Nuclear Power Stations

China’s major nuclear power operator, China General Nuclear Power Corp, denied it is in an early stage to buy a big minority stake in Britain’s fleet of nuclear power stations. The company hasn’t conducted related work yet, Huang Xiaofei, spokesperson for the company, told China Daily on Monday. The comment came after reports saying CGN is considering an approach for a share of up to 49 percent in the eight power stations, which generate a fifth of the nation’s electricity. The stake, worth up to £4 billion ($5.3 billion), is being sold by Centrica, the parent company of British Gas, and the French giant EDF, according to the Times.

China Daily 10th July 2018 read more »

EDF considering options over its 80 percent stake in UK nuclear plants. French state-controlled power group EDF said on Wednesday it was considering its options regarding Britain’s nuclear plants, adding that it wanted to keep a majority stake. “Following Centrica’s announcement of its intention to sell its 20 percent stake in EDF Energy’s operating nuclear fleet by 2020, EDF is currently taking steps to support this process and considering different options – while remaining committed to maintain control and majority ownership of the asset,” EDF said in a statement on Wednesday. No decision regarding a potential minority sell-down of its stake has been taken yet,” added the French company.

Reuters 11th July 2018 read more »

Share

Published: 12 July 2018