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Third Nuclear Player Enters U.K. Power Industry
GALWAY, IRELAND--November 2, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--After losing out on the original auctions for potential nuclear sites in the United Kingdom, a consortium led by GDF Suez (EPA:GSZ) (Paris, France) is back in the race following the £70 million ($115.5 million) purchase of a site near Sellafield in Cumbria. The consortium, comprising GDF Suez, Iberdrola Renovables SA (Valencia, Spain), and Scottish And Southern Energy plc (OTC:SSEZY) (SSE) (Perth, Scotland), has secured an option to purchase land for the development of a new nuclear power station in Sellafield. The area of land, comprising 190 hectares, lies to the north of the existing site in Sellafield. The sale is being overseen by the Nuclear Decommissioning Authority (NDA) and will involve the group paying an up-front payment of £19.5 million ($32.2 million), followed by a further payment of at least £50.5 million ($83.3 million) in the next six years.
Other companies featured: RWE AG (OTC:RWEOY) (Essen, Germany), E.ON AG (OTC:EONGY), Electricite de France SA (EPA:EDF)
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Industry Segment: Power
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