740 companies, with 198,000 employees worldwide and
annual sales surpassing US$76 billion. Visit Toshiba's web site at
www.toshiba.co.jp/index.htm

About Westinghouse

Westinghouse, a group company of Toshiba Corporation, is a
recognized pioneer in nuclear power and a leading supplier of nuclear
plant products and technologies to utilities throughout the world.
Westinghouse technology today provides the technological basis for
approximately half of the nuclear plants in operation around the
world.

Toshiba Corporation
Keisuke Ohmori, 81-3-3457-2105
Corporate Communications
keisuke.oomori@toshiba.co.jp
or
Westinghouse Electric Company
Vaughn Gilbert, 1-412-374-3896
Public Relations
gilberhv@westinghouse.com

Copyright Business Wire 2008