Centrica unlikely to up stake in EDF reactors-paper | Reuters - 0 views
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Energy Net on 12 Oct 09Centrica (CNA.L) is not interested in taking a larger stake in four new nuclear plants to be built by France's EDF (EDF.PA), The Daily Telegraph reported on Tuesday citing sources. EDF, which already owns eight nuclear power stations in the UK after its acquisition of British Energy last year, confirmed over the weekend that it may sell a 20 percent stake worth at least 3 billion pounds ($4.78 billion) in two reactors at Hinkley Point in Somerset and two at Sizewell in Suffolk, the Telegraph reported. Centrica, which bought 20 percent of British Energy for 2.3 billion pounds earlier this year, has the right to take up a 20 percent stake in the new nuclear projects, but is understood not to want a bigger share, the paper said.
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Energy Net on 12 Oct 09Centrica (CNA.L) is not interested in taking a larger stake in four new nuclear plants to be built by France's EDF (EDF.PA), The Daily Telegraph reported on Tuesday citing sources. EDF, which already owns eight nuclear power stations in the UK after its acquisition of British Energy last year, confirmed over the weekend that it may sell a 20 percent stake worth at least 3 billion pounds ($4.78 billion) in two reactors at Hinkley Point in Somerset and two at Sizewell in Suffolk, the Telegraph reported. Centrica, which bought 20 percent of British Energy for 2.3 billion pounds earlier this year, has the right to take up a 20 percent stake in the new nuclear projects, but is understood not to want a bigger share, the paper said.