BE capable of building nuclear plants on its own
Even though British Energy, the East Kilbride Scotland-based nuclear energy generation firm is under an uncertainty of a takeover, it is moving ahead with the plans of building new nuclear plants in England. Yesterday, Bill Coley, the chief executive of BE admitted that at the moment they do not have in-house
by Lynnette Adamson August 15th, 2008
Decline in BE earnings smaller than estimated
The nuclear energy producer, British Energy Group Plc has discarded a takeover proposal from Electricite de France SA (EDF) and reported a slight decline in the first quarterly profits than what analysts anticipated. Earnings before amortization, tax, interest and depreciation for ...
by Emma Young August 15th, 2008
UKs power supply future looks dismal
With the UK government's energy policies in disarray, there is widespread concern that the future does not look too bright. Having already faced neglect from the government, the fight is on now to take drastic measures to keep the country's ...
by Emma Young August 14th, 2008
Political pressures push for EDF takeover of British Energy
Political pressures are mounting to try and get EDF, the French power company to takeover UK nuclear house British Energy. Though talks between both organisations had failed to strike the deal, political interest in making it work continues. Insiders to this dialogue confirmed that EDF was the strongest bidder for
by Jenson Brayshaw August 14th, 2008
Energy Sector to pursue nuclear resurgence
Samir Brikho, CEO of Amec, is enthusiastic about working on one of the biggest nuclear energy power projects in UK. Amec is a constituent of consortium currently vying for Sellafield nuclear power plant. Sellafield is Britain's major nuclear reprocessing plant. ...
by Jenson Brayshaw August 11th, 2008
Centrica would now try to lure British Energy with cash
Centrica seems to be keeping all options open for acquiring a stake in British Energy. British Energy is currently in talks with EDF for acquisition. In case EDF succeeds in acquiring British Energy, then Centrica plans to purchase a minority ...
by Lynnette Adamson August 11th, 2008
Privatization responsible for UK’s energy fiasco
With escalating gas, electricity and petrol prices, British families are facing the prospects of tough winter. Nuclear power plants are nearing shut-down dates and the supplies from North Sea are dwindling. Both Labour and Tory ...
by Tessa Clarke August 10th, 2008
UK disfavours British Energy deal with Centrica
Any possibilities of Centrica merging with British Energy seem to be dimming with the UK government expressing its reservations about the merger. British Energy, a nuclear organisation is in merger talks with Centrica, that already owns British Gas. Centrica in ...
by Jenson Brayshaw August 5th, 2008
British Energy approached by Ultra Electronics for nuclear deal
Ultra Electronics, the company that deals in battle space IT is in discussions with British Energy. If the discussions fructify, British Energy's nuclear power zones will soon be fitted with control systems from Ultra Electronics. At present, Ultra Electronics is supplying ...
by Emma Young August 5th, 2008
Centrica eyeing British Energy
Gas and electricity giant Centrica is said to be eyeing nuclear power company British Energy. British Energy has been in talks with several corporate for potential merger. Prominent contenders include Spain's Iberdrola, Germany's RWE and France's EDF. Last week EDF came close to sealing the deal when it made a cash
by Jason Drew August 4th, 2008
Discussion over between BE and EDF on nuclear power generation
British Energy ("BE"), the UK's biggest firm in nuclear energy refused the takeover deal by a French state controlled organization, Electricite de France ("EDF"). It was a ₤12 billion deal. It is speculated that the BE stakeholders might have rejected ...
by Jenson Brayshaw August 1st, 2008
