UK government may need public subsidy for nuclear reactors
According to the National Audit Office (NAO), the UK government may require public financial backing to construct new nuclear reactors even the government earned huge sum of money after selling its stake in British Energy last year. Earlier, the ...
by Beth Williams January 25th, 2010
GDF Suez initiated a bid for International Power
GDF Suez, the fifth biggest power producer in Europe, has made a takeover proposal for the FTSE 100-listed International Power, a move which will likely elevate political anxiety over the sale of the vital British energy infrastructure. GDF Suez is 35 per cent partly owned by the French government. It has
by Emma Young January 18th, 2010
Dungeness B nuclear station temporarily shutdown due to blaze
Two reactors at the Dungeness B nuclear plant had been shutdown after a fire took place at the station on Monday. The fire was first reported by a staff in the boiler annexe’s Unit 22. Immediately, Kent firemen and the emergency control centre of British Energy at Barnwood were called.
by Lynnette Adamson November 27th, 2009
EDF Seeks Extra Capital
EDF, a major French utility, announced that they are seeking to increase their capital for venture projects in the UK nuclear sector. In order to do so, the company may be willing to offload a further 20 percent stake in British ...
by Justin Becks September 22nd, 2009
EDF Looks to Appoint John Hutton as Senior Advisor
Former Business Secretary John Hutton is in talks with EDF Energy to join the utility giant's team as a senior adviser. EDF Energy, is the British subsidairy of the French state-run nuclear power company. EDF confirmed to press that they ...
by Jenson Brayshaw September 14th, 2009
Lenders Will Buy Eggborough Coal-Powered Plant from EDF
EDF's energy plant at Eggborough, a coal-fired plant, has been acquired by the company's lenders, EDF announced on Thursday. The lenders had been debating whether or not to exercise their right to acquire the coal-run power plant, and announced last week their decision to do so. the lenders acquire the rights
by Jenson Brayshaw September 7th, 2009
UK government bars Centrica’s bid for British Energy
According to an institutional shareholder in Centrica, the nuclear generator has been banned from making a single-handed bid for British Energy by the British government. Published reports say that the shareholder in question has raised concerns as to why EDF, which is the favored bidder, enjoys the overwhelming support of the UK government. ...
by Jason Drew August 31st, 2008
Government in support of EDF takeover of British Energy
The energy minister expressed his inclination towards the take over of British Energy by EDF (Electricite de France) to the Financial Times. Mr. Malcolm Wick stated that according to the UK government, this will be the most sensible deal. His ...
by Jason Drew August 25th, 2008
