EDF ready to divest a part of its power stations in the United Kingdom. The electrician “considers various options” but intends to remain “majority” in the capital of its British subsidiary which operates eight nuclear power plants across the Channel. EDF is ready to sell part of the capital of its nuclear power plants in the United Kingdom if the opportunity arises. This is what the electrician said Wednesday, for the first time, as a result of information published in the London press.
Les Echos 12th July 2018 read more »
May put construction of the China-backed Hinkley Point C power station on hold two years ago, one of her first major acts since taking over as Prime Minister in the aftermath of Britain’s shock Brexit vote. Sources close to May suggested the decision was driven by national security concerns centring on China’s nuclear strategy. Yet two years on from that hold-up, the state-owned China General Nuclear Power Group (CGN) is reportedly looking to augment its involvement in Britain’s nuclear energy sector by securing a 49% interest in eight power stations previously owned by British Energy. CGN analysts may feel the turmoil in the British government over Brexit, combined with the burgeoning trade relationship between the UK and China, will ensure no hitches this time.
Descrier 12th July 2018 read more »