Hitachi Reviewing Nuclear Power Partnership with General Electric Co. (NYSE: GE)

Hitachi (6501.T) said on Tuesday that it would be reviewing the structure of its current nuclear power partnership with General Electric Co. (NYSE: GE) as it hopes to win more deals on a global basis.

A spokesman for Hitachi did not rule out the possibility of General Electric and Hitachi changing their investments as apt of an overhaul of the company’s global sales network, but said that nothing had been decided.

General Electric Co. (NYSE: GE) said on Tuesday that it had not had any talks with Hitachi about changing their venture.

“We have not had any discussions with Hitachi about changing our alliance structure,” said G.E. spokesman Daniel Nelson. “We value our alliance and look forward to continuing to work together to respond to our customers’ needs worldwide.”

Hitachi’s nuclear power business is one area of focus for the company as it hopes for growth after seeing more than four consecutive years of losses.

It was reported by the Nikkei business daily that Hitachi might want to take control of foreign sales of nuclear equipment. Although Hitachi currently leads sales in Japan, G.E. is in charge of other markets.

“GE has its hands full with the U.S. and isn’t able to cover Asia, the Middle East and Europe,” Hitachi President Hiroaki Nakanishi was quoted as telling the Nikkei in an interview.