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04.04.2012 15:28EDF Sticks to U.K. Nuclear Projects, RWE, EON Quit
RWE and EON, which operate plants fired by coal, gas and renewables in Britain, said March 29 they’re seeking buyers for Horizon, a venture with sites in Wales and western England
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Electricite de France SA, the world’s biggest operator of atomic plants, remains committed to developing nuclear reactors in the U.K. even after Germany’s two biggest utilities abandoned projects in the country.
EDF has no intention of following EON AG and RWE AG (RWE), which announced last week they’ll scrap a plan to build reactors in Britain through their Horizon venture, Chief Executive Officer Henri Proglio said today, as quoted by Bloomberg. “The British government is eager to develop new sources of energy and we will accompany them,” he said.
All of Britain’s operating reactors are scheduled to shut by 2035 as they age, leaving the U.K. with an energy gap of almost 10,000 megawatts. EDF, with partner Centrica Plc (CNA), plans two new generators at its site in Sizewell in eastern England. The company also intends to make an investment decision on two new reactors at Hinkley Point in southwest England, costing an estimated 10 billion pounds (USD16 billion), by the end of 2012.
RWE and EON, which operate plants fired by coal, gas and renewables in Britain, said March 29 they’re seeking buyers for Horizon, a venture with sites in Wales and western England. RWE said high costs of capital and leaner budgets as a result of Germany’s forced reactor closures helped drive the decision.
Proglio declined to comment on whether state-controlled EDF (EDF) would be interested in acquiring Horizon.
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