New Nukes
Sweden’s biggest energy company is eyeing a possible multibillion-pound investment in Britain’s nuclear power industry. Vattenfall, Europe’s fifth-largest electricity utility, is considering acquiring a stake in EDF’s project to construct four new reactors in the UK at Hinkley Point in Somerset and Sizewell in Suffolk. EDF, the nuclear power company that is 82 per cent owned by the French Government, is keen to sell part of its stake in the project to help to cut its €36.8 billion (£34.4 billion) debt pile, amassed during an acquisition spree last year.
Times 15th Oct 2009
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6875425.ece
Swedes prepare to snap up stake in Britain’s new nuclear reactorshttp://www.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6875425.ece