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WESTINGHOUSE TO FORM POWER GENERATION JOINT VENTURE WITH PEOPLE'S REPUBLIC OF CHINA

 PITTSBURGH, July 13 /PRNewswire/ -- Westinghouse Electric Corporation (NYSE: WX)today announced an agreement to form a joint venture company with Longyuan Power Technology Exploitation Corporation (LYPTEC) to modernize operating steam turbine-generators throughout the People's Republic of China.
 This first-of-a-kind agreement will initially focus on renovating and modernizing 150 steam turbine-generators, each rated at 200 megawatts. Ultimately, the joint venture will establish a base which will provide technology and advanced field service capabilities for more than 400 power stations in China.
 The joint venture will be owned on a 50/50 basis by Westinghouse and LYPTEC and will be staffed by experts from both companies. Westinghouse will provide technology, management, technical field assistance, and critical components to the modernization program. LYPTEC will coordinate project planning with both the power plants and local power bureaus, obtain and manage local financing, and manage the local sourcing of goods and services.
 "This agreement is an important milestone for both Westinghouse and the People's Republic of China," said John Yasinsky, group president of Westinghouse Power and Environmental Systems. "Westinghouse started working with the people of China in 1972 to advance their power generation technology and manufacturing capabilities. This agreement, which focuses on service and modernization, is the logical next step in our cooperation."
 Yasinsky met with various state, provincial and municipal leaders of China in June, including Minister Shi Dazhen, Ministry of Power Industry; Vice Minister Lu Yansun, Ministry of Machine Building Industry; Governor Shao Qihui, governor of HeiLongJiang Province; and Vice Mayor Jiang Yiren of the Municipality of Shanghai.
 Shi said: "The modernization agreement will provide a good foundation for the extension and expansion of cooperation between China, and it has my full support. This joint venture, in combination with other cooperations with various factories, can significantly help ease China's shortage of electrical energy." The huge turbine and generator works located in Harbin, HeiLongJiang and in the Municipality of Shanghai, among other factories in China, participated in a Westinghouse technology transfer program during the 1980s and continue to license Westinghouse technology.
 Frank Bakos, vice president and general manager of the Westinghouse Power Generation business unit, is optimistic about the joint venture. "Our goal is to improve the efficiency of the steam turbines, to increase their power output, to reduce maintenance costs, and to extend the life of the operating plants. These efforts will not only help meet China's huge demand for electricity, they will have a positive impact on the environment and help to improve the quality of life for a great many people," he said.
 Westinghouse, a leader in the global power generation market, is headquartered in Pittsburgh. The Westinghouse Power Generation business unit is headquartered in Orlando, Fla., with manufacturing facilities in Pensacola, Fla., Charlotte, N.C., Winston-Salem, N.C., Fort Payne, Ala., and Hamilton, Ontario. Westinghouse has supplied over 280,000 megawatts of power generation equipment world-wide.
 /delval/
 -0- 7/13/93
 /CONTACT: Mimi Limbach, 412-642-3341, or Paul Tobin, 407-281-2525, both of Westinghouse Electric/
 (WX)


CO: Westinghouse Electric Corporation; Westinghouse Power and
 Environmental Systems ST: Pennsylvania, Florida IN: OIL SU: JVN


CD -- PG004 -- 0848 07/13/93 11:27 EDT
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Date:Jul 13, 1993
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